0001144204-17-059117.txt : 20171114 0001144204-17-059117.hdr.sgml : 20171114 20171114171334 ACCESSION NUMBER: 0001144204-17-059117 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 66 CONFORMED PERIOD OF REPORT: 20170930 FILED AS OF DATE: 20171114 DATE AS OF CHANGE: 20171114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Takung Art Co., Ltd. CENTRAL INDEX KEY: 0001491487 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990] IRS NUMBER: 264731758 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38036 FILM NUMBER: 171202911 BUSINESS ADDRESS: STREET 1: FLAT/RM 03-04 20/F HUTCHISON HOUSE STREET 2: 10 HARCOURT ROAD CITY: CENTRAL STATE: K3 ZIP: 999077 BUSINESS PHONE: 852-3158-0977 MAIL ADDRESS: STREET 1: FLAT/RM 03-04 20/F HUTCHISON HOUSE STREET 2: 10 HARCOURT ROAD CITY: CENTRAL STATE: K3 ZIP: 999077 FORMER COMPANY: FORMER CONFORMED NAME: Cardigant Medical Inc. DATE OF NAME CHANGE: 20100507 10-Q 1 tv478687_10q.htm 10-Q

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

(Mark One)

 

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended September 30, 2017

 

or

 

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from _________________________ to_________________________

 

Commission File Number: 001-38036

 

TAKUNG ART CO., LTD

(Exact name of registrant as specified in its charter)

 

Delaware   26-4731758
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)

 

Flat/RM 03-04 20/F Hutchison House 10 Harcourt Road, Central, Hong Kong

(Address of principal executive offices)             (Zip Code)

 

+852 3158 0977

(Registrant’s telephone number, including area code)

 

(Former name, former address and former fiscal year, if changed since last report)

 

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. x Yes ¨ No

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).     x Yes ¨ No

 

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 “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ¨ Accelerated filer ¨
Non-accelerated filer (Do not check if a smaller reporting company) ¨     Smaller reporting company x
  Emerging growth company ¨

 

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. ¨

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ¨ Yes x No

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

 

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d)of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.   ¨ Yes ¨ No

 

APPLICABLE ONLY TO CORPORATE ISSUERS:

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

 

The number of shares of common stock issued and outstanding as of November 14, 2017 is 11,188,882.

 

 

 

 

 

FORM 10-Q

TAKUNG ART CO, LTD

INDEX

 

    Page
     
PART I. Financial Information 3
     
  Item 1.  Interim Condensed Consolidated Financial Statements (Unaudited). 3
     
  Item 2.  Management’s Discussion and Analysis of Financial Condition and results of Operation. 17
     
  Item 3.  Quantitative and Qualitative Disclosures About Market Risk. 26
     
  Item 4.  Controls and Procedures. 27
     
PART II. Other Information 28
     
  Item 1.  Legal Proceedings. 28
     
  Item 1A. Risk Factors. 28
     
  Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds. 28
     
  Item 3.  Defaults Upon Senior Securities. 28
     
  Item 4.  Mine Safety Disclosures. 28
     
  Item 5.  Other Information. 28
     
  Item 6.  Exhibits. 28
     
  Signatures 29

 

2 

 

 

PART I –FINANCIAL INFORMATION

 

Item 1. Interim Condensed Consolidated Financial Statements (Unaudited)

 

TAKUNG ART CO., LTD AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

(Stated in U.S. Dollars except Number of Shares)

 

   September 30,   December 31, 
   2017   2016 
   (Unaudited)     
ASSETS          
Current assets          
Cash and cash equivalents  $14,887,890   $13,395,337 
Restricted cash   19,057,733    21,743,360 
Account receivables, net   3,732,569    3,058,568 
Prepayment and other current assets   870,231    968,446 
Loan receivables   6,806,623    6,374,046 
Total current assets   45,355,046    45,539,757 
           
Non-current assets          
Property and equipment, net   2,104,107    2,065,182 
Intangible assets   20,394    20,546 
Deferred tax assets   294,676    243,772 
Other non-current assets   535,420    428,764 
Total non-current assets   2,954,597    2,758,264 
Total assets  $48,309,643   $48,298,021 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY          
           
LIABILITIES          
Current liabilities          
Accrued expenses and other payables  $780,800   $608,883 
Customer deposits   19,057,733    21,743,360 
Advance from customers   -    360,248 
Short-term borrowings from third parties   6,371,900    6,308,513 
Amount due to related party   1,085,480    1,031,805 
Taxes payable   1,094,885    549,897 
Total current liabilities   28,390,798    30,602,706 
Deferred tax liabilities   45,301    62,618 
Total non-current liabilities   45,301    62,618 
Total liabilities   28,436,099    30,665,324 
           
COMMITMENTS AND CONTINGENCIES          
           
STOCKHOLDERS’ EQUITY          
Common stock (1,000,000,000 shares authorized; $0.001 par value;
11,188,882 shares issued and outstanding as of September 30, 2017;
11,169,276 shares issued and outstanding as of December 31, 2016)		   11,189    11,169 
Additional paid-in capital   5,928,455    5,532,426 
Retained earnings    14, 229,809    13,172,671 
Accumulated other comprehensive loss   (295,909)   (1,083,569)
Total stockholders’ equity   19,873,544    17,632,697 
Total liabilities and stockholders’ equity  $48,309,643   $48,298,021 

 

The accompanying notes are an integral part of these interim condensed consolidated financial statements.

 

3 

 

 

TAKUNG ART CO., LTD AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME

AND COMPREHENSIVE INCOME

(Stated in U.S. Dollars except Number of Shares)

(UNAUDITED)

 

   For the Three Months Ended
September 30,		   For the Nine Months Ended
September 30,		 
   2017   2016   2017   2016 
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited) 
Revenue                    
Listing fee revenue  $1,455,498   $2,968,534   $4,606,649   $8,166,072 
Commission revenue   1,496,826    1,669,698    4,970,651    3,739,958 
Gross management fee revenue   402,547    781,219    967,518    1,341,294 
Annual fee revenue   140    440    859    869 
Authorized agent subscription revenue   -    322,318    -    966,059 
Total revenue   3,355,011    5,742,209    10,545,677    14,214,252 
                     
Cost of revenue   (292,168)   (285,252)   (822,335)   (822,735)
                     
Gross profit   3,062,843    5,456,957    9,723,342    13,391,517 
                     
Operating expenses:                    
General and administrative expenses   (2,498,848)   (1,744,965)   (7,311,128)   (5,076,689)
Selling expenses   (624,151)   (652,207)   (1,272,010)   (1,993,782)
                     
Income (loss) from operations   (60,156)   3,059,785    1, 140,204    6,321,046 
                     
Other income and expenses:                    
Other income   186,259    163,738    440,470    314,268 
Loan interest expense   (152,059)   (62,670)   (455,762)   (62,670)
Exchange gain (loss)   177,652    (112,384)   526,603    (530,934)
Total other income (loss)   211,852    (11,316)   511,311    (279,336)
                     
Income before income taxes   151,696    3,048,469    1,651,515    6,041,710 
                     
Income tax (expense) benefit   (124,662)   (596,732)   (594,377)   (1,377,078)
                     
Net income  $27,034   $2,451,737   $1,057,138   $4,664,632 
                     
Foreign currency translation adjustment   311,485    10,172    787,660    18,322 
                     
Comprehensive income  $338,519   $2,461,909   $1,844,798   $4,682,954 
                     
Earnings per common share– basic  $0.00   $0.23   $0.10   $0.44 
Earnings per common share– diluted   0.00    0.22    0.09    0.41 
Weighted average number of common shares outstanding-basic   11,188,882    10,632,276    11,039,880    10,632,276 
Weighted average number of common shares outstanding-diluted   11,248,688    11,365,597    11,398,082    11,277,845 

 

The accompanying notes are an integral part of these interim condensed consolidated financial statements.

  

4 

 

 

TAKUNG ART CO., LTD AND SUBSIDIARIES 

 

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Stated in U.S. Dollars)

(UNAUDITED)

 

   For the Nine Months   For the Nine Months 
   Ended   Ended 
   September 30,   September 30, 
   2017   2016 
Cash flows from operating activities:          
Net cash provided by operating activities   1,028,524    5,635,391 
           
Cash flows from investing activities:          
Purchase of property and equipment   (455,255)   (976,460)
Purchase of held-to-maturity investments   -    (14,995,876)
Purchase of available-for-sales investment   (53,501,874)   (299,918)
Maturity and redemption of available-for-sales investment   53,501,874    - 
Maturity and redemption of held-to-maturity investments   -    14,995,876 
Loan to third parties   (3,518,325)   - 
Repayment from loan to third parties   3,412,070    - 
Net cash used in investing activities   (561,510)   (1,276,378)
           
Cash Flows from financing activities:          
Proceeds from short-term borrowings   -    3,519,580 
Proceeds from related party loans   -    2,340,895 
Loan to third parties   -    (3,513,534)
Net cash provided by financing activities   -    2,346,941 
           
Effect of exchange rate change on cash and cash equivalents   1,025,539    (644,375)
           
Net increase in cash and cash equivalents   1,492,553    6,061,579 
           
Cash and cash equivalents, beginning balance   13,395,337    10,769,456 
           
Cash and cash equivalents, ending balance  $14,887,890   $16,831,035 
           
Supplemental cash flows information:          
Cash paid for interest  $212,954   $- 
Cash paid for income tax  $136,453   $562,994 

  

The accompanying notes are an integral part of these interim condensed consolidated financial statements.

 

5 

 

 

TAKUNG ART CO., LTD AND SUBSIDIARIES

NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Stated in U.S. Dollars except Number of Shares)

(UNAUDITED)

 

1. ORGANIZATION AND DESCRIPTION OF BUSINESS

 

Takung Art Co., Ltd and Subsidiaries (“Takung”, the “Company”, “we”, “us” and “our”), a Delaware corporation (formerly Cardigant Medical Inc.) through Hong Kong Takung Art Company Limited (formerly Hong Kong Takung Assets and Equity of Artworks Exchange Co., Ltd.) (“Hong Kong Takung”), a Hong Kong company and our wholly owned subsidiary, operates an electronic online platform located at www.takungae.com for artists, art dealers and art investors to offer and trade in valuable artwork.

 

Hong Kong Takung was incorporated in Hong Kong on September 17, 2012 and operates an electronic online platform for offering and trading artwork. For the period from September 17, 2012 (inception) to December 31, 2012, there was no operation except the issuance of shares for subscription receivable. We generate revenue from our services in connection with the offering and trading of artwork on our system, primarily consisting of listing fees, trading commissions, and management fees. We conduct our business primarily in Hong Kong, People’s Republic of China.

 

Takung (Shanghai) Co., Ltd (“Shanghai Takung”) is a limited liability company, with a registered capital of $1 million, located in the Shanghai Pilot Free Trade Zone. Shanghai Takung was incorporated on July 28, 2015. It is engaged in providing services to its parent company Hong Kong Takung by receiving deposits from and making payments to online artwork traders of Takung for and on behalf of Takung.

 

Shanghai Takung set up a new office in Hangzhou, PRC on November 20, 2016 for technology development. Takung Cultural Development (Tianjin) Co., Ltd (“Tianjin Takung”) is a limited liability company, with a registered capital of $1 million located in Pilot Free Trade Zone. Tianjin Takung was incorporated on January 27, 2016. 

 

Tianjin Takung provides technology support services to Hong Kong Takung and Shanghai Takung and also carries out marketing and promotion activities in mainland China.

  

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  

 

Basis of Presentation

 

The accompanying condensed consolidated balance sheet as of December 31, 2016, which has been derived from audited financial statements, and the unaudited interim condensed consolidated financial statements as of September 30, 2017 and for the three months ended and nine months ended September 30, 2017 and 2016 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and disclosures, which are normally included in financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to such rules and regulations, although the management believes that the disclosures made are adequate to provide for fair presentation. The interim financial information should be read in conjunction with the Financial Statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, previously filed with the SEC.

 

This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company’s financial statements are expressed in U.S. dollars.

 

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s unaudited interim condensed consolidated financial position as of September 30, 2017, its consolidated results of operations and cash flows for the nine-month periods ended September 30, 2017 and 2016, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods. 

 

6 

 

 

3. PREPAYMENT AND OTHER CURRENT ASSETS

 

Prepayment and other current assets mainly consist of the prepaid services for development, maintenance of online trading system, the advertising and promotional services, prepaid financial advisory and banking services, as well as other current assets.

 

   September 30,
2017		   December 31, 
2016		 
   (Unaudited)     
Advertising and promotional services   438,741    296,163 
Prepaid professional fee   144,706    - 
Prepaid rental expense   82,793    60,822 
Prepaid insurance   54,875    31,082 
Prepaid maintenance of trading system   78,784    17,514 
Staff advance   11,263    28,806 
Prepaid financial advisory and banking services   39,153    201,808 
Short-term borrowings to third party   -    259,254 
Other current assets   19,916    72,997 
Prepayment and other current assets  $870,231   $968,446 

  

4. ACCOUNT RECEIVABLES, NET

 

Account receivables consisted of the following:

 

   September 30,
2017		   December 31, 
2016		 
   (Unaudited)     
Listing fee  $1,562,924   $1,403,255 
Authorized agent subscription revenue   924,100    995,453 
Monthly commission fee   1,422,750    605,677 
Others   63,323    54,183 
Less: allowance for doubtful accounts   (240,528)   - 
Account receivables, net  $3,732,569   $3,058,568 

 

Management reviewed the collectability of the receivables periodically, and identified certain inactive traders during this quarter. Management considered the receivables due from these traders are uncertain and provided bad debt provision of $240,528 for the three and nine months ended September 30, 2017.

  

10 

 

  

5. LOAN RECEIVABLES

 

The following table sets forth a summary of the loan agreements in loan receivables balance:

 

Date   Borrower   Lender   Original
Amount
(RMB)		    

September 30,
2017

(USD)

    

December 31,
2016

(USD)

     Annual
Interest
Rate		     Repayment 
Due Date
                  (Unaudited)                  
7/15/2016   Xiaohui Wang   Shanghai Takung     10,080,000     $ -     $ 1,451,822       0 %   3/31/2017
8/24/2016   Xiaohui Wang   Shanghai Takung     13,350,000     $ -     $ 1,922,800       0 %   3/31/2017
11/14/2016   Xiaohui Wang   Shanghai Takung     10,275,000     $ 1,544,346     $ 1,479,908       0 %   10/31/2017
12/9/2016   Xiaohui Wang   Tianjin Takung     10,550,000     $ 1,585,680     $ 1,519,516       0 %   11/30/2017
1/4/2017   Xiaohui Wang   Tianjin Takung     24,461,505     $ 3,676,597     $ -       0 %   12/31/2017
              Total     $ 6,806,623     $ 6,374,046              

 

All the transactions were aimed to meet the Company’s working capital needs in US Dollar, which is freely convertible to Hong Kong Dollar.

  

•The interest-free loans (the “RMB Loans”) that Shanghai Takung and Tianjin Takung entered were guaranteed by Chongqing Wintus (New Star) Enterprises Group (“Chongqing”). Xiaohui Wang (“Ms. Wang”) is a national of the People’s Republic of China. Ms. Wang is a shareholder and the legal representative of Chongqing. Both Chongqing and Ms. Wang are the non-related parties to the Company.

 

•In the meantime, Hong Kong Takung entered into loan agreements (the “US Dollar Loans”) with Merit Crown Limited, a Hong Kong company (“Merit Crown) with interest accruing at a rate of 8% per annum (See Note 8). Merit Crown is a non-related party to the Company.

 

Through an understanding between Ms. Wang and Merit Crown, the US Dollar Loans are “secured” by the RMB Loans. It is the understanding between the parties that when the US Dollar Loans are repaid, the RMB Loans will be repaid at the same time.

 

11 

 

 

6. PROPERTY AND EQUIPMENT, NET   

 

Property and equipment consisted of the following:

 

   September 30, 
2017		   December 31, 
2016		 
   (Unaudited)     
Furniture, fixtures and equipment  $157,736   $100,386 
Leasehold improvements   402,597    298,965 
Computer trading and clearing system   3,220,318    2,802,430 
Sub-total   3,780,651    3,201,781 
Less: accumulated depreciation   (1,676,544)   (1,136,599)
Property and equipment, net  $2,104,107   $2,065,182 

 

Depreciation expense amounted to  $190,626 and $133,608 for the three months ended September 30, 2017 and 2016, respectively, and $538,532 and $373,308 for the nine months ended September 30, 2017 and 2016, respectively.

  

7. ACCRUED EXPENSES AND OTHER PAYABLES

 

Accrued expenses and other payables as of September 30, 2017 and December 31, 2016 consisted of:

 

    September 30,     December 31,  
    2017     2016  
    (Unaudited)        
Trading and clearing system   $ 54,688     $ 61,735  
Accruals for professional fees     19,972       49,952  
Accruals for consulting fees     297,461       290,773  
Payroll payables     295,722       141,022  
Accruals for business trip expense     23,722       -  
Other payables        89,235       65,401  
Total accrued expenses and other payables   $ 780,800     $ 608,883  

 

12 

 

 

8. SHORT-TERM BORROWINGS FROM THIRD PARTIES

 

The following table sets forth a summary of the loan agreements in loan receivables balance:

 

Date  Borrower  Lender  Original Amount
(HKD)		   September 30, 
2017
(USD)		   December 31,
2016
(USD)		   Annual
Interest Rate		   Repayment 
Due Date
             (Unaudited)            
7/15/2016  Hong Kong Takung  Merit Crown Limited   11,700,000   $1,497,888   $1,509,015    8%  12/31/2017
8/24/2016  Hong Kong Takung  Merit Crown Limited   15,596,100   $1,996,684   $2,011,518    8%  12/31/2017
11/18/2016  Hong Kong Takung  Merit Crown Limited   11,479,102   $1,469,607   $1,480,525    8%  10/31/2017
12/9/2016  Hong Kong Takung  Merit Crown Limited   11,787,600   $1,509,103   $1,520,314    8%  11/30/2017
                              
   Less: Discount loan payable          $101,382   $212,859         
                              
          Total   $6,371,900   $6,308,513         

  

The US Dollar Loans are to provide Hong Kong Takung with sufficient US Dollar-denominated currency to meet its working capital requirements. It is “secured” by the aforementioned RMB Loans (See Note 5) of equivalent amount by its subsidiary to an individual and guarantor affiliated with the lender of the US Dollar Loans. It is the understanding between the parties that when the US Dollar Loans are repaid, the RMB Loans will similarly be repaid.

 

The weighted average interest rate of outstanding short-term borrowings was 8% per annum as of September 30, 2017 and December 31, 2016. The fair values of the short-term borrowings approximate their carrying amounts. The weighted average short-term borrowing was $6,419,099 and $1,678,803 for the nine months period ended September 30, 2017 and year ended December 31, 2016, respectively. The interest expenses for the short-term borrowings were $133,174 and $62,670 for the three months ended September 30, 2017 and 2016, respectively and $394,295 and $62,670 for the nine months ended September 30, 2017 and 2016, respectively.

   

On October 30, 2017, Hong Kong Takung entered into agreements with both Merit Crown Limited and Ms. Wang to extend the US Dollar Loan and RMB Loan (see Note 5) with the original maturity date on October 31, 2017, to October 31, 2018.

 

9. RELATED PARTY BALANCES AND TRANSACTIONS   

 

The following is a list of related parties to which the Company has transactions with:

  

(a) Jianping Mao (“Mao”), the wife of the Vice General Manager of Hong Kong Takung.

  

Amount due to related party

 

Amount due to related party consisted of the following as of the periods indicated:

 

   September 30,
2017		   December 31,
2016		 
   (Unaudited)     
Mao (a)  $1,085,480   $1,031,805 
Total   1,085,480    1,031,805 

 

The interest rate of the outstanding short-term loan from Mao was 8% per annum as of September 30, 2017 and December 31, 2016. The interest expense was $61,283 and $19,941 for the nine months ended September 30, 2017 and 2016, respectively, and $20,652 and $19,941 for the three months ended September 30, 2017 and 2016, respectively.

 

On October 26, 2017, Hong Kong Takung entered into a supplementary agreement with Mao that, as of 30 September 2017, the outstanding principal amount of the Loan (as defined in the Loan Agreement) to be repaid by Hong Kong Takung to Mao is HK$8,000,000 (Hong Kong Dollars Eight Million) (“Outstanding Principal Loan Amount”), and the accrued interest of the Outstanding Principal Loan Amount is HK$478,685 (“Accrued Interest”). Mao hereby agreed to extend the maturity date of the Outstanding Principal Loan Amount and the interest thereof by Hong Kong Takung as below: (i) HK$4,500,000 and the interest thereof, together with the Accrued Interest to be due and payable by November 30, 2017; and (ii) HK$3,500,000 together with the interest thereof to be due and payable by December 31, 2017.

 

13 

 

 

10. INCOME TAXES

   

United States of America 

 

As of September 30, 2017 and December 31, 2016, the Company in the United States had $4,008,459 and $2,212,890 in net operating loss carried forward available to offset future taxable income, respectively. Federal net operating losses can generally be carried forward twenty years. The federal corporate net operating loss carryover is expired in 20 taxable years following the taxable year of the loss.

 

The Company believes that it is more likely than not that these net accumulated operating losses will not be utilized in the future. Therefore, the Company has provided a full valuation allowance for the deferred tax assets arising from the losses at the U.S. during the nine months ended September 30, 2017 and year ended December 31, 2016 amounting to $1,414,445 and $962,012, respectively. Accordingly, the Company has no net deferred tax assets under the US entity.

 

Hong Kong

 

The provision for current income taxes of the subsidiary operating in Hong Kong has been calculated by applying the current rate of taxation of 16.5% for the nine months ended September 30, 2017 and 2016, if applicable.

 

PRC

 

In accordance with the relevant tax laws and regulations of the PRC, a company registered in the PRC is subject to income taxes within the PRC at the applicable tax rate on taxable income. All the PRC subsidiaries were subject to income tax at a rate of 25%.

 

The income tax provision consists of the following components:

 

   For the Three Months Ended
September 30,		   For the Nine Months Ended
September 30,		 
   2017   2016   2017   2016 
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited) 
Current  $159,281   $684,801   $662,598   $1,561,728 
Deferred   (34,619)   (88,069)   (68,221)   (184,650)
                     
Total provision for income taxes  $124,662   $596,732   $594,377   $1,377,078 

  

14 

 

 

A reconciliation between the Company’s actual provision for income taxes and the provision at the statutory rate is as follow:

 

   For the Three Months Ended
September 30,		   For the Nine Months Ended
September 30,		 
   2017   2016   2017   2016 
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited) 
Income before income tax expense  $151,697   $3,048,469   $1,651,515   $6,041,710 
                     
Computed tax expense with statutory tax rate   25,030    502,998    271,806    994,688 
Impact of different tax rates in other jurisdictions   (73,258)   (24,505)   (230,651)   (254,199)
                     
Non-deductible items:                    
Tax effect of non-deductible expenses   25,896    11,117    100,789    32,742 
Changes in valuation allowance   146,994    107,122    452,433    603,847 
                     
Actual income tax expense  $124,662   $596,732   $594,377   $1,377,078 

 

The Company's effective tax rate was 82.2% and 19.6% for the three months ended September 30, 2017 and 2016, respectively, and 36.0% and 22.8% for the nine months ended September 30, 2017 and 2016, respectively.

 

11. COMMITMENTS AND CONTINGENCIES 

 

Operation Commitments

 

The total future minimum lease payments under the non-cancellable operating lease with respect to the office and the dormitory as of September 30, 2017 are payable as follows: 

 

Three months ending December 31, 2017  $244,960 
      
Year ending December 31, 2018   761,175 
      
Year ending December 31, 2019   223,026 
      
Year ending December 31, 2020   39,999 
      
Year ending December 31, 2021   15,030 
      
Year ending December 31, 2022 and thereafter   53,232 
      
Total  $1,337,422 

 

Rental expense of the Company was $293,338 and $199,514 for the three months ended September 30, 2017 and 2016, respectively, and $721,492 and $428,440 for the nine months ended September 30, 2017 and 2016, respectively.

 

15 

 

  

12. EARNINGS PER SHARE

 

Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and dilutive potential common shares outstanding during the period.

 

   For the Three Months Ended
September 30,		   For the Nine Months Ended
September 30,		 
   2017   2016   2017   2016 
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited) 
Numerator:                    
Net income  $27,034    2,451,737   $1,057,138    4,664,632 
                     
Denominator:                    
Weighted-average shares outstanding                    
Weighted-average shares outstanding - Basic   11,188,882    10,632,276    11,039,880    10,632,276 
Stock options and restricted shares   59,806    733,321    358,202    645,569 
Weighted-average shares outstanding - Diluted   11,248,688    11,365,597    11,398,082    11,277,845 
                     
Earnings per share                    
-Basic   0.00    0.23    0.10    0.44 
-Diluted   0.00    0.22    0.09    0.41 

 

Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock.

 

For the three months ended September 30, 2017, the diluted earnings per share calculation did not include options to purchase up to 109,160 shares of the Company's common stock, because they were out of money. It has no such impact for three months ended September 30, 2016, nine months ended September 30, 2017 and 2016 respectively.

 

There were dilutive effects of 487,000 shares for the nine months period ended September 30, 2017 and 2016. The 487,000 restricted shares of Common Stock (the “Compensation Shares”) related to the Consulting Agreement with Regeneration Capital Group, LLC (“Regeneration”) were placed in an escrow account and were subject to Regeneration’s performance condition. The shares were released from escrow account and transferred to Regeneration since the Company successfully listed on NYSE on March 22, 2017. 

  

13. SUBSEQUENT EVENT    

 

Other than the newly signed extension agreements as disclosed in Note 8, and the supplementary agreement with related party as disclosed in Note 9 above, the Company does not identify any other subsequent events with material financial impact on the unaudited condensed consolidated financial statements.

 

16 

 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

The following discussion and analysis should be read in conjunction with our financial statements and related notes thereto.

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 

 

This Quarterly Report on Form 10-Q and other reports filed by us from time to time with the Securities and Exchange Commission (collectively the “Filings”) contain or may contain forward-looking statements and information that are based upon beliefs of, and information currently available to, our management as well as estimates and assumptions made by our management. When used in the filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions as they relate to us or our management identify forward-looking statements. Such statements reflect the current view of our management with respect to future events and are subject to risks, uncertainties, assumptions and other factors as they relate to our industry, our operations and results of operations, and any businesses that we may acquire. Should one or more of the events described in these risk factors materialize, or should our underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

 

Although we believe that the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the U.S. federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results. The following discussion should be read in conjunction with our pro forma financial statements and the related notes that will be filed herein.

  

Overview

 

We were incorporated in Delaware under the name Cardigant Medical Inc. on April 17, 2009. Our initial business plan was to focus on the development of novel biologic and peptide based compounds and enhanced methods for local delivery for the treatment of vascular disease including peripheral artery disease and ischemic stroke.

 

Hong Kong Takung is a limited liability company incorporated on September 17, 2012 under the laws of Hong Kong, Special Administrative Region, China. Although Takung was incorporated in 2012, it did not commence business operations until late 2013.

 

As a result of the transfer of the excluded assets pursuant to the Contribution Agreement and the acquisition of all the issued and outstanding shares of Hong Kong Takung, we are no longer conducting the Cardigant Business and have now assumed Hong Kong Takung’s business operations as it now our only operating wholly-owned subsidiary.

 

Hong Kong Takung operates an electronic online platform located at http://eng.takungae.com for artists, art dealers and art investors to offer and trade in valuable artwork.

 

Through Hong Kong Takung, we offer on-line listing and trading services that allow artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors that they might not encounter without our platform. Our platform also makes investment in high-end and expensive artwork more accessible to ordinary people without substantial financial resources.

  

We generate revenue from our services in connection with the offering and trading of artwork on our system, primarily consisting of listing fees, trading commissions, management fees and authorized agent subscription.

 

On July 28, 2015, Hong Kong Takung incorporated a wholly owned subsidiary, Takung (Shanghai) Co., Ltd. (“Shanghai Takung”), in Shanghai Free-Trade Zone (SFTZ) in Shanghai, China, with a registered capital of $1 million. Shanghai Takung is engaged in providing services to its parent company Hong Kong Takung by receiving deposits from and making payments to online artwork traders for and on behalf of Hong Kong Takung.

 

17 

 

 

On January 27, 2016, Hong Kong Takung incorporated another subsidiary, Takung Cultural Development (Tianjin) Co., Ltd (“Tianjin Takung”), a limited liability company, with a registered capital of $1 million in Tianjin Pilot Free Trade Zone in Tianjin, People’s Republic of China. Tianjin Takung provides technology development services to Hong Kong Takung and Shanghai Takung, and also carries out marketing and promotion activities in mainland China.

 

Recently Shanghai Takung set up an office in Hangzhou to carry out technology development.

 

Since July 28, 2016, we have expanded access to our trading platform to residents of Russia, Mongolia, Australia and New Zealand – our first major expansion of operations outside of China. To further stimulate trading interest, we have added selected portfolios from these countries to our platform, which now numbers 199 artworks including three Russian painting portfolios and fifteen Mongolian paintings.  

 

Our headquarters are located in Hong Kong, Special Administrative Region, People’s Republic of China and we conduct our business primarily in Hong Kong, Shanghai and Tianjin. Recently, we set up a new office in Hangzhou to conduct technology development. Our principal executive offices are located at Flat/RM 03-04, 20/F, Hutchison House, 10 Harcourt Road, Central Hong Kong.

 

Our common stock began trading on the NYSE American under the symbol “TKAT” on March 22, 2017.

  

Results of Operation of Takung

 

The following discussion should be read in conjunction with the unaudited condensed consolidated Financial Statements of the Company for the three-month and nine-month period ended September 30, 2017 and 2016 and related notes thereto.

 

THREE-MONTH PERIOD ENDED SEPTEMBER 30, 2017 COMPARED TO THREE-MONTH PERIOD ENDED SEPTEMBER 30, 2016

 

Revenue

 

The following tables set forth our condensed consolidated statements of income data:

 

   Three Months Ended
September 30,		 
   2017   2016 
   (Unaudited)   (Unaudited) 
Revenue  $3,355,011   $5,742,209 
Cost of revenue   (292,168)   (285,252)
Selling expense   (624,151)   (652,207)
General and administrative expenses   (2,498,848)   (1,744,965)
Total costs and expenses   (3,415,167)   (2,682,424)
Income from operations   (60,156)   3,059,785 
Interest and other income (loss), net   211,852    (11,316)
Income before income taxes   151,696    3,048,469 
Income tax benefit (expense)   (124,662)   (596,732)
Net income  $27,034   $2,451,737 

 

18 

 

 

The following tables set forth our condensed consolidated statements of income data (as a percentage of revenue):

 

   Three Months Ended
September 30,		 
   2017   2016 
   (Unaudited)   (Unaudited) 
Revenue   100%   100%
   Cost of revenue – Direct revenue   (9)   (5)
   Selling expense   (18)   (11)
   General and administrative expenses   (74)   (30)
Total costs and expenses   (101)   (46)
Income from operations   (1)   54 
Interest and other income (loss), net   6    - 
Income before income taxes   5    54 
Income tax expense   (4)   (10)
Net income   1%   44%

 

Listing fee revenue was $1,455,498 and $2,968,534; commission revenue was $1,496,826 and $1,669,698, gross management fee revenue was $402,547 and $781,219, annual fee revenue was $140 and $440 , authorized agent subscription revenue was $nil and $322,318 for the three months ended September 30, 2017 and 2016, respectively.

 

(i)Listing fee revenue

 

Listing fee revenue is calculated based on a percentage of the listing value and transaction value of artworks. 

 

Listing value is the total offering price of an artwork when the ownership units are initially listed on our trading platform. We utilize an appraised value as a basis to determine the appropriate listing value for each artwork, or portfolio of artworks.

 

Takung Unit+ is a new unit trading platform for collectibles. It allows investors to buy and trade shared ownership units of portfolios of collectibles, however, unlike the Company's standard Unit trading platform, each Takung Unit+ portfolio will contain multiple numbers of the same item, and traders will have the option of direct ownership with physical delivery by trading the units they own for one or more of the items in the portfolio. Takung will collect listing fees on the initial listing values of new portfolios, commissions on trades made by investors using the platform, and management fees for the storage, transportation, and insurance of the items in the portfolio.

 

During the three months ended September 30, 2017, there were 6 sets of paintings and calligraphies, 9 pieces of precious stones, 1 pieces of jewelry and 1 set of Unit+ product listed on our platform. Their total listing values were $2,118,726 (HK$16,500,000) for the 6 sets of paintings and calligraphies, $1,132,555 (HK$ 8,820,000) for the 9 pieces of precious stones, $46,227 (HK$360,000) for the 1 pieces of jewelry and $152,578 (HK$1,188,000) for the 1 set of Unit+ product, of which 41.5%-47% (for the 6 sets of paintings and calligraphies), 26%-46% (for the 9 pieces of precious stones), 43% (for the 1 pieces of jewelry) and 30.3% (for the 1 set of Unit+ product) of the listed values were charged as listing fees, respectively.

 

Compared to the corresponding period ended September 30, 2016, there were 7 sets of paintings and calligraphies, 7 pieces of amber, 14 pieces of precious stones, 5 pieces of jewelry successfully listed on our system. The total listing values were $1,802,475 (HK$14,000,000) for the 7 sets of paintings and calligraphies, $2,974,083 (HK$23,100,000) for the 7 pieces of amber, $1,042,860 (HK$8,100,000) for the 14 pieces of precious stones, $746,739 (HK$5,800,000) for 5 pieces of jewelry, of which 47.75%-48% (for the 7 sets of paintings and calligraphies) ,46% (for the 7 pieces of amber), 32%-48.5% (for the 14 pieces of precious stones), 29%-48% (for the 5 pieces of jewelry) of the listed values were charged as listing fees, respectively.

 

The decrease in number of pieces listed, listing values and corresponding listing fees charged during the three months ended September 30, 2017 compared to the same period ended September 30, 2016 resulted in a decrease in listing fee revenue in the current period. The decrease in number of pieces listed was due to a new listing category (“A-tier”) implemented on July 3, 2017. A-tier is aim to meet an elevated set of standards including higher levels of liquidity, market value, number of owners and number of VIP traders. Therefore, the listing schedule of some artworks were deferred to a later time.

  

  (ii) Commission fee revenue

 

For non-VIP Traders, the commission revenue was calculated based on a percentage of transaction value of artworks, which we charge trading commissions for the purchase and sale of the ownership shares of the artworks. The commission is typically 0.3% of the total amount of each transaction, but as an initial promotion, we currently charge a reduced fee of 0.2% (resulting in an aggregate of 0.4% for both buy and sell transactions) of the total transaction amount with the minimum charge of $0.13 (HK$1). The commission is accounted for as revenue and immediately deducted from the proceeds from the sales of artwork units when a transaction is completed.

 

19 

 

 

For selected VIP Traders, we ran a discount program for them starting from April 1, 2015, when their trading volumes of the certain artworks reached an agreed level in each month, a contractually determined flat rate of trading commission was applied to the transactions of these certain artworks. Any trading commission charges incurred by the VIP Traders over the flat rate would be waived. The discounted rate varied between selected artworks. This discount program ended on March 31, 2016.

 

For selected Traders, starting from April 1, 2016, we charged a predetermined monthly fee (unlimited trades for specific artworks) for specific artworks. These Traders are selected by authorized agents and reviewed by us. After review, we negotiate individually with each one of them to determine a fixed monthly fee. Different Traders may have different rates but once negotiated and agreed to, the monthly fee is fixed.

   

Commission rebate programs are offered to Traders and service agents. We would rebate 5% of the commission earned from the transactions of new Traders referred by the existing Traders. The rebate rate was adjusted from 15% to 5%, starting from January 1, 2017. For service agents, we rebate a total of 40% to 60% of the commission earned from transactions with new Traders to the service agents when they bring in an agreed number of Traders to the trading platform. For service agents who have individual referrers referring Traders to us, we will, after rebating such individual referrers 15% of the commission earned from the transactions of new Traders they referred, deduct such 15% of the commission from the rebates payable to the service agents to which such individual referrers belong. The commission rebate is recognized as reduction of the commission revenue. The rebates and discounts are recognized as a reduction of revenue in the same period the related revenue is recognized.

 

In spite of this, total commission revenue decreased by $172,872 or 10% for the three months ended September 30, 2017 to $1,496,826 compared to $1,669,698 for the three months ended September 30, 2016 primarily because of the change in our commission fee policy and the decrease of transaction volume of non VIP traders and non-selected traders. From April 1, 2016 onwards, selected Traders pay a predetermined monthly fixed fee for their trades in specific artworks while our other non-VIP Traders continue to pay a commission calculated based on a percentage of transaction value of artworks.

  

  (iii) Management fee revenue

 

We charge Traders a management fee to cover the costs of insurance, storage, and transportation for an artwork and trading management of artwork units, which are calculated at $0.0013 (HK$0.01) per 100 artwork units per day. The management fee is deducted from proceeds from the sale of artwork units.

 

During the three-month period ended September 30, 2017, management fee revenue decreased by $378,672, from $781,219 for the three months ended September 30, 2016 to $402,547. From September 1, 2016, we waived management fees for certain VIP Traders. We recognized these promotions as a reduction of revenue, which was recognized upon the completion of the transactions. Although the listed artworks increased, the management fee decreased by the promotions.

 

  (iv) Other revenue

 

During the three-month period ended September 30, 2017, annual fee revenue decreased by $300, from $440 for the three-month period ended September 30, 2016 to $140.

 

(v) Authorized agent subscription revenue

 

Authorized agent subscription revenue was nil for the three-month period ended September 30, 2017 compared to $322,318 for the three-month period ended September 30, 2016. We have ceased charging new authorized agent with subscription revenue in order to encourage high quality authorized agent to sign up with our platform.

 

Cost of Revenue

 

Cost of revenue for the three months ended September 30, 2017 and 2016 was $292,168 and $285,252, respectively. Our cost of revenue primarily includes internet service fee, depreciation and amortization of hardware and software for our trading platform.

  

20 

 

  

Gross Profit

 

Gross profit was $3,062,843 for the three months ended September 30, 2017, compared to $5,456,957 for the three months ended September 30, 2016. The decrease was due to the less artworks listed on our platform, the change in our commission fee policy and the decrease of transaction volume of non VIP traders and non-selected traders.

 

Listing fees contributed 43.4% of the total revenue for the three months ended September 30, 2017 compared to 51.7% in the corresponding period in 2016, while commission revenue contributed 44.6% for the three months ended September 30, 2017 compared to 29% in the corresponding period in 2016. While there was a decrease in commission revenue in the current period, the negative factors were catalyzed by a decrease in listing fees due to less artworks listing on the platform during the current period. Consequently, we posted a comparable gross profit margin of 91% for the three months ended September 30, 2017 compared to 95% for the same period in 2016.

 

Operating Expenses

 

Selling expenses were $624,151, or 20% of net sales, for the three months ended September 30, 2017 compared to $652,207, or 12% of net sales, for the comparable period in 2016, a decrease by $28,056. Selling expenses consist primarily of marketing expenses.

 

General and administrative expenses for the three months ended September 30, 2017 were $2,498,848 compared to $1,744,965 for the three months ended September 30, 2016. The substantial increase was primarily due to an increase in salaries by $258,469 because of an increase in employee headcount, accrual of doubtful account by $241,248, office, insurance and rental expense by $141,281 and an increase in travelling expenses by $116,220 which were incurred to attend to the listing of our common stock on the NYSE American.

 

The following table sets forth the main components of the Company’s general and administrative expenses for the three months ended September 30, 2017 and 2016.

 

   Three months ended
September 30, 2017		   Three months ended
September 30, 2016		 
   (Unaudited)   (Unaudited) 
   Amount($)   % of Total   Amount($)   % of Total 
Consultancy fee  $46,059    2%  $92,809    5%
Legal and professional fees   218,066    9%   247,278    14%
Salary and welfare   1,008,736    40%   750,267    43%
Office, insurance and rental expenses   430,047    17%   288,766    17%
Non-deductible input VAT expenses   6,924    0%   -    -%
Traveling and accommodation fees   187,780    8%   71,560    4%
Share-based compensation   138,161    6%   186,928    11%
Bad debt expenses   241,248    10%   -    -%
Others   221,827    8%   107,357    6%
Total general and administrative expenses  $2,498,848    100.0%  $1,744,965    100.0%

  

Net Income

 

We had a net income for the three months ended September 30, 2017 of $27,034 compared to net income of $2,451,737 for the three months ended September 30, 2016.

 

The decrease in net income by $2,424,703 during this current period was primarily due to a decrease of revenue by $2,387,198 as discussed in the previous paragraphs.

 

21 

 

 

NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2017 COMPARED TO NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2016

 

Revenue

 

The following tables set forth our condensed consolidated statements of income data:

 

   Nine Months Ended
September 30,		 
   2017   2016 
   (Unaudited)   (Unaudited) 
Revenue  $10,545,677   $14,214,252 
Cost of revenue   (822,335)   (822,735)
Selling expense   (1,272,010)   (1,993,782)
General and administrative expenses   (7,311,128)   (5,076,689)
Total costs and expenses   (9,405,473)   (7,893,206)
Income from operations   1,140,204    6,321,046 
Interest and other income (loss), net   511,311    (279,336)
Income before income taxes   1,651,515    6,041,710 
Income tax expense   (594,377)   (1,377,078)
Net income  $1,057,138   $4,664,632 

 

The following tables set forth our condensed consolidated statements of income data (as a percentage of revenue):

 

   Nine Months Ended
September 30,		 
   2017   2016 
   (Unaudited)   (Unaudited) 
Revenue   100%   100%
   Cost of revenue – Direct revenue   (8)   (6)
   Selling expense   (12)   (14)
   General and administrative expenses   (69)   (36)
Total costs and expenses   (89)   (56)
Income from operations   11    44 
Interest and other income (loss), net   5    (2)
Income before income taxes   16    42 
Income tax expense   (6)   (10)
Net income   10%   32%

 

Listing fee revenue was $4,606,649 and $8,166,072; commission revenue was $4,970,651 and $3,739,958, gross management fee revenue was $967,518 and $1,341,294, annual fee revenue was $859 and $869, authorized agent subscription revenue was $nil and $966,059, for the nine months ended September 30, 2017 and 2016, respectively.

 

(i)Listing fee revenue

 

During the nine months ended September 30, 2017, there were 49 sets of artwork listed for trade on our platform —comprising 8 sets of paintings and calligraphies, with a total listing value of $2,632,356 (HK$20,500,000), 16 pieces of jewelry with a total listing value of $5,567,754 (HK$43,360,000), 23 pieces of precious stones with a total listing value of $3,212,759 (HK$25,020,000), 1 piece of porcelains with a total listing value of $38,522 (HK$300,000) and 1 set of Unit+ product which was listed in Unit+ trading platform, with a total listing value of $152,548 (HK$1,188,000), of which 41.5%-47% (for 8 sets of paintings and calligraphies), 33.5%-48% (for the 16 pieces of jewelry), 26%-47% (for the 23 pieces of precious stones), 46% (for the 1 pieces of porcelains) and 43% (for the 1 set of Unit+ product) of the listed values were charged as listing fees, respectively.

 

22 

 

 

Compared to the corresponding period ended September 30, 2016, there were 15 pieces of painting, 59 pieces of precious stones, 11 pieces of jewelry, 3 pieces of ivory, 18 pieces of amber and 2 pieces of porcelain pastel paintings successfully listed on our system. The total listing values were $3,349,005 (HK$26,000,000) for the 15 pieces of painting, $5,744,832 (HK$44,600,000) for the 59 pieces of precious stones, $1,816,191 (HK$14,100,000) for the 11 pieces of jewelry, $515,232 (HK$4,000,000) for the 3 pieces of ivory, $7,239,003 (HK$56,200,000) for the 18 pieces of amber, and $334,900 (HK$2,600,000) for the 2 pieces of porcelain pastel paintings, of which 47.75%-48% (for the 15 pieces of painting), 29%-48.5% (for the 59 pieces of precious stones), 29%-48% (for the 11 pieces of jewelry), 47% (for the 3 pieces of ivory), 45%-48% (for the 18 pieces of amber), and 45%-46% (for 2 pieces of porcelain pastel paintings ) of the relevant listed values were charged as listing fees, respectively.

 

The decrease in number of pieces listed, listing values and corresponding listing fees charged during the nine months ended September 30, 2017 compared to the same period ended September 30, 2016 resulted in a decrease in listing fee revenue in the current period. The decrease in number of pieces listed was due to a new listing category (“A-tier”) implemented on July 3, 2017. A-tier is aim to meet an elevated set of standards including higher levels of liquidity, market value, number of owners and number of VIP traders. Therefore, the rigorous listing requirements of A-tier led some artworks listing deferred.

 

  (ii) Commission fee revenue

 

Our trading volume and transaction value amounts increased significantly from 2015 when we commenced operations in Shanghai and consequently added a significant number of Traders from mainland China as they could now settle their trades in Renminbi. This trend continued into 2017. Trading volume increased by 193% and trading amount increased by 178% for the nine months ended September 30, 2017 compared to corresponding period in 2016.

    

In spite of this, total commission revenue increased by $1,230,693 or 33% for the nine months ended September 30, 2017 to $4,970,651 compared to $3,739,958 for the nine months ended September 30, 2016 primarily because of the change in our commission fee policy and the decrease of transaction volume of non VIP traders and non-selected traders . From April 1, 2016 onwards, selected Traders pay a predetermined monthly fixed fee for their trades in specific artworks while our other non-VIP Traders continue to pay a commission calculated based on a percentage of transaction value of artworks.

  

  (iii) Management fee revenue

 

During the nine month period ended September 30, 2017, management fee revenue decreased by $373,776, from $1,341,294 for the nine months ended September 30, 2016 to $967,518. From September 1, 2016, we waived management fees for certain VIP Traders. We recognized these promotions as a reduction of revenue, which was recognized upon the completion of the transactions.

 

  (iv) Other revenue

 

During the nine-month period ended September 30, 2017, annual fee revenue increased by $10, from $869 for the nine-month period ended September 30, 2016 to $859.

 

(v) Authorized agent subscription revenue

 

Authorized agent subscription revenue for the nine-month period ended September 30, 2017 was nil compared to $966,059 for the nine-month period ended September 30, 2016. We have ceased charging new authorized agent with subscription revenue in order to encourage high quality authorized agent to sign up with our platform.

 

Cost of Revenue

 

Cost of revenue for the nine months ended September 30, 2017 and 2016 was $822,335 and $822,735, respectively. Our cost of revenue primarily includes internet service fee, depreciation and amortization of hardware and software for our trading platform.

 

23 

 

 

In the third quarter of 2014, we entered into an agreement with a third party service provider, Shenzhen Qianrong Cultural Investment Development Co., Ltd (“Qianrong”), to provide software development services with a total contract amount of $902,592 (HK$6,995,000). The services contracted for are divided into different modules, according to different upgrades and new functionalities. As of September 30, 2017 and 2016, nine out of the ten modules have been completed and are operational. We capitalized (with a total cost of $1,069,853 (HK$8,295,000)) and amortized these costs once the modules were completed.

 

Gross Profit

 

Gross profit was $9,723,342 for the nine months ended September 30, 2017, compared to $13,391,517 for the nine months ended September 30, 2016. The decrease was due to the less artworks listed on our platform, the change in our commission fee policy and the decrease of transaction volume of non VIP traders and non-selected traders.

 

Operating Expenses

 

Selling expenses were $1,272,010, or 13% of net sales, for the nine months ended September 30, 2017 compared to $1,993,782 or 15% of net sales, for the comparable period in 2016, a decrease by 36%. Selling expenses consist primarily of marketing expenses.

 

General and administrative expenses for the nine months ended September 30, 2017 were $7,311,128 compared to $5,076,689 for the nine months ended September 30, 2016. The substantial increase by $2,234,439 or 44% was chiefly due to an increase in salaries by $1,314,324 because of an increase in employee headcount, accrual of doubtful accounts, by $241,248, office, insurance and rental expenses by $400,067 and an increase in travelling expenses by $495,715 which were incurred to attend to the listing of our common stock on the NYSE American.

 

The following table sets forth the main components of the Company’s general and administrative expenses for the nine months ended September 30, 2017 and 2016.

 

   Nine months ended
September 30, 2017		   Nine months ended
September 30, 2016		 
   (Unaudited)   (Unaudited) 
   Amount($)   % of Total   Amount($)   % of Total 
Consultancy fee  $187,230    3%  $361,610    7%
Legal and professional fees   733,466    10%   728,856    14%
Salary and welfare   3,166,679    43%   1,852,355    36%
Office, insurance and rental expenses   1,252,561    17%   852,494    17%
Non-deductible input VAT expense   16,369    -%   -    -%
Traveling and accommodation fees   679,950    9%   184,235    4%
Share-based compensation   562,184    8%   846,703    17%
Bad debt expenses   241,248    4%   -    -%
Others   471,441    6%   250,436    5%
Total general and administrative expenses  $7,311,128    100.0%  $5,076,689    100.0%

 

Net Income

 

We had a net income for the nine months ended September 30, 2017 of $1,057,138 compared to net income of $4,664,632 for the nine months ended September 30, 2016.

 

The decrease in net income by $3,607,494 during this current period was due to a fall of revenue by $3,668,575, and the increase of general and administrative expenses by $2,234,439 as discussed in the previous paragraphs.

 

24 

 

 

Liquidity and Capital Resources

 

The following tables set forth our condensed consolidated statements of cash flow:

 

   Nine months ended September 30 
   2017   2016 
   (Unaudited)   (Unaudited) 
Net cash provided by operating activities  $1, 028,524   $5,635,391 
Net cash used in investing activities   (561,510)   (1,276,378)
Net cash provided by financing activities   -    2,346,941 
Effect of exchange rate change on cash and cash equivalents   1,025,539    (644,375)
Net increase in cash and cash equivalents   1,492,553    6,061,579 
Cash and cash equivalents, beginning balance   13,395,337    10,769,456 
Cash and cash equivalents, ending balance  $14,887,890   $16,831,035 

 

Sources of Liquidity

 

During the nine months ended September 30, 2017, net cash generated from operating activities totaled $1,028,524. Net cash used in investing activities totaled $561,510. No cash was generated from financing activities during the period. The resulting change in cash for the period was an increase of $1,492,553. The cash balance at the beginning of the period was $13,395,337. The cash balance on September 30, 2017 was $14,887,890.

 

During the nine months ended September 30, 2016, net cash provided by operating activities totaled $5,635,391. Net cash used in investing activities totaled $1,276,378. Net cash provided by financing activities totaled $2,346,941. The resulting change in cash for the period was an increase of $6,061,579. The cash balance at the beginning of the period was $10,769,456. The cash balance on September 30, 2016 was $16,831,035.

 

As of September 30, 2017, the Company had $28,390,798 in total current liabilities, which comprised of $780,800 in accrued expense and other payables, $19,057,733 in customers’ deposits, $6,371,900 in short-term borrowings from third parties, $1,085,480 in amount due to related party and $1,094,885 in tax payables. As of December 31, 2016, the Company had $30,602,706 in total current liabilities, which included $608,883 in accrued expense and other accruals, $21,743,360 in customers’ deposits, $360,248 in advance from customers, $6,308,513 in short-term borrowings from third parties, $1,031,805 in amount due to related party and $549,897 in tax payables.

 

The Company had deferred tax liabilities as long-term liability of $45,301 as of September 30, 2017, and $62,618 as of December 31, 2016, respectively. The Company’s total liabilities as of September 30, 2017 and December 31, 2016 amounted to $28,436,099 and $30,665,324, respectively.

 

25 

 

 

The Company is aware of events or uncertainties which may affect its future liquidity because of capital controls in the PRC. The Renminbi is only currently convertible under the “current account”, which includes dividends, trade and service-related foreign exchange transactions, but not under the “capital account”, which includes foreign direct investment and loans, including loans we may secure from our onshore subsidiaries or variable interest entities. Currently, our PRC subsidiaries, which are wholly-foreign owned enterprises, may purchase foreign currency for settlement of “current account transactions”, including payment of dividends to us, without the approval of the State Administration of Foreign Exchange (“SAFE”) by complying with certain procedural requirements. However, the relevant PRC governmental authorities may limit or eliminate our ability to purchase foreign currencies in the future for current account transactions. The existing and future restrictions on currency exchange may limit our ability to utilize revenue generated in Renminbi to fund our business activities outside of the PRC or pay dividends in foreign currencies to our stockholders, including holders of our shares of common stock. Foreign exchange transactions under the capital account remain subject to limitations and require approvals from, or registration with, SAFE and other relevant PRC governmental authorities. This could affect our ability to obtain foreign currency through debt or equity financing for our PRC subsidiaries.

 

Applicable PRC law permits payment of dividends to us by our operating subsidiaries in China only out of their net income, if any, determined in accordance with PRC accounting standards and regulations. Our operating subsidiaries in China are also required to set aside a portion of their net income, if any, each year to fund general reserves for appropriations until such reserves have reached 50% of the subsidiary's registered capital. These reserves are not distributable as cash dividends. In addition, registered share capital and capital reserve accounts are also restricted from withdrawal in the PRC, up to the amount of net assets held in each operating subsidiary. In contrast, there is no foreign exchange control or restrictions on capital flows into and out of Hong Kong. Hence, our Hong Kong operating subsidiary is able to transfer cash without any limitation to the U.S. under normal circumstances.

 

If our operating subsidiaries were to incur additional debt on their own behalf in the future, the instruments governing the debt may restrict the ability of our operating subsidiaries to transfer cash to our U.S. investors.

 

Off-Balance Sheet Arrangements 

 

We have no off-balance sheet arrangements, including arrangements that would affect our liquidity, capital resources, market risk support, and credit risk support or other benefits.

 

Future Financings

 

We have always been generating sufficient cash from our operation to fund our business organically. However, we may conduct equity sales of our common shares in order to fund further expansion and growth of our business. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any sales of the equity securities to fund expansion and other activities, or if we are able, there is no guarantee that existing shareholders will not be substantially diluted. In essence, we do not need to rely on equity sales to fund our business operations.

 

Critical Accounting Policies

 

We regularly evaluate the accounting policies and estimates that we use to make budgetary and financial statement assumptions. A complete summary of these policies is included in the notes to our financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

 

See Note 2 to the financial statements included herewith and Note 2 to the financial statements on Form 10-K for the fiscal year ended December 31, 2016, previously filed with the SEC.

 

Recent Accounting Pronouncements

 

See Note 2 to the financial statements included herewith and Note 2 to the financial statements on Form 10-K for the fiscal year ended December 31, 2016, previously filed with the SEC.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

  

Not applicable.

  

26 

 

 

Item 4. Controls and Procedures.

 

Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures

 

We conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), under the supervision of and with the participation of our management, which presently comprises our Chief Executive Officer, Mr. Di Xiao and our Chief Financial Officer, Mr. Chun Hin Leslie Chow. Based upon that evaluation, the Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures as of September 30, 2017 were effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

  

Changes in Internal Controls over Financial Reporting 

 

There were no changes in our internal control over financial reporting that occurred during our fiscal quarter ended September 30, 2017 that materially affected, or are reasonably likely to materially affect our internal control over financial reporting.

 

27 

 

 

PART II - OTHER INFORMATION

 

Item 1. Legal Proceedings.

 

None.

 

Item 1A. Risk Factors

 

Not applicable.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

 

None.

 

Item 3. Defaults Upon Senior Securities.

 

None.

 

Item 4. Mine Safety Disclosures.

 

Not applicable.

 

Item 5. Other Information.

 

Not applicable.

 

Item 6. Exhibits.

 

Copies of the following documents are included as exhibits to this report pursuant to Item 601 of Regulation S-K.

 

Exhibit No.   Description
     
3.1   Certificate of Incorporation (1)
3.2   By-laws of the Company (1)
3.3   Certificate of Amendment of the Certificate of Incorporation (1)
3.4   Certificate of Amendment of the Certificate of Incorporation (1)
3.5   Certificate of Amendment (2)
3.6   Certificate of Amendment of the Certificate of Incorporation (4)
3.7   Certificate of Incorporation of Hong Kong Takung Assets and Equity Artworks Exchange Co., Ltd.(3)
3.8   Articles of Association of Hong Kong Takung Assets and Equity Artworks Exchange Co., Ltd.(3)

3.9   Certificate of Change of Name of Hong Kong Takung Assets and Equity Artworks Exchange Co., Ltd.*

31.1   Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
31.2   Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
32.1   Certification of the Principal Executive Officer pursuant to U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.**
101.INS   XBRL Instance Document*
101.SCH   XBRL Taxonomy Extension Schema Document*
101.CAL   XBRL Taxonomy Calculation Linkbase Document*
101.DEF   XBRL Taxonomy Extension Definition Linkbase Document*
101.LAB   XBRL Taxonomy Label Linkbase Document*
101.PRE   XBRL Taxonomy Presentation Linkbase Document*

 

  (1) Incorporated by reference to the exhibit to our registration statement on Form S-1 filed with the SEC on August 16, 2011.

 

  (2) Incorporated by reference to the exhibit to our current report on Form 8-K filed with the SEC on March 7, 2013.

 

  (3) Incorporated by reference to the exhibit to our current report on Form 8-K filed with the SEC on October 22, 2014.

 

  (4) Incorporated by reference to the exhibit to our current report on Form 8-K filed with the SEC on November 6, 2014.

 

*Filed herewith.

**Furnished herewith.

 

28 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  TAKUNG ART CO., LTD
     
Date: November 14, 2017 By:   /s/ Di Xiao
    Di Xiao
    Chief Executive Officer
    (Principal Executive Officer) and Director
     
Date: November 14, 2017 By: /s/ Chun Hin Leslie Chow
    Chun Hin Leslie Chow
    Chief Financial Officer
    (Principal Financial Officer and Principal Accounting Officer)

 

29 

 EX-3.9 2 tv478687_ex3-9.htm EXHIBIT 3.9

Exhibit 3.9

 

 

 

 

 EX-31.1 3 tv478687_ex31-1.htm EXHIBIT 31.1

 

Exhibit 31.1

 

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Di Xiao, certify that:

 

  (1) I have reviewed this report on Form 10-Q of Takung Art Co., Ltd;
     
  (2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

  (3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects, the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
     
  (4) The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  d) Disclosed in the report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

  (5) The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 14, 2017  
  /s/ Di Xiao
  Di Xiao
  Chief Executive Officer
  (Principal Executive Officer)

 

 

 EX-31.2 4 tv478687_ex31-2.htm EXHIBIT 31.2

 

Exhibit 31.2

 

CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Chun Hin Leslie Chow, certify that:

 

  (1) I have reviewed this report on Form 10-Q of Takung Art Co., Ltd;
     
  (2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

  (3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects, the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
     
  (4) The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  d) Disclosed in the report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

  (5) The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 14, 2017  
  /s/ Chun Hin Leslie Chow
  Chun Hin Leslie Chow
  Chief Financial Officer
  (Principal Financial Officer and Principal Accounting Officer)

 

 

 EX-32.1 5 tv478687_ex32-1.htm EXHIBIT 32.1

 

Exhibit 32.1

 

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO 18 U.S. C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Takung Art Co., Ltd (the “Company”) on Form 10-Q for the quarter ended September 30, 2017 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), we, Di Xiao, Chief Executive Officer and President, and Chun Hin Leslie Chow, Chief Financial Officer, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to our knowledge:

 

  (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: November 14, 2017  
   
 

 

/s/ Di Xiao

  Di Xiao
  Chief Executive Officer
  (Principal Executive Officer)

 

 

 

/s/ Chun Hin Leslie Chow

  Chun Hin Leslie Chow
  Chief Financial Officer
  (Principal Accounting and Financial Officer)

 

 

 EX-101.INS 6 tkat-20170930.xml XBRL INSTANCE DOCUMENT 0001491487 2016-01-01 2016-09-30 0001491487 2016-01-01 2016-12-31 0001491487 2017-01-01 2017-09-30 0001491487 2016-07-01 2016-09-30 0001491487 2017-07-01 2017-09-30 0001491487 2017-09-30 0001491487 2017-11-14 0001491487 2016-12-31 0001491487 2015-12-31 0001491487 2016-09-30 0001491487 tkat:RegenerationMember 2017-03-02 2017-03-22 0001491487 country:HK 2017-01-01 2017-09-30 0001491487 tkat:PrcMember 2017-01-01 2017-09-30 0001491487 tkat:MaoMember 2017-09-30 0001491487 tkat:MaoMember 2016-12-31 0001491487 tkat:ShortTermDebtTwoMember 2017-01-01 2017-09-30 0001491487 tkat:ShortTermDebtThreeMember 2017-01-01 2017-09-30 0001491487 tkat:ShortTermDebtFourMember 2017-01-01 2017-09-30 0001491487 tkat:ShortTermDebtOneMember 2017-09-30 0001491487 tkat:ShortTermDebtTwoMember 2017-09-30 0001491487 tkat:ShortTermDebtThreeMember 2017-09-30 0001491487 tkat:ShortTermDebtFourMember 2017-09-30 0001491487 tkat:ShortTermDebtOneMember 2016-12-31 0001491487 tkat:ShortTermDebtTwoMember 2016-12-31 0001491487 tkat:ShortTermDebtThreeMember 2016-12-31 0001491487 tkat:ShortTermDebtFourMember 2016-12-31 0001491487 tkat:ShortTermDebtOneMember 2017-01-01 2017-09-30 0001491487 tkat:LoanReceivableOneMember 2017-01-01 2017-09-30 0001491487 tkat:LoanReceivableTwoMember 2017-01-01 2017-09-30 0001491487 tkat:LoanReceivableThreeMember 2017-01-01 2017-09-30 0001491487 tkat:LoanReceivableFourMember 2017-01-01 2017-09-30 0001491487 tkat:LoanReceivableFiveMember 2017-01-01 2017-09-30 0001491487 tkat:LoanReceivableOneMember 2017-09-30 0001491487 tkat:LoanReceivableTwoMember 2017-09-30 0001491487 tkat:LoanReceivableThreeMember 2017-09-30 0001491487 tkat:LoanReceivableFourMember 2017-09-30 0001491487 tkat:LoanReceivableFiveMember 2017-09-30 0001491487 tkat:LoanReceivableOneMember 2016-12-31 0001491487 tkat:LoanReceivableTwoMember 2016-12-31 0001491487 tkat:LoanReceivableThreeMember 2016-12-31 0001491487 tkat:LoanReceivableFourMember 2016-12-31 0001491487 tkat:LoanReceivableFiveMember 2016-12-31 0001491487 tkat:ListingFeeMember 2017-09-30 0001491487 tkat:ListingFeeMember 2016-12-31 0001491487 tkat:AuthorizedAgentSubscriptionRevenueMember 2017-09-30 0001491487 tkat:AuthorizedAgentSubscriptionRevenueMember 2016-12-31 0001491487 tkat:MonthlyCommissionFeeMember 2017-09-30 0001491487 tkat:MonthlyCommissionFeeMember 2016-12-31 0001491487 tkat:OthersMember 2017-09-30 0001491487 tkat:OthersMember 2016-12-31 0001491487 tkat:TakungShanghaiCoLtdMember 2017-01-01 2017-09-30 0001491487 tkat:HongkongTakungAssetsAndEquityOfArtworksExchangeCoLtdMember 2017-01-01 2017-09-30 0001491487 tkat:TakungCulturalDevelopmentTianjinCoLtdMember 2017-09-30 0001491487 tkat:TakungShanghaiCoLtdMember 2017-09-30 0001491487 tkat:TakungCulturalDevelopmentTianjinCoLtdMember 2017-01-01 2017-09-30 0001491487 country:HK 2016-01-01 2016-09-30 0001491487 us-gaap:AccountsReceivableMember 2017-01-01 2017-09-30 0001491487 tkat:MaoMember 2017-01-01 2017-09-30 0001491487 us-gaap:LoansReceivableMember 2017-01-01 2017-09-30 0001491487 tkat:JianpingMaoMember 2017-09-30 0001491487 tkat:MeritCrownMember 2017-09-30 0001491487 tkat:JianpingMaoMember 2017-01-01 2017-09-30 0001491487 tkat:JianpingMaoMember 2016-01-01 2016-09-30 0001491487 tkat:JianpingMaoMember 2017-07-01 2017-09-30 0001491487 tkat:JianpingMaoMember 2016-07-01 2016-09-30 0001491487 tkat:JianpingMaoMember 2016-09-30 0001491487 us-gaap:CommonStockMember 2017-07-01 2017-09-30 xbrli:shares iso4217:USD iso4217:USD xbrli:shares iso4217:HKD iso4217:CNY xbrli:pure 14887890 13395337 45355046 45539757 2104107 2065182 48309643 48298021 19873544 17632697 48309643 48298021 28390798 30602706 28436099 30665324 19057733 21743360 3732569 3058568 20394 20546 19057733 21743360 1085480 1031805 1094885 549897 45301 62618 45301 62618 5928455 5532426 14229809 13172671 -295909 -1083569 11189 11169 2954597 2758264 870231 968446 535420 428764 780800 608883 6806623 6374046 294676 243772 0 360248 6371900 6308513 1140204 6321046 1651515 6041710 1057138 4664632 9723342 13391517 822335 822735 7311128 5076689 594377 1377078 787660 18322 1844798 4682954 440470 314268 1272010 1993782 4606649 8166072 4970651 3739958 0 966059 967518 1341294 859 869 10545677 14214252 0.10 0.44 0.09 0.41 11039880 10632276 11398082 11277845 455762 62670 511311 -279336 526603 -530934 -60156 3059785 151696 3048469 27034 2451737 3062843 5456957 292168 285252 2498848 1744965 124662 596732 311485 10172 338519 2461909 186259 163738 624151 652207 1455498 2968534 1496826 1669698 0 322318 402547 781219 140 440 3355011 5742209 0.00 0.23 0.00 0.22 11188882 10632276 11248688 11365597 152059 62670 211852 -11316 177652 -112384 1028524 5635391 1492553 6061579 10769456 16831035 136453 562994 212954 0 -561510 -1276378 1025539 -644375 455255 976460 53501874 299918 53501874 0 3518325 0 3412070 0 0 14995876 59806 733321 358202 645569 487000 487000 761175 223026 39999 15030 53232 1337422 293338 199514 721492 428440 662598 1561728 -68221 -184650 159281 684801 -34619 -88069 962012 2212890 0.165 0.25 -994688 -271806 -100789 -32742 -452433 -603847 -502998 -25030 -25896 -11117 -146994 -107122 73258 24505 230651 254199 1085480 1031805 1085480 1031805 Hong Kong Takung Hong Kong Takung Hong Kong Takung 0.08 0.08 0.08 0.08 11700000 15596100 11479102 11787600 1509015 2011518 1480525 1520314 1497888 1996684 1469607 1509103 Hong Kong Takung 0.08 6419099 1678803 133174 62670 394295 62670 19972 49952 297461 290773 295722 141022 54688 61735 89235 65401 23722 0 157736 100386 402597 298965 3220318 2802430 3780651 3201781 1676544 1136599 190626 133608 538532 373308 Xiaohui Wang Xiaohui Wang Xiaohui Wang Xiaohui Wang Shanghai Takung Shanghai Takung Shanghai Takung Tianjin Takung 0 0 0 0 Xiaohui Wang Tianjin Takung 0 0 1544346 1585680 3676597 1451822 1922800 1479908 1519516 0 0 10080000 13350000 10275000 10550000 24461505 1562924 1403255 924100 995453 1422750 605677 63323 54183 240528 0 78784 17514 438741 296163 19916 72997 54875 31082 0 259254 11263 28806 39153 201808 144706 0 82793 60822 2015-07-28 2012-09-17 1000000 10-Q false 2017-09-30 2017 Q3 Takung Art Co., Ltd. 0001491487 --12-31 Smaller Reporting Company TKAT 11188882 1000000000 1000000000 0.001 11188882 11188882 11169276 11169276 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="center"></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <b><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">1. ORGANIZATION AND DESCRIPTION OF BUSINESS</font></b></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Takung Art Co., Ltd and Subsidiaries (&#8220;Takung&#8221;, the &#8220;Company&#8221;, &#8220;we&#8221;, &#8220;us&#8221; and &#8220;our&#8221;), a Delaware corporation (formerly Cardigant Medical Inc.) through Hong Kong Takung Art Company Limited (formerly Hong Kong Takung Assets and Equity of Artworks Exchange Co., Ltd.) (&#8220;Hong Kong Takung&#8221;), a Hong Kong company and our wholly owned subsidiary, operates an electronic online platform located at www.takungae.com for artists, art dealers and art investors to offer and trade in valuable artwork.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Hong Kong Takung was incorporated in Hong Kong on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">September 17, 2012</font> and operates an electronic online platform for offering and trading artwork. For the period from September 17, 2012 (inception) to December 31, 2012, there was no operation except the issuance of shares for subscription receivable. We generate revenue from our services in connection with the offering and trading of artwork on our system, primarily consisting of listing fees, trading commissions, and management fees. We conduct our business primarily in Hong Kong, People&#8217;s Republic of China.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Takung (Shanghai) Co., Ltd (&#8220;Shanghai Takung&#8221;) is a limited liability company, with a registered capital of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1</font> million, located in the Shanghai Pilot Free Trade Zone. Shanghai Takung was incorporated on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">July 28, 2015</font>. It is engaged in providing services to its parent company Hong Kong Takung by receiving deposits from and making payments to online artwork traders of Takung for and on behalf of Takung.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Shanghai Takung set up a new office in Hangzhou, PRC on November 20, 2016 for technology development. Takung Cultural Development (Tianjin) Co., Ltd (&#8220;Tianjin Takung&#8221;) is a limited liability company, with a registered capital of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1</font> million located in Pilot Free Trade Zone. Tianjin Takung was incorporated on January 27, 2016.&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Tianjin Takung provides technology support services to Hong Kong Takung and Shanghai Takung and also carries out marketing and promotion activities in mainland China.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 1000000 2016-01-27 Hong Kong Shanghai Takung Tianjin Takung <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> <strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">6. PROPERTY AND EQUIPMENT, NET</font></strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">&#160;&#160;&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Property and equipment consisted of the following:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>December&#160;31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>Furniture, fixtures and equipment</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>157,736</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>100,386</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>Leasehold improvements</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>402,597</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>298,965</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>Computer trading and clearing system</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,220,318</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2,802,430</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>Sub-total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,780,651</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,201,781</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>Less: accumulated depreciation</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,676,544)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,136,599)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>Property and equipment, net</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>2,104,107</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>2,065,182</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> Depreciation expense amounted to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">190,626</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">133,608</font> for the three months ended September 30, 2017 and 2016, respectively, and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">538,532</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">373,308</font> for the nine months ended September 30, 2017 and 2016, respectively.</font></div> </div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Property and equipment consisted of the following:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>December&#160;31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>Furniture, fixtures and equipment</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>157,736</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>100,386</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>Leasehold improvements</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>402,597</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>298,965</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>Computer trading and clearing system</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,220,318</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2,802,430</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>Sub-total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,780,651</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,201,781</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>Less: accumulated depreciation</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,676,544)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,136,599)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div>Property and equipment, net</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>2,104,107</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>2,065,182</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <b><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></b><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">&#160;&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <u><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Basis of Presentation</font></u></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The accompanying condensed consolidated balance sheet as of December 31, 2016, which has been derived from audited financial statements, and the unaudited interim condensed consolidated financial statements as of September 30, 2017 and for the three months ended and nine months ended September 30, 2017 and 2016 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the &#8220;SEC&#8221;). Certain information and disclosures, which are normally included in financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to such rules and regulations, although the management believes that the disclosures made are adequate to provide for fair presentation. The interim financial information should be read in conjunction with the Financial Statements and the notes thereto included in the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, previously filed with the SEC.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company&#8217;s financial statements are expressed in U.S. dollars.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company&#8217;s unaudited interim condensed consolidated financial position as of September 30, 2017, its consolidated results of operations and cash flows for the nine-month periods ended September 30, 2017 and 2016, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><u><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></u></div> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <u><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></u></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> </font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> 7.</font></strong> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> <strong>ACCRUED EXPENSES AND OTHER PAYABLES</strong></font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></strong></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Accrued expenses and other payables as of September 30, 2017 and December 31, 2016 consisted of:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: #9eb6ce 0px solid; BORDER-LEFT: #9eb6ce 0px solid; MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: #9eb6ce 0px solid; BORDER-RIGHT: #9eb6ce 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>December&#160;31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Trading and clearing system</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>54,688</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>61,735</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Accruals for professional fees</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>19,972</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>49,952</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Accruals for consulting fees</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>297,461</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>290,773</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Payroll payables</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>295,722</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>141,022</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Accruals for business trip expense</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>23,722</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Other payables</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>89,235</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>65,401</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Total accrued expenses and other payables</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>780,800</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>608,883</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Accrued expenses and other payables as of September 30, 2017 and December 31, 2016 consisted of:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: #9eb6ce 0px solid; BORDER-LEFT: #9eb6ce 0px solid; MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: #9eb6ce 0px solid; BORDER-RIGHT: #9eb6ce 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>December&#160;31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Trading and clearing system</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>54,688</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>61,735</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Accruals for professional fees</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>19,972</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>49,952</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Accruals for consulting fees</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>297,461</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>290,773</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Payroll payables</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>295,722</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>141,022</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Accruals for business trip expense</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>23,722</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Other payables</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>89,235</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>65,401</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Total accrued expenses and other payables</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>780,800</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>608,883</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">12. EARNINGS PER SHARE</font></strong></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and dilutive potential common shares outstanding during the period.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both"> For&#160;the&#160;Three&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both"> For&#160;the&#160;Nine&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both">September&#160;30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both">September&#160;30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Numerator:</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Net income</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">27,034</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">2,451,737</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,057,138</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">4,664,632</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Denominator:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Weighted-average shares outstanding</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Weighted-average shares outstanding - Basic</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,188,882</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">10,632,276</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,039,880</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">10,632,276</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Stock options and restricted shares</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">59,806</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">733,321</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">358,202</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">645,569</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Weighted-average shares outstanding - Diluted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,248,688</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,365,597</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,398,082</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,277,845</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Earnings per share</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">-Basic</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.23</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.10</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.44</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">-Diluted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.22</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.09</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.41</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> </font>&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">For the three months ended September 30, 2017, the diluted earnings per share calculation did not include options to purchase up to 109,160 shares of the Company's common stock, because they were out of money. It has no such impact for three months ended September 30, 2016, nine months ended September 30, 2017 and 2016 respectively.</div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">There were dilutive effects of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 487,000</font></font> shares for the nine months period ended September 30, 2017 and 2016. The <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 487,000</font> restricted shares of Common Stock (the &#8220;Compensation Shares&#8221;) related to the Consulting Agreement with Regeneration Capital Group, LLC (&#8220;Regeneration&#8221;) were placed in an escrow account and were subject to Regeneration&#8217;s performance condition. The shares were released from escrow account and transferred to Regeneration since the Company successfully listed on NYSE on March 22, 2017.</font></div> </div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and dilutive potential common shares outstanding during the period.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both"> For&#160;the&#160;Three&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both"> For&#160;the&#160;Nine&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both">September&#160;30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both">September&#160;30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Numerator:</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Net income</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">27,034</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">2,451,737</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,057,138</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">4,664,632</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Denominator:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Weighted-average shares outstanding</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Weighted-average shares outstanding - Basic</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,188,882</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">10,632,276</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,039,880</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">10,632,276</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Stock options and restricted shares</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">59,806</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">733,321</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">358,202</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">645,569</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Weighted-average shares outstanding - Diluted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,248,688</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,365,597</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,398,082</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,277,845</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">Earnings per share</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">-Basic</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.23</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.10</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.44</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div style="CLEAR:both;CLEAR: both">-Diluted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.22</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.09</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">0.41</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 487000 244960 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The total future minimum lease payments under the non-cancellable operating lease with respect to the office&#160;and the dormitory as of September 30, 2017 are payable as follows:&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Three months ending December 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>244,960</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Year ending December 31, 2018</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>761,175</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Year ending December 31, 2019</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>223,026</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Year ending December 31, 2020</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>39,999</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Year ending December 31, 2021</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>15,030</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Year ending December 31, 2022 and thereafter</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>53,232</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,337,422</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">11. COMMITMENTS AND CONTINGENCIES</font></strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><u><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Operation Commitments</font></u></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>The total future minimum lease payments under the non-cancellable operating lease with respect to the office&#160;and the dormitory as of September 30, 2017 are payable as follows:&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Three months ending December 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>244,960</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Year ending December 31, 2018</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>761,175</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Year ending December 31, 2019</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>223,026</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Year ending December 31, 2020</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>39,999</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Year ending December 31, 2021</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>15,030</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Year ending December 31, 2022 and thereafter</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>53,232</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="87%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,337,422</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0in; MARGIN: 0in; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Rental expense of the Company was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">293,338</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">199,514</font> for the three months ended September 30, 2017 and 2016, respectively, and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">721,492</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">428,440</font> for the nine months ended September 30, 2017 and 2016, respectively.</font></div> </div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The income tax provision consists of the following components:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>For&#160;the&#160;Three&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>For&#160;the&#160;Nine&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Current</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>159,281</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>684,801</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>662,598</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,561,728</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Deferred</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(34,619)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(88,069)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(68,221)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(184,650)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Total provision for income taxes</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>124,662</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>596,732</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>594,377</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,377,078</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">A reconciliation between the Company&#8217;s actual provision for income taxes and the provision at the statutory rate is as follow:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>For&#160;the&#160;Three&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>For&#160;the&#160;Nine&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Income before income tax expense</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>151,697</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,048,469</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,651,515</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6,041,710</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Computed tax expense with statutory tax rate</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>25,030</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>502,998</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>271,806</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>994,688</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Impact of different tax rates in other jurisdictions</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(73,258)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(24,505)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(230,651)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(254,199)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Non-deductible items:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Tax effect of non-deductible expenses</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>25,896</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>11,117</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>100,789</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>32,742</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Changes in valuation allowance</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>146,994</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>107,122</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>452,433</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>603,847</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Actual income tax expense</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>124,662</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>596,732</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>594,377</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,377,078</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 4008459 0.165 0.822 0.196 0.360 0.228 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> <strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">3. PREPAYMENT AND OTHER CURRENT ASSETS</font></strong></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> <strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></strong></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Prepayment and other current assets mainly consist of the prepaid services for development, maintenance of online trading system, the advertising and promotional services, prepaid financial advisory and banking services, as well as other current assets.&#160;<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></font></div> <strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">&#160;</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>December&#160;31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Advertising and promotional services</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>438,741</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>296,163</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Prepaid professional fee</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>144,706</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Prepaid rental expense</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>82,793</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>60,822</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Prepaid insurance</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>54,875</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>31,082</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Prepaid maintenance of trading system</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>78,784</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>17,514</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Staff advance</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>11,263</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>28,806</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Prepaid financial advisory and banking services</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>39,153</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>201,808</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Short-term borrowings to third party</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>259,254</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Other current assets</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>19,916</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>72,997</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Prepayment and other current assets</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>870,231</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>968,446</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> Account receivables consisted of the following: <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">September&#160;30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">December&#160;31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Listing fee</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,562,924</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,403,255</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Authorized agent subscription revenue</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">924,100</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">995,453</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Monthly commission fee</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,422,750</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">605,677</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Others</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">63,323</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">54,183</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Less: allowance for doubtful accounts</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">(240,528)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Account receivables, net</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">3,732,569</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">3,058,568</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Amount due to related party consisted of the following as of the periods indicated:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; size: 8.5in 11.0in"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">December&#160;31,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div style="CLEAR:both;CLEAR: both">Mao (a)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,085,480</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,031,805</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div style="CLEAR:both;CLEAR: both">Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,085,480</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,031,805</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160; <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></div> </td> </tr> </table> </div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif ">&#160;</div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">(a) Jianping Mao (&#8220;Mao&#8221;), the wife of the Vice General Manager of Hong Kong Takung.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 101382 212859 2016-07-15 2016-08-24 2016-11-18 2016-12-09 Merit Crown Limited Merit Crown Limited Merit Crown Limited Merit Crown Limited 2017-12-31 2017-12-31 2017-10-31 2017-11-30 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> The following table sets forth a summary of the loan agreements in loan receivables balance: <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: #9eb6ce 0px solid; BORDER-LEFT: #9eb6ce 0px solid; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: #9eb6ce 0px solid; BORDER-RIGHT: #9eb6ce 0px solid" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="18%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>Original</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>December&#160;31,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>Annual</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="3%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="18%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>Amount</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>Interest</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="3%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>Repayment</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>Date</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="18%"> <div>Borrower</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%"> <div>Lender</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>(RMB)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>(USD)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>(USD)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>Rate</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="3%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>Due&#160;Date</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="18%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="13%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="8%"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7/15/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div>Xiaohui Wang</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="13%"> <div>Shanghai Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>10,080,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>1,451,822</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3/31/2017</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>8/24/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div>Xiaohui Wang</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="13%"> <div>Shanghai Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>13,350,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>1,922,800</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3/31/2017</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>11/14/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div>Xiaohui Wang</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="13%"> <div>Shanghai Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>10,275,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>1,544,346</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>1,479,908</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>10/31/2017</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>12/9/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div>Xiaohui Wang</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="13%"> <div>Tianjin Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>10,550,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>1,585,680</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>1,519,516</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>11/30/2017</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1/4/2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div>Xiaohui Wang</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="13%"> <div>Tianjin Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>24,461,505</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>3,676,597</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>12/31/2017</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="13%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>6,806,623</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>6,374,046</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 6806623 6374046 2016-07-15 2016-08-24 2016-11-14 2016-12-09 2017-01-04 2017-03-31 2017-03-31 2017-10-31 2017-11-30 2017-12-31 0 14995876 0 3519580 0 2340895 0 2346941 0 3513534 8000000 478685 0.08 20 taxable years 0.01 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">10. INCOME TAXES</font></strong></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;&#160;&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt" align="justify"><i><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">United States of America</font></i><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">As of September 30, 2017 and December 31, 2016, the Company in the United States had $4,008,459 and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2,212,890</font> in net operating loss carried forward available to offset future taxable income, respectively. Federal net operating losses can generally be carried forward twenty years. The federal corporate net operating loss carryover is expired in 20 taxable years following the taxable year of the loss.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The Company believes that it is more likely than not that these net accumulated operating losses will not be utilized in the future. Therefore, the Company has provided a full valuation allowance for the deferred tax assets arising from the losses at the U.S. during the nine months ended September 30, 2017 and year ended December 31, 2016 amounting to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1,414,445</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">962,012</font>, respectively. Accordingly, the Company has no net deferred tax assets under the US entity.</font></div> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> <i><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Hong Kong</font></i></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The provision for current income taxes of the subsidiary operating in Hong Kong has been calculated by applying the current rate of taxation of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 16.5</font>% for the nine months ended September 30, 2017 and 2016, if applicable.</font></div> <i><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">&#160;</font></i></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <i><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> PRC</font></i></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">In accordance with the relevant tax laws and regulations of the PRC, a company registered in the PRC is subject to income taxes within the PRC at the applicable tax rate on taxable income. All the PRC subsidiaries were subject to income tax at a rate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 25</font>%.</font></div> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>The income tax provision consists of the following components:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>For&#160;the&#160;Three&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>For&#160;the&#160;Nine&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Current</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>159,281</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>684,801</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>662,598</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,561,728</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Deferred</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(34,619)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(88,069)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(68,221)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(184,650)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Total provision for income taxes</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>124,662</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>596,732</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>594,377</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,377,078</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>A reconciliation between the Company&#8217;s actual provision for income taxes and the provision at the statutory rate is as follow:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>For&#160;the&#160;Three&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>For&#160;the&#160;Nine&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="24%" colspan="6"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Income before income tax expense</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>151,697</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,048,469</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,651,515</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6,041,710</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Computed tax expense with statutory tax rate</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>25,030</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>502,998</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>271,806</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>994,688</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Impact of different tax rates in other jurisdictions</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(73,258)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(24,505)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(230,651)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(254,199)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Non-deductible items:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Tax effect of non-deductible expenses</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>25,896</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>11,117</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>100,789</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>32,742</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Changes in valuation allowance</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>146,994</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>107,122</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>452,433</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>603,847</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%"> <div>Actual income tax expense</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>124,662</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>596,732</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>594,377</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,377,078</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The Company's effective tax rate was <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 82.2</font>%&#160;and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 19.6</font>% for the three months ended September 30, 2017 and 2016, respectively, and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 36.0</font>%&#160;and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 22.8</font>% for the nine months ended September 30, 2017 and 2016, respectively.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Prepayment and other current assets mainly consist of the prepaid services for development, maintenance of online trading system, the advertising and promotional services, prepaid financial advisory and banking services, as well as other current assets.&#160;<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></font></div> <strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">&#160;</font></strong> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>December&#160;31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Advertising and promotional services</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>438,741</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>296,163</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Prepaid professional fee</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>144,706</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Prepaid rental expense</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>82,793</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>60,822</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Prepaid insurance</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>54,875</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>31,082</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Prepaid maintenance of trading system</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>78,784</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>17,514</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Staff advance</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>11,263</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>28,806</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Prepaid financial advisory and banking services</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>39,153</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>201,808</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Short-term borrowings to third party</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>259,254</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Other current assets</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>19,916</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>72,997</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div>Prepayment and other current assets</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>870,231</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>968,446</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 1414445 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">5. LOAN RECEIVABLES</font></strong></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></strong></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>The following table sets forth a summary of the loan agreements in loan receivables balance:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: #9eb6ce 0px solid; BORDER-LEFT: #9eb6ce 0px solid; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: #9eb6ce 0px solid; BORDER-RIGHT: #9eb6ce 0px solid" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="18%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>Original</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>December&#160;31,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>Annual</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="3%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="18%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>Amount</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>Interest</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="3%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>Repayment</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>Date</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="18%"> <div>Borrower</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%"> <div>Lender</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>(RMB)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>(USD)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>(USD)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div>Rate</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="3%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>Due&#160;Date</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="18%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="13%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="8%"> <div>(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7/15/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div>Xiaohui Wang</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="13%"> <div>Shanghai Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>10,080,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>1,451,822</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3/31/2017</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>8/24/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div>Xiaohui Wang</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="13%"> <div>Shanghai Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>13,350,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>1,922,800</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3/31/2017</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>11/14/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div>Xiaohui Wang</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="13%"> <div>Shanghai Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>10,275,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>1,544,346</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>1,479,908</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>10/31/2017</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>12/9/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div>Xiaohui Wang</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="13%"> <div>Tianjin Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>10,550,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>1,585,680</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>1,519,516</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>11/30/2017</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1/4/2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div>Xiaohui Wang</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="13%"> <div>Tianjin Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>24,461,505</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>3,676,597</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>12/31/2017</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="13%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>6,806,623</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>6,374,046</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="3%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>&#160;&#160;&#160; <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">All the transactions were aimed to meet the Company&#8217;s working capital needs in US Dollar, which is freely convertible to Hong Kong Dollar.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> &#8226;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> The interest-free loans (the &#8220;RMB Loans&#8221;) that Shanghai Takung and Tianjin Takung entered were guaranteed by Chongqing Wintus (New Star) Enterprises Group (&#8220;Chongqing&#8221;). Xiaohui Wang (&#8220;Ms. Wang&#8221;) is a national of the People&#8217;s Republic of China. Ms. Wang is a shareholder and the legal representative of Chongqing. Both Chongqing and Ms. Wang are the non-related parties to the Company.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> &#8226;</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> In the meantime, Hong Kong Takung entered into loan agreements (the &#8220;US Dollar Loans&#8221;) with Merit Crown Limited, a Hong Kong company (&#8220;Merit Crown) with interest accruing at a rate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8</font>% per annum (See Note 8). Merit Crown is a non-related party to the Company.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> </font>&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Through an understanding between Ms. Wang and Merit Crown, the US Dollar Loans are &#8220;secured&#8221; by the RMB Loans. It is the understanding between the parties that when the US Dollar Loans are repaid, the RMB Loans will be repaid at the same time.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 0.08 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">The following table sets forth a summary of the loan agreements in loan receivables balance:</font></font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">December&#160;31,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Original&#160;Amount</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Annual</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Repayment</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both">Date</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="18%"> <div style="CLEAR:both;CLEAR: both">Borrower</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div style="CLEAR:both;CLEAR: both">Lender</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(HKD)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(USD)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(USD)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Interest&#160;Rate</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Due&#160;Date</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">7/15/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">Hong Kong Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">Merit Crown Limited</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,700,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,497,888</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,509,015</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12/31/2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">8/24/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">Hong Kong Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">Merit Crown Limited</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">15,596,100</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,996,684</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">2,011,518</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12/31/2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11/18/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">Hong Kong Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">Merit Crown Limited</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,479,102</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,469,607</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,480,525</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">10/31/2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12/9/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">Hong Kong Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">Merit Crown Limited</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,787,600</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,509,103</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,520,314</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11/30/2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">Less: Discount loan payable</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 25px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 25px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">101,382</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">212,859</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">6,371,900</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">6,308,513</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in"> <b><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">13. SUBSEQUENT EVENT</font></b><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; CLEAR: both; FONT-SIZE: 11pt; size: 8.5in 11.0in" align="justify"><font style="FONT-FAMILY:times new roman,times,serif"><font style="FONT-SIZE: 10pt"><font style="BACKGROUND-COLOR: transparent">Other than the newly signed extension agreements as disclosed in Note 8, and the supplementary agreement with related party as disclosed in Note 9 above, the Company does not identify any other subsequent events with material financial impact on the unaudited condensed consolidated financial statements.</font></font></font><font style="BACKGROUND-COLOR: transparent">&#160;</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> <strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">4. ACCOUNT RECEIVABLES, NET</font></strong></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> <strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></strong></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Account receivables consisted of the following:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">September&#160;30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">December&#160;31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Listing fee</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,562,924</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,403,255</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Authorized agent subscription revenue</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">924,100</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">995,453</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Monthly commission fee</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,422,750</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">605,677</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Others</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">63,323</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">54,183</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Less: allowance for doubtful accounts</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">(240,528)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Account receivables, net</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">3,732,569</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">3,058,568</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">Management reviewed the collectability of the receivables periodically, and identified certain inactive traders during this quarter. Management considered the receivables due from these traders are uncertain and provided bad debt provision of $240,528 for the three and nine months ended September 30, 2017.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">9. RELATED PARTY BALANCES AND TRANSACTIONS</font></strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">&#160;&#160;&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></strong></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The following is a list of related parties to which the Company has transactions with:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>(a) Jianping Mao (&#8220;Mao&#8221;), the wife of the Vice General Manager of Hong Kong Takung.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in"> <u><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Amount due to related party</font></u></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Amount due to related party consisted of the following as of the periods indicated:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; size: 8.5in 11.0in"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">December&#160;31,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div style="CLEAR:both;CLEAR: both">Mao (a)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,085,480</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,031,805</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="74%"> <div style="CLEAR:both;CLEAR: both">Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,085,480</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,031,805</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160; <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></div> </td> </tr> </table> </div> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; size: 8.5in 11.0in" align="justify">The interest rate of the outstanding short-term loan from Mao was <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 8</font></font>% per annum as of September 30, 2017 and December 31, 2016. The interest expense was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">61,283</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">19,941</font> for the nine months ended September 30, 2017 and 2016, respectively, and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">20,652</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">19,941</font> for the three months ended September 30, 2017 and 2016, respectively.</div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> </font>&#160;</div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; size: 8.5in 11.0in" align="left"><font style="FONT-FAMILY: 'Times New Roman', serif; BACKGROUND: transparent; FONT-SIZE: 10pt"> On October 26, 2017, Hong Kong Takung entered into a supplementary agreement with Mao that, as of 30 September 2017, the outstanding principal amount of the Loan (as defined in the Loan Agreement) to be repaid by Hong Kong Takung to Mao is HK$<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8,000,000</font> (Hong Kong Dollars Eight Million) (&#8220;<strong>Outstanding Principal Loan Amount</strong>&#8221;), and the accrued interest of the Outstanding Principal Loan Amount is HK$478,685 (&#8220;<strong>Accrued Interest</strong>&#8221;). <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> Mao hereby agreed to extend the maturity date of the Outstanding Principal Loan Amount and the interest thereof by Hong Kong Takung as below: (i) HK$4,500,000 and the interest thereof, together with the Accrued Interest to be due and payable by&#160;November 30, 2017; and (ii) HK$3,500,000 together with the interest thereof to be due and payable by&#160;December 31, 2017.</font></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 0.08 61283 19941 20652 19941 0.08 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <u><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Basis of Presentation</font></u></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The accompanying condensed consolidated balance sheet as of December 31, 2016, which has been derived from audited financial statements, and the unaudited interim condensed consolidated financial statements as of September 30, 2017 and for the three months ended and nine months ended September 30, 2017 and 2016 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the &#8220;SEC&#8221;). Certain information and disclosures, which are normally included in financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to such rules and regulations, although the management believes that the disclosures made are adequate to provide for fair presentation. The interim financial information should be read in conjunction with the Financial Statements and the notes thereto included in the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, previously filed with the SEC.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company&#8217;s financial statements are expressed in U.S. dollars.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company&#8217;s unaudited interim condensed consolidated financial position as of September 30, 2017, its consolidated results of operations and cash flows for the nine-month periods ended September 30, 2017 and 2016, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Mao hereby agreed to extend the maturity date of the Outstanding Principal Loan Amount and the interest thereof by Hong Kong Takung as below: (i) HK$4,500,000 and the interest thereof, together with the Accrued Interest to be due and payable by November 30, 2017; and (ii) HK$3,500,000 together with the interest thereof to be due and payable by December 31, 2017. <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">8. SHORT-TERM BORROWINGS FROM THIRD PARTIES</font></strong></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>The following table sets forth a summary of the loan agreements in loan receivables balance:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">September&#160;30,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">December&#160;31,</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Original&#160;Amount</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Annual</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Repayment</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both">Date</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="18%"> <div style="CLEAR:both;CLEAR: both">Borrower</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%"> <div style="CLEAR:both;CLEAR: both">Lender</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(HKD)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(USD)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(USD)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Interest&#160;Rate</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Due&#160;Date</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">(Unaudited)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">7/15/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">Hong Kong Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">Merit Crown Limited</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,700,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,497,888</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,509,015</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12/31/2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">8/24/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">Hong Kong Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">Merit Crown Limited</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">15,596,100</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,996,684</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">2,011,518</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12/31/2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11/18/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">Hong Kong Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">Merit Crown Limited</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,479,102</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,469,607</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,480,525</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">10/31/2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12/9/2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">Hong Kong Takung</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">Merit Crown Limited</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11,787,600</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,509,103</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">1,520,314</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">11/30/2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">Less: Discount loan payable</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 25px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 25px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">101,382</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">212,859</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="18%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">6,371,900</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">6,308,513</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;&#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The US Dollar Loans are to provide Hong Kong Takung with sufficient US Dollar-denominated currency to meet its working capital requirements. It is &#8220;secured&#8221; by the aforementioned RMB Loans (See Note 5) of equivalent amount by its subsidiary to an individual and guarantor affiliated with the lender of the US Dollar Loans. It is the understanding between the parties that when the US Dollar Loans are repaid, the RMB Loans will similarly be repaid.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The weighted average interest rate of outstanding short-term borrowings was <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8</font>% per annum as of September 30, 2017 and December 31, 2016. The fair values of the short-term borrowings approximate their carrying amounts. The weighted average short-term borrowing was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">6,419,099</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1,678,803</font> for the nine months period ended September 30, 2017 and year ended December 31, 2016, respectively. The interest expenses for the short-term borrowings were $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">133,174</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">62,670</font> for the three months ended September 30, 2017 and 2016, respectively and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">394,295</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">62,670</font>&#160;for the nine months ended September 30, 2017 and 2016, respectively.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On October 30, 2017, Hong Kong Takung entered into agreements with both Merit Crown Limited and Ms. Wang to extend the US Dollar Loan and RMB Loan (see Note 5) with the original maturity date on October 31, 2017, to October 31, 2018.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 109160 240528 240528 Jianping Mao (“Mao”), the wife of the Vice General Manager of Hong Kong Takung. EX-101.SCH 7 tkat-20170930.xsd XBRL TAXONOMY EXTENSION SCHEMA 101 - Document - Document And Entity Information link:presentationLink link:definitionLink link:calculationLink 102 - Statement - INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS link:presentationLink link:definitionLink link:calculationLink 103 - Statement - INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] link:presentationLink link:definitionLink link:calculationLink 104 - Statement - INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME link:presentationLink link:definitionLink link:calculationLink 105 - Statement - INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS link:presentationLink link:definitionLink link:calculationLink 106 - Disclosure - ORGANIZATION AND DESCRIPTION OF BUSINESS link:presentationLink link:definitionLink link:calculationLink 107 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:definitionLink link:calculationLink 108 - Disclosure - PREPAYMENT AND OTHER CURRENT ASSETS link:presentationLink link:definitionLink link:calculationLink 109 - Disclosure - ACCOUNT RECEIVABLES, NET link:presentationLink link:definitionLink link:calculationLink 110 - Disclosure - LOAN RECEIVABLES link:presentationLink link:definitionLink link:calculationLink 111 - Disclosure - PROPERTY AND EQUIPMENT, NET link:presentationLink link:definitionLink link:calculationLink 112 - Disclosure - ACCRUED EXPENSES AND OTHER PAYABLES link:presentationLink link:definitionLink link:calculationLink 113 - Disclosure - SHORT-TERM BORROWINGS FROM THIRD PARTIES link:presentationLink link:definitionLink link:calculationLink 114 - Disclosure - RELATED PARTY BALANCES AND TRANSACTIONS link:presentationLink link:definitionLink link:calculationLink 115 - Disclosure - INCOME TAXES link:presentationLink link:definitionLink link:calculationLink 116 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:definitionLink link:calculationLink 117 - Disclosure - EARNINGS PER SHARE link:presentationLink link:definitionLink link:calculationLink 118 - Disclosure - SUBSEQUENT EVENT link:presentationLink link:definitionLink link:calculationLink 119 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:definitionLink link:calculationLink 120 - Disclosure - PREPAYMENT AND OTHER CURRENT ASSETS (Tables) link:presentationLink link:definitionLink link:calculationLink 121 - Disclosure - ACCOUNT RECEIVABLES, NET (Tables) link:presentationLink link:definitionLink link:calculationLink 122 - Disclosure - LOAN RECEIVABLES (Tables) link:presentationLink link:definitionLink link:calculationLink 123 - Disclosure - PROPERTY AND EQUIPMENT, NET (Tables) link:presentationLink link:definitionLink link:calculationLink 124 - Disclosure - ACCRUED EXPENSES AND OTHER PAYABLES (Tables) link:presentationLink link:definitionLink link:calculationLink 125 - Disclosure - SHORT-TERM BORROWINGS FROM THIRD PARTIES (Tables) link:presentationLink link:definitionLink link:calculationLink 126 - Disclosure - RELATED PARTY BALANCES AND TRANSACTIONS (Tables) link:presentationLink link:definitionLink link:calculationLink 127 - Disclosure - INCOME TAXES (Tables) link:presentationLink link:definitionLink link:calculationLink 128 - Disclosure - COMMITMENTS AND CONTINGENCIES (Tables) link:presentationLink link:definitionLink link:calculationLink 129 - Disclosure - EARNINGS PER SHARE (Tables) link:presentationLink link:definitionLink link:calculationLink 130 - Disclosure - ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Textual) link:presentationLink link:definitionLink link:calculationLink 131 - Disclosure - PREPAYMENT AND OTHER CURRENT ASSETS (Details) link:presentationLink link:definitionLink link:calculationLink 132 - Disclosure - ACCOUNT RECEIVABLES, NET (Details) link:presentationLink link:definitionLink link:calculationLink 133 - Disclosure - ACCOUNT RECEIVABLES, NET (Details Taxtual) link:presentationLink link:definitionLink link:calculationLink 134 - Disclosure - LOAN RECEIVABLES (Details) link:presentationLink link:definitionLink link:calculationLink 135 - Disclosure - LOAN RECEIVABLES (Details Textual) link:presentationLink link:definitionLink link:calculationLink 136 - Disclosure - PROPERTY AND EQUIPMENT, NET (Details) link:presentationLink link:definitionLink link:calculationLink 137 - Disclosure - PROPERTY AND EQUIPMENT, NET (Details Textual) link:presentationLink link:definitionLink link:calculationLink 138 - Disclosure - ACCRUED EXPENSES AND OTHER PAYABLES (Details) link:presentationLink link:definitionLink link:calculationLink 139 - Disclosure - SHORT-TERM BORROWINGS FROM THIRD PARTIES (Details) link:presentationLink link:definitionLink link:calculationLink 140 - Disclosure - SHORT-TERM BORROWINGS FROM THIRD PARTIES (Details Textual) link:presentationLink link:definitionLink link:calculationLink 141 - Disclosure - RELATED PARTY BALANCES AND TRANSACTIONS (Details) link:presentationLink link:definitionLink link:calculationLink 142 - Disclosure - RELATED PARTY BALANCES AND TRANSACTIONS (Details Textual) link:presentationLink link:definitionLink link:calculationLink 143 - Disclosure - INCOME TAXES (Details) link:presentationLink link:definitionLink link:calculationLink 144 - Disclosure - INCOME TAXES (Details 1) link:presentationLink link:definitionLink link:calculationLink 145 - Disclosure - INCOME TAXES (Details Textual) link:presentationLink link:definitionLink link:calculationLink 146 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details) link:presentationLink link:definitionLink link:calculationLink 147 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details Textual) link:presentationLink link:definitionLink link:calculationLink 148 - Disclosure - EARNINGS PER SHARE (Details) link:presentationLink link:definitionLink link:calculationLink 149 - Disclosure - EARNINGS PER SHARE (Details Textual) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 8 tkat-20170930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 tkat-20170930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 tkat-20170930_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 11 tkat-20170930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE GRAPHIC 12 image_001.jpg GRAPHIC begin 644 image_001.jpg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end XML 13 R1.htm IDEA: XBRL DOCUMENT v3.8.0.1
Document And Entity Information - shares
 9 Months Ended
Sep. 30, 2017
Nov. 14, 2017
Document Information [Line Items]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Sep. 30, 2017  
Document Fiscal Year Focus 2017  
Document Fiscal Period Focus Q3  
Entity Registrant Name Takung Art Co., Ltd.  
Entity Central Index Key 0001491487  
Current Fiscal Year End Date --12-31  
Entity Filer Category Smaller Reporting Company  
Trading Symbol TKAT  
Entity Common Stock, Shares Outstanding   11,188,882
XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 14,887,890 $ 13,395,337
Restricted cash 19,057,733 21,743,360
Account receivables, net 3,732,569 3,058,568
Prepayment and other current assets 870,231 968,446
Loan receivables 6,806,623 6,374,046
Total current assets 45,355,046 45,539,757
Non-current assets    
Property and equipment, net 2,104,107 2,065,182
Intangible assets 20,394 20,546
Deferred tax assets 294,676 243,772
Other non-current assets 535,420 428,764
Total non-current assets 2,954,597 2,758,264
Total assets 48,309,643 48,298,021
Current liabilities    
Accrued expenses and other payables 780,800 608,883
Customer deposits 19,057,733 21,743,360
Advance from customers 0 360,248
Short-term borrowings from third parties 6,371,900 6,308,513
Amount due to related party 1,085,480 1,031,805
Taxes payable 1,094,885 549,897
Total current liabilities 28,390,798 30,602,706
Deferred tax liabilities 45,301 62,618
Total non-current liabilities 45,301 62,618
Total liabilities 28,436,099 30,665,324
NON-CURRENT LIABILITIES    
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Common stock (1,000,000,000 shares authorized; $0.001 par value; 11,188,882 shares issued and outstanding as of September 30, 2017; 11,169,276 shares issued and outstanding as of December 31, 2016) 11,189 11,169
Additional paid-in capital 5,928,455 5,532,426
Retained earnings 14,229,809 13,172,671
Accumulated other comprehensive loss (295,909) (1,083,569)
Total stockholders’ equity 19,873,544 17,632,697
Total liabilities and stockholders’ equity $ 48,309,643 $ 48,298,021
XML 15 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares
Sep. 30, 2017
Dec. 31, 2016
Common stock, par value (in dollars per share) $ 0.001 $ 0.01
Common stock, shares authorized 1,000,000,000 1,000,000,000
Common stock, shares issued 11,188,882 11,169,276
Common stock, shares outstanding 11,188,882 11,169,276
XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue        
Listing fee revenue $ 1,455,498 $ 2,968,534 $ 4,606,649 $ 8,166,072
Commission revenue 1,496,826 1,669,698 4,970,651 3,739,958
Gross management fee revenue 402,547 781,219 967,518 1,341,294
Annual fee revenue 140 440 859 869
Authorized agent subscription revenue 0 322,318 0 966,059
Total revenue 3,355,011 5,742,209 10,545,677 14,214,252
Cost of revenue (292,168) (285,252) (822,335) (822,735)
Gross profit 3,062,843 5,456,957 9,723,342 13,391,517
Operating expenses:        
General and administrative expenses (2,498,848) (1,744,965) (7,311,128) (5,076,689)
Selling expenses (624,151) (652,207) (1,272,010) (1,993,782)
Income (loss) from operations (60,156) 3,059,785 1,140,204 6,321,046
Other income and expenses:        
Other income 186,259 163,738 440,470 314,268
Loan interest expense (152,059) (62,670) (455,762) (62,670)
Exchange gain (loss) 177,652 (112,384) 526,603 (530,934)
Total other income (loss) 211,852 (11,316) 511,311 (279,336)
Income before income taxes 151,696 3,048,469 1,651,515 6,041,710
Income tax (expense) benefit (124,662) (596,732) (594,377) (1,377,078)
Net income 27,034 2,451,737 1,057,138 4,664,632
Foreign currency translation adjustment 311,485 10,172 787,660 18,322
Comprehensive income $ 338,519 $ 2,461,909 $ 1,844,798 $ 4,682,954
Earnings per common share- basic $ 0.00 $ 0.23 $ 0.10 $ 0.44
Earnings per common share- diluted $ 0.00 $ 0.22 $ 0.09 $ 0.41
Weighted average number of common shares outstanding-basic 11,188,882 10,632,276 11,039,880 10,632,276
Weighted average number of common shares outstanding-diluted 11,248,688 11,365,597 11,398,082 11,277,845
XML 17 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net cash provided by operating activities $ 1,028,524 $ 5,635,391
Cash flows from investing activities:    
Purchase of property and equipment (455,255) (976,460)
Purchase of held-to-maturity investments 0 (14,995,876)
Purchase of available-for-sales investment (53,501,874) (299,918)
Maturity and redemption of available-for-sales investment 53,501,874 0
Maturity and redemption of held-to-maturity investments 0 14,995,876
Loan to third parties (3,518,325) 0
Repayment from loan to third parties 3,412,070 0
Net cash used in investing activities (561,510) (1,276,378)
Cash Flows from financing activities:    
Proceeds from short-term borrowings 0 3,519,580
Proceeds from related party loans 0 2,340,895
Loan to third parties 0 (3,513,534)
Net cash provided by financing activities 0 2,346,941
Effect of exchange rate change on cash and cash equivalents 1,025,539 (644,375)
Net increase in cash and cash equivalents 1,492,553 6,061,579
Cash and cash equivalents, beginning balance 13,395,337 10,769,456
Cash and cash equivalents, ending balance 14,887,890 16,831,035
Supplemental cash flows information:    
Cash paid for interest 212,954 0
Cash paid for income tax $ 136,453 $ 562,994
XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
ORGANIZATION AND DESCRIPTION OF BUSINESS
 9 Months Ended
Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]
1. ORGANIZATION AND DESCRIPTION OF BUSINESS
 
Takung Art Co., Ltd and Subsidiaries (“Takung”, the “Company”, “we”, “us” and “our”), a Delaware corporation (formerly Cardigant Medical Inc.) through Hong Kong Takung Art Company Limited (formerly Hong Kong Takung Assets and Equity of Artworks Exchange Co., Ltd.) (“Hong Kong Takung”), a Hong Kong company and our wholly owned subsidiary, operates an electronic online platform located at www.takungae.com for artists, art dealers and art investors to offer and trade in valuable artwork.
 
Hong Kong Takung was incorporated in Hong Kong on September 17, 2012 and operates an electronic online platform for offering and trading artwork. For the period from September 17, 2012 (inception) to December 31, 2012, there was no operation except the issuance of shares for subscription receivable. We generate revenue from our services in connection with the offering and trading of artwork on our system, primarily consisting of listing fees, trading commissions, and management fees. We conduct our business primarily in Hong Kong, People’s Republic of China.
 
Takung (Shanghai) Co., Ltd (“Shanghai Takung”) is a limited liability company, with a registered capital of $1 million, located in the Shanghai Pilot Free Trade Zone. Shanghai Takung was incorporated on July 28, 2015. It is engaged in providing services to its parent company Hong Kong Takung by receiving deposits from and making payments to online artwork traders of Takung for and on behalf of Takung.
 
Shanghai Takung set up a new office in Hangzhou, PRC on November 20, 2016 for technology development. Takung Cultural Development (Tianjin) Co., Ltd (“Tianjin Takung”) is a limited liability company, with a registered capital of $1 million located in Pilot Free Trade Zone. Tianjin Takung was incorporated on January 27, 2016. 
 
Tianjin Takung provides technology support services to Hong Kong Takung and Shanghai Takung and also carries out marketing and promotion activities in mainland China.
XML 19 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Significant Accounting Policies [Text Block]
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
 
Basis of Presentation
 
The accompanying condensed consolidated balance sheet as of December 31, 2016, which has been derived from audited financial statements, and the unaudited interim condensed consolidated financial statements as of September 30, 2017 and for the three months ended and nine months ended September 30, 2017 and 2016 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and disclosures, which are normally included in financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to such rules and regulations, although the management believes that the disclosures made are adequate to provide for fair presentation. The interim financial information should be read in conjunction with the Financial Statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, previously filed with the SEC.
 
This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company’s financial statements are expressed in U.S. dollars.
 
In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s unaudited interim condensed consolidated financial position as of September 30, 2017, its consolidated results of operations and cash flows for the nine-month periods ended September 30, 2017 and 2016, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.
XML 20 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
PREPAYMENT AND OTHER CURRENT ASSETS
 9 Months Ended
Sep. 30, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets [Text Block]
3. PREPAYMENT AND OTHER CURRENT ASSETS
 
Prepayment and other current assets mainly consist of the prepaid services for development, maintenance of online trading system, the advertising and promotional services, prepaid financial advisory and banking services, as well as other current assets. 
 
 
 
September 30,
 
December 31,
 
 
 
2017
 
2016
 
 
 
(Unaudited)
 
 
 
Advertising and promotional services
 
 
438,741
 
 
296,163
 
Prepaid professional fee
 
 
144,706
 
 
-
 
Prepaid rental expense
 
 
82,793
 
 
60,822
 
Prepaid insurance
 
 
54,875
 
 
31,082
 
Prepaid maintenance of trading system
 
 
78,784
 
 
17,514
 
Staff advance
 
 
11,263
 
 
28,806
 
Prepaid financial advisory and banking services
 
 
39,153
 
 
201,808
 
Short-term borrowings to third party
 
 
-
 
 
259,254
 
Other current assets
 
 
19,916
 
 
72,997
 
Prepayment and other current assets
 
$
870,231
 
$
968,446
 
XML 21 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
ACCOUNT RECEIVABLES, NET
 9 Months Ended
Sep. 30, 2017
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
4. ACCOUNT RECEIVABLES, NET
 
Account receivables consisted of the following:
 
 
 
September 30,
 
December 31,
 
 
 
2017
 
2016
 
 
 
(Unaudited)
 
 
 
Listing fee
 
$
1,562,924
 
$
1,403,255
 
Authorized agent subscription revenue
 
 
924,100
 
 
995,453
 
Monthly commission fee
 
 
1,422,750
 
 
605,677
 
Others
 
 
63,323
 
 
54,183
 
Less: allowance for doubtful accounts
 
 
(240,528)
 
 
-
 
Account receivables, net
 
$
3,732,569
 
$
3,058,568
 
 
Management reviewed the collectability of the receivables periodically, and identified certain inactive traders during this quarter. Management considered the receivables due from these traders are uncertain and provided bad debt provision of $240,528 for the three and nine months ended September 30, 2017.
XML 22 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
LOAN RECEIVABLES
 9 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
Financing Receivables [Text Block]
5. LOAN RECEIVABLES
 
The following table sets forth a summary of the loan agreements in loan receivables balance:
 
 
 
 
 
 
 
Original
 
 
September 30,
 
 
December 31,
 
 
Annual
 
 
 
 
 
 
 
 
 
Amount
 
 
2017
 
 
2016
 
 
Interest
 
 
Repayment
Date
 
Borrower
 
Lender
 
(RMB)
 
 
(USD)
 
 
(USD)
 
 
Rate
 
 
Due Date
 
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
7/15/2016
 
Xiaohui Wang
 
Shanghai Takung
 
 
10,080,000
 
 
$
-
 
 
$
1,451,822
 
 
 
0
%
 
3/31/2017
8/24/2016
 
Xiaohui Wang
 
Shanghai Takung
 
 
13,350,000
 
 
$
-
 
 
$
1,922,800
 
 
 
0
%
 
3/31/2017
11/14/2016
 
Xiaohui Wang
 
Shanghai Takung
 
 
10,275,000
 
 
$
1,544,346
 
 
$
1,479,908
 
 
 
0
%
 
10/31/2017
12/9/2016
 
Xiaohui Wang
 
Tianjin Takung
 
 
10,550,000
 
 
$
1,585,680
 
 
$
1,519,516
 
 
 
0
%
 
11/30/2017
1/4/2017
 
Xiaohui Wang
 
Tianjin Takung
 
 
24,461,505
 
 
$
3,676,597
 
 
$
-
 
 
 
0
%
 
12/31/2017
 
 
 
 
 
 
 
Total
 
 
$
6,806,623
 
 
$
6,374,046
 
 
 
 
 
 
 
   
All the transactions were aimed to meet the Company’s working capital needs in US Dollar, which is freely convertible to Hong Kong Dollar.
  
•
The interest-free loans (the “RMB Loans”) that Shanghai Takung and Tianjin Takung entered were guaranteed by Chongqing Wintus (New Star) Enterprises Group (“Chongqing”). Xiaohui Wang (“Ms. Wang”) is a national of the People’s Republic of China. Ms. Wang is a shareholder and the legal representative of Chongqing. Both Chongqing and Ms. Wang are the non-related parties to the Company.
 
•
In the meantime, Hong Kong Takung entered into loan agreements (the “US Dollar Loans”) with Merit Crown Limited, a Hong Kong company (“Merit Crown) with interest accruing at a rate of 8% per annum (See Note 8). Merit Crown is a non-related party to the Company.
 
Through an understanding between Ms. Wang and Merit Crown, the US Dollar Loans are “secured” by the RMB Loans. It is the understanding between the parties that when the US Dollar Loans are repaid, the RMB Loans will be repaid at the same time.
XML 23 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
PROPERTY AND EQUIPMENT, NET
 9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
6. PROPERTY AND EQUIPMENT, NET   
 
Property and equipment consisted of the following:
 
 
 
September 30,
 
 
December 31,
 
 
 
2017
 
 
2016
 
 
 
(Unaudited)
 
 
 
 
Furniture, fixtures and equipment
 
$
157,736
 
 
$
100,386
 
Leasehold improvements
 
 
402,597
 
 
 
298,965
 
Computer trading and clearing system
 
 
3,220,318
 
 
 
2,802,430
 
Sub-total
 
 
3,780,651
 
 
 
3,201,781
 
Less: accumulated depreciation
 
 
(1,676,544)
 
 
 
(1,136,599)
 
Property and equipment, net
 
$
2,104,107
 
 
$
2,065,182
 
 
Depreciation expense amounted to $190,626 and $133,608 for the three months ended September 30, 2017 and 2016, respectively, and $538,532 and $373,308 for the nine months ended September 30, 2017 and 2016, respectively.
XML 24 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
ACCRUED EXPENSES AND OTHER PAYABLES
 9 Months Ended
Sep. 30, 2017
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
7. ACCRUED EXPENSES AND OTHER PAYABLES
 
Accrued expenses and other payables as of September 30, 2017 and December 31, 2016 consisted of:
 
 
 
September 30,
 
December 31,
 
 
 
2017
 
2016
 
 
 
(Unaudited)
 
 
 
Trading and clearing system
 
$
54,688
 
$
61,735
 
Accruals for professional fees
 
 
19,972
 
 
49,952
 
Accruals for consulting fees
 
 
297,461
 
 
290,773
 
Payroll payables
 
 
295,722
 
 
141,022
 
Accruals for business trip expense
 
 
23,722
 
 
-
 
Other payables
 
 
89,235
 
 
65,401
 
Total accrued expenses and other payables
 
$
780,800
 
$
608,883
 
XML 25 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
SHORT-TERM BORROWINGS FROM THIRD PARTIES
 9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Short-term Debt [Text Block]
8. SHORT-TERM BORROWINGS FROM THIRD PARTIES
 
The following table sets forth a summary of the loan agreements in loan receivables balance:
 
 
 
 
 
 
 
 
 
September 30,
 
December 31,
 
 
 
 
 
 
 
 
 
 
 
 
Original Amount
 
2017
 
2016
 
Annual
 
Repayment
 
Date
 
Borrower
 
Lender
 
(HKD)
 
(USD)
 
(USD)
 
Interest Rate
 
Due Date
 
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
7/15/2016
 
Hong Kong Takung
 
Merit Crown Limited
 
 
11,700,000
 
$
1,497,888
 
$
1,509,015
 
 
8
%
 
12/31/2017
 
8/24/2016
 
Hong Kong Takung
 
Merit Crown Limited
 
 
15,596,100
 
$
1,996,684
 
$
2,011,518
 
 
8
%
 
12/31/2017
 
11/18/2016
 
Hong Kong Takung
 
Merit Crown Limited
 
 
11,479,102
 
$
1,469,607
 
$
1,480,525
 
 
8
%
 
10/31/2017
 
12/9/2016
 
Hong Kong Takung
 
Merit Crown Limited
 
 
11,787,600
 
$
1,509,103
 
$
1,520,314
 
 
8
%
 
11/30/2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less: Discount loan payable
 
 
 
 
 
 
$
101,382
 
$
212,859
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
6,371,900
 
$
6,308,513
 
 
 
 
 
 
 
  
The US Dollar Loans are to provide Hong Kong Takung with sufficient US Dollar-denominated currency to meet its working capital requirements. It is “secured” by the aforementioned RMB Loans (See Note 5) of equivalent amount by its subsidiary to an individual and guarantor affiliated with the lender of the US Dollar Loans. It is the understanding between the parties that when the US Dollar Loans are repaid, the RMB Loans will similarly be repaid.
 
The weighted average interest rate of outstanding short-term borrowings was 8% per annum as of September 30, 2017 and December 31, 2016. The fair values of the short-term borrowings approximate their carrying amounts. The weighted average short-term borrowing was $6,419,099 and $1,678,803 for the nine months period ended September 30, 2017 and year ended December 31, 2016, respectively. The interest expenses for the short-term borrowings were $133,174 and $62,670 for the three months ended September 30, 2017 and 2016, respectively and $394,295 and $62,670 for the nine months ended September 30, 2017 and 2016, respectively.
 
On October 30, 2017, Hong Kong Takung entered into agreements with both Merit Crown Limited and Ms. Wang to extend the US Dollar Loan and RMB Loan (see Note 5) with the original maturity date on October 31, 2017, to October 31, 2018.
XML 26 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
RELATED PARTY BALANCES AND TRANSACTIONS
 9 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
9. RELATED PARTY BALANCES AND TRANSACTIONS   
 
The following is a list of related parties to which the Company has transactions with:
  
(a) Jianping Mao (“Mao”), the wife of the Vice General Manager of Hong Kong Takung.
  
Amount due to related party
 
Amount due to related party consisted of the following as of the periods indicated:
 
 
 
September 30,
 
 
December 31,
 
 
 
2017
 
 
2016
 
 
 
(Unaudited)
 
 
 
 
Mao (a)
 
$
1,085,480
 
 
$
1,031,805
 
Total
 
 
1,085,480
 
 
 
1,031,805
 
 
The interest rate of the outstanding short-term loan from Mao was 8% per annum as of September 30, 2017 and December 31, 2016. The interest expense was $61,283 and $19,941 for the nine months ended September 30, 2017 and 2016, respectively, and $20,652 and $19,941 for the three months ended September 30, 2017 and 2016, respectively.
 
On October 26, 2017, Hong Kong Takung entered into a supplementary agreement with Mao that, as of 30 September 2017, the outstanding principal amount of the Loan (as defined in the Loan Agreement) to be repaid by Hong Kong Takung to Mao is HK$8,000,000 (Hong Kong Dollars Eight Million) (“Outstanding Principal Loan Amount”), and the accrued interest of the Outstanding Principal Loan Amount is HK$478,685 (“Accrued Interest”). Mao hereby agreed to extend the maturity date of the Outstanding Principal Loan Amount and the interest thereof by Hong Kong Takung as below: (i) HK$4,500,000 and the interest thereof, together with the Accrued Interest to be due and payable by November 30, 2017; and (ii) HK$3,500,000 together with the interest thereof to be due and payable by December 31, 2017.
XML 27 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
INCOME TAXES
 9 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]
10. INCOME TAXES
   
United States of America 
 
As of September 30, 2017 and December 31, 2016, the Company in the United States had $4,008,459 and $2,212,890 in net operating loss carried forward available to offset future taxable income, respectively. Federal net operating losses can generally be carried forward twenty years. The federal corporate net operating loss carryover is expired in 20 taxable years following the taxable year of the loss.
 
The Company believes that it is more likely than not that these net accumulated operating losses will not be utilized in the future. Therefore, the Company has provided a full valuation allowance for the deferred tax assets arising from the losses at the U.S. during the nine months ended September 30, 2017 and year ended December 31, 2016 amounting to $1,414,445 and $962,012, respectively. Accordingly, the Company has no net deferred tax assets under the US entity.
 
Hong Kong
 
The provision for current income taxes of the subsidiary operating in Hong Kong has been calculated by applying the current rate of taxation of 16.5% for the nine months ended September 30, 2017 and 2016, if applicable.
 
PRC
 
In accordance with the relevant tax laws and regulations of the PRC, a company registered in the PRC is subject to income taxes within the PRC at the applicable tax rate on taxable income. All the PRC subsidiaries were subject to income tax at a rate of 25%.
 
The income tax provision consists of the following components:
 
 
 
For the Three Months Ended
 
 
For the Nine Months Ended
 
 
 
September 30,
 
 
September 30,
 
 
 
2017
 
 
2016
 
 
2017
 
 
2016
 
 
 
(Unaudited)
 
 
(Unaudited)
 
 
(Unaudited)
 
 
(Unaudited)
 
Current
 
$
159,281
 
 
$
684,801
 
 
$
662,598
 
 
$
1,561,728
 
Deferred
 
 
(34,619)
 
 
 
(88,069)
 
 
 
(68,221)
 
 
 
(184,650)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total provision for income taxes
 
$
124,662
 
 
$
596,732
 
 
$
594,377
 
 
$
1,377,078
 
 
A reconciliation between the Company’s actual provision for income taxes and the provision at the statutory rate is as follow:
 
 
 
For the Three Months Ended
 
 
For the Nine Months Ended
 
 
 
September 30,
 
 
September 30,
 
 
 
2017
 
 
2016
 
 
2017
 
 
2016
 
 
 
(Unaudited)
 
 
(Unaudited)
 
 
(Unaudited)
 
 
(Unaudited)
 
Income before income tax expense
 
$
151,697
 
 
$
3,048,469
 
 
$
1,651,515
 
 
$
6,041,710
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Computed tax expense with statutory tax rate
 
 
25,030
 
 
 
502,998
 
 
 
271,806
 
 
 
994,688
 
Impact of different tax rates in other jurisdictions
 
 
(73,258)
 
 
 
(24,505)
 
 
 
(230,651)
 
 
 
(254,199)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-deductible items:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tax effect of non-deductible expenses
 
 
25,896
 
 
 
11,117
 
 
 
100,789
 
 
 
32,742
 
Changes in valuation allowance
 
 
146,994
 
 
 
107,122
 
 
 
452,433
 
 
 
603,847
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actual income tax expense
 
$
124,662
 
 
$
596,732
 
 
$
594,377
 
 
$
1,377,078
 
 
The Company's effective tax rate was 82.2% and 19.6% for the three months ended September 30, 2017 and 2016, respectively, and 36.0% and 22.8% for the nine months ended September 30, 2017 and 2016, respectively.
XML 28 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
COMMITMENTS AND CONTINGENCIES
 9 Months Ended
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]
11. COMMITMENTS AND CONTINGENCIES 
 
Operation Commitments
 
The total future minimum lease payments under the non-cancellable operating lease with respect to the office and the dormitory as of September 30, 2017 are payable as follows: 
 
Three months ending December 31, 2017
 
$
244,960
 
 
 
 
 
 
Year ending December 31, 2018
 
 
761,175
 
 
 
 
 
 
Year ending December 31, 2019
 
 
223,026
 
 
 
 
 
 
Year ending December 31, 2020
 
 
39,999
 
 
 
 
 
 
Year ending December 31, 2021
 
 
15,030
 
 
 
 
 
 
Year ending December 31, 2022 and thereafter
 
 
53,232
 
 
 
 
 
 
Total
 
$
1,337,422
 
 
Rental expense of the Company was $293,338 and $199,514 for the three months ended September 30, 2017 and 2016, respectively, and $721,492 and $428,440 for the nine months ended September 30, 2017 and 2016, respectively.
XML 29 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
12. EARNINGS PER SHARE
 
Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and dilutive potential common shares outstanding during the period.
 
 
 
For the Three Months Ended
 
For the Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
Numerator:
 
 
 
 
 
 
 
 
 
Net income
 
$
27,034
 
 
2,451,737
 
$
1,057,138
 
 
4,664,632
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding - Basic
 
 
11,188,882
 
 
10,632,276
 
 
11,039,880
 
 
10,632,276
 
Stock options and restricted shares
 
 
59,806
 
 
733,321
 
 
358,202
 
 
645,569
 
Weighted-average shares outstanding - Diluted
 
 
11,248,688
 
 
11,365,597
 
 
11,398,082
 
 
11,277,845
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
-Basic
 
 
0.00
 
 
0.23
 
 
0.10
 
 
0.44
 
-Diluted
 
 
0.00
 
 
0.22
 
 
0.09
 
 
0.41
 
 
Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock.
 
For the three months ended September 30, 2017, the diluted earnings per share calculation did not include options to purchase up to 109,160 shares of the Company's common stock, because they were out of money. It has no such impact for three months ended September 30, 2016, nine months ended September 30, 2017 and 2016 respectively.
 
There were dilutive effects of 487,000 shares for the nine months period ended September 30, 2017 and 2016. The 487,000 restricted shares of Common Stock (the “Compensation Shares”) related to the Consulting Agreement with Regeneration Capital Group, LLC (“Regeneration”) were placed in an escrow account and were subject to Regeneration’s performance condition. The shares were released from escrow account and transferred to Regeneration since the Company successfully listed on NYSE on March 22, 2017.
XML 30 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
SUBSEQUENT EVENT
 9 Months Ended
Sep. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
13. SUBSEQUENT EVENT    
 
Other than the newly signed extension agreements as disclosed in Note 8, and the supplementary agreement with related party as disclosed in Note 9 above, the Company does not identify any other subsequent events with material financial impact on the unaudited condensed consolidated financial statements. 
XML 31 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Basis of Accounting, Policy [Policy Text Block]
Basis of Presentation
 
The accompanying condensed consolidated balance sheet as of December 31, 2016, which has been derived from audited financial statements, and the unaudited interim condensed consolidated financial statements as of September 30, 2017 and for the three months ended and nine months ended September 30, 2017 and 2016 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and disclosures, which are normally included in financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to such rules and regulations, although the management believes that the disclosures made are adequate to provide for fair presentation. The interim financial information should be read in conjunction with the Financial Statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, previously filed with the SEC.
 
This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company’s financial statements are expressed in U.S. dollars.
 
In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s unaudited interim condensed consolidated financial position as of September 30, 2017, its consolidated results of operations and cash flows for the nine-month periods ended September 30, 2017 and 2016, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.
XML 32 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
PREPAYMENT AND OTHER CURRENT ASSETS (Tables)
 9 Months Ended
Sep. 30, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]
Prepayment and other current assets mainly consist of the prepaid services for development, maintenance of online trading system, the advertising and promotional services, prepaid financial advisory and banking services, as well as other current assets. 
 
 
 
September 30,
 
December 31,
 
 
 
2017
 
2016
 
 
 
(Unaudited)
 
 
 
Advertising and promotional services
 
 
438,741
 
 
296,163
 
Prepaid professional fee
 
 
144,706
 
 
-
 
Prepaid rental expense
 
 
82,793
 
 
60,822
 
Prepaid insurance
 
 
54,875
 
 
31,082
 
Prepaid maintenance of trading system
 
 
78,784
 
 
17,514
 
Staff advance
 
 
11,263
 
 
28,806
 
Prepaid financial advisory and banking services
 
 
39,153
 
 
201,808
 
Short-term borrowings to third party
 
 
-
 
 
259,254
 
Other current assets
 
 
19,916
 
 
72,997
 
Prepayment and other current assets
 
$
870,231
 
$
968,446
 
XML 33 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
ACCOUNT RECEIVABLES, NET (Tables)
 9 Months Ended
Sep. 30, 2017
Accounts Receivable [Member]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Account receivables consisted of the following:
 
 
 
September 30,
 
December 31,
 
 
 
2017
 
2016
 
 
 
(Unaudited)
 
 
 
Listing fee
 
$
1,562,924
 
$
1,403,255
 
Authorized agent subscription revenue
 
 
924,100
 
 
995,453
 
Monthly commission fee
 
 
1,422,750
 
 
605,677
 
Others
 
 
63,323
 
 
54,183
 
Less: allowance for doubtful accounts
 
 
(240,528)
 
 
-
 
Account receivables, net
 
$
3,732,569
 
$
3,058,568
 
XML 34 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
LOAN RECEIVABLES (Tables)
 9 Months Ended
Sep. 30, 2017
Loans Receivable [Member]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
The following table sets forth a summary of the loan agreements in loan receivables balance:
 
 
 
 
 
 
 
Original
 
 
September 30,
 
 
December 31,
 
 
Annual
 
 
 
 
 
 
 
 
 
Amount
 
 
2017
 
 
2016
 
 
Interest
 
 
Repayment
Date
 
Borrower
 
Lender
 
(RMB)
 
 
(USD)
 
 
(USD)
 
 
Rate
 
 
Due Date
 
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
7/15/2016
 
Xiaohui Wang
 
Shanghai Takung
 
 
10,080,000
 
 
$
-
 
 
$
1,451,822
 
 
 
0
%
 
3/31/2017
8/24/2016
 
Xiaohui Wang
 
Shanghai Takung
 
 
13,350,000
 
 
$
-
 
 
$
1,922,800
 
 
 
0
%
 
3/31/2017
11/14/2016
 
Xiaohui Wang
 
Shanghai Takung
 
 
10,275,000
 
 
$
1,544,346
 
 
$
1,479,908
 
 
 
0
%
 
10/31/2017
12/9/2016
 
Xiaohui Wang
 
Tianjin Takung
 
 
10,550,000
 
 
$
1,585,680
 
 
$
1,519,516
 
 
 
0
%
 
11/30/2017
1/4/2017
 
Xiaohui Wang
 
Tianjin Takung
 
 
24,461,505
 
 
$
3,676,597
 
 
$
-
 
 
 
0
%
 
12/31/2017
 
 
 
 
 
 
 
Total
 
 
$
6,806,623
 
 
$
6,374,046
 
 
 
 
 
 
 
XML 35 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
PROPERTY AND EQUIPMENT, NET (Tables)
 9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]
Property and equipment consisted of the following:
 
 
 
September 30,
 
 
December 31,
 
 
 
2017
 
 
2016
 
 
 
(Unaudited)
 
 
 
 
Furniture, fixtures and equipment
 
$
157,736
 
 
$
100,386
 
Leasehold improvements
 
 
402,597
 
 
 
298,965
 
Computer trading and clearing system
 
 
3,220,318
 
 
 
2,802,430
 
Sub-total
 
 
3,780,651
 
 
 
3,201,781
 
Less: accumulated depreciation
 
 
(1,676,544)
 
 
 
(1,136,599)
 
Property and equipment, net
 
$
2,104,107
 
 
$
2,065,182
 
XML 36 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
ACCRUED EXPENSES AND OTHER PAYABLES (Tables)
 9 Months Ended
Sep. 30, 2017
Payables and Accruals [Abstract]  
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]
Accrued expenses and other payables as of September 30, 2017 and December 31, 2016 consisted of:
 
 
 
September 30,
 
December 31,
 
 
 
2017
 
2016
 
 
 
(Unaudited)
 
 
 
Trading and clearing system
 
$
54,688
 
$
61,735
 
Accruals for professional fees
 
 
19,972
 
 
49,952
 
Accruals for consulting fees
 
 
297,461
 
 
290,773
 
Payroll payables
 
 
295,722
 
 
141,022
 
Accruals for business trip expense
 
 
23,722
 
 
-
 
Other payables
 
 
89,235
 
 
65,401
 
Total accrued expenses and other payables
 
$
780,800
 
$
608,883
 
XML 37 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
SHORT-TERM BORROWINGS FROM THIRD PARTIES (Tables)
 9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Short-term Debt [Table Text Block]
The following table sets forth a summary of the loan agreements in loan receivables balance:
 
 
 
 
 
 
 
 
 
September 30,
 
December 31,
 
 
 
 
 
 
 
 
 
 
 
 
Original Amount
 
2017
 
2016
 
Annual
 
Repayment
 
Date
 
Borrower
 
Lender
 
(HKD)
 
(USD)
 
(USD)
 
Interest Rate
 
Due Date
 
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
7/15/2016
 
Hong Kong Takung
 
Merit Crown Limited
 
 
11,700,000
 
$
1,497,888
 
$
1,509,015
 
 
8
%
 
12/31/2017
 
8/24/2016
 
Hong Kong Takung
 
Merit Crown Limited
 
 
15,596,100
 
$
1,996,684
 
$
2,011,518
 
 
8
%
 
12/31/2017
 
11/18/2016
 
Hong Kong Takung
 
Merit Crown Limited
 
 
11,479,102
 
$
1,469,607
 
$
1,480,525
 
 
8
%
 
10/31/2017
 
12/9/2016
 
Hong Kong Takung
 
Merit Crown Limited
 
 
11,787,600
 
$
1,509,103
 
$
1,520,314
 
 
8
%
 
11/30/2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less: Discount loan payable
 
 
 
 
 
 
$
101,382
 
$
212,859
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
6,371,900
 
$
6,308,513
 
 
 
 
 
 
 
XML 38 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
RELATED PARTY BALANCES AND TRANSACTIONS (Tables)
 9 Months Ended
Sep. 30, 2017
Mao [Member]  
Schedule Of Debt Interest Expenses [Table Text Block]
Amount due to related party consisted of the following as of the periods indicated:
 
 
 
September 30,
 
 
December 31,
 
 
 
2017
 
 
2016
 
 
 
(Unaudited)
 
 
 
 
Mao (a)
 
$
1,085,480
 
 
$
1,031,805
 
Total
 
 
1,085,480
 
 
 
1,031,805
 
 
(a) Jianping Mao (“Mao”), the wife of the Vice General Manager of Hong Kong Takung.
XML 39 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
INCOME TAXES (Tables)
 9 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The income tax provision consists of the following components:
 
 
 
For the Three Months Ended
 
 
For the Nine Months Ended
 
 
 
September 30,
 
 
September 30,
 
 
 
2017
 
 
2016
 
 
2017
 
 
2016
 
 
 
(Unaudited)
 
 
(Unaudited)
 
 
(Unaudited)
 
 
(Unaudited)
 
Current
 
$
159,281
 
 
$
684,801
 
 
$
662,598
 
 
$
1,561,728
 
Deferred
 
 
(34,619)
 
 
 
(88,069)
 
 
 
(68,221)
 
 
 
(184,650)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total provision for income taxes
 
$
124,662
 
 
$
596,732
 
 
$
594,377
 
 
$
1,377,078
 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
A reconciliation between the Company’s actual provision for income taxes and the provision at the statutory rate is as follow:
 
 
 
For the Three Months Ended
 
 
For the Nine Months Ended
 
 
 
September 30,
 
 
September 30,
 
 
 
2017
 
 
2016
 
 
2017
 
 
2016
 
 
 
(Unaudited)
 
 
(Unaudited)
 
 
(Unaudited)
 
 
(Unaudited)
 
Income before income tax expense
 
$
151,697
 
 
$
3,048,469
 
 
$
1,651,515
 
 
$
6,041,710
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Computed tax expense with statutory tax rate
 
 
25,030
 
 
 
502,998
 
 
 
271,806
 
 
 
994,688
 
Impact of different tax rates in other jurisdictions
 
 
(73,258)
 
 
 
(24,505)
 
 
 
(230,651)
 
 
 
(254,199)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-deductible items:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tax effect of non-deductible expenses
 
 
25,896
 
 
 
11,117
 
 
 
100,789
 
 
 
32,742
 
Changes in valuation allowance
 
 
146,994
 
 
 
107,122
 
 
 
452,433
 
 
 
603,847
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actual income tax expense
 
$
124,662
 
 
$
596,732
 
 
$
594,377
 
 
$
1,377,078
 
XML 40 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
COMMITMENTS AND CONTINGENCIES (Tables)
 9 Months Ended
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
The total future minimum lease payments under the non-cancellable operating lease with respect to the office and the dormitory as of September 30, 2017 are payable as follows: 
 
Three months ending December 31, 2017
 
$
244,960
 
 
 
 
 
 
Year ending December 31, 2018
 
 
761,175
 
 
 
 
 
 
Year ending December 31, 2019
 
 
223,026
 
 
 
 
 
 
Year ending December 31, 2020
 
 
39,999
 
 
 
 
 
 
Year ending December 31, 2021
 
 
15,030
 
 
 
 
 
 
Year ending December 31, 2022 and thereafter
 
 
53,232
 
 
 
 
 
 
Total
 
$
1,337,422
 
XML 41 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and dilutive potential common shares outstanding during the period.
 
 
 
For the Three Months Ended
 
For the Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
Numerator:
 
 
 
 
 
 
 
 
 
Net income
 
$
27,034
 
 
2,451,737
 
$
1,057,138
 
 
4,664,632
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding - Basic
 
 
11,188,882
 
 
10,632,276
 
 
11,039,880
 
 
10,632,276
 
Stock options and restricted shares
 
 
59,806
 
 
733,321
 
 
358,202
 
 
645,569
 
Weighted-average shares outstanding - Diluted
 
 
11,248,688
 
 
11,365,597
 
 
11,398,082
 
 
11,277,845
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
-Basic
 
 
0.00
 
 
0.23
 
 
0.10
 
 
0.44
 
-Diluted
 
 
0.00
 
 
0.22
 
 
0.09
 
 
0.41
 
XML 42 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Textual)
$ in Millions
 9 Months Ended
Sep. 30, 2017
USD ($)
HongKong Takung Assets And Equity of Artworks Exchange Co Ltd [Member]  
Organization And Description Of Business [Line Items]  
Entity Incorporation, State Country Name Hong Kong
Entity Incorporation, Date of Incorporation Sep. 17, 2012
Takung Shanghai Co Ltd [Member]  
Organization And Description Of Business [Line Items]  
Entity Incorporation, State Country Name Shanghai Takung
Entity Incorporation, Date of Incorporation Jul. 28, 2015
Capital Units, Value $ 1
Takung Cultural Development Tianjin Co Ltd [Member]  
Organization And Description Of Business [Line Items]  
Entity Incorporation, State Country Name Tianjin Takung
Entity Incorporation, Date of Incorporation Jan. 27, 2016
Capital Units, Value $ 1
XML 43 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
PREPAYMENT AND OTHER CURRENT ASSETS (Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Advertising and promotional services $ 438,741 $ 296,163
Prepaid professional fee 144,706 0
Prepaid rental expense 82,793 60,822
Prepaid insurance 54,875 31,082
Prepaid maintenance of trading system 78,784 17,514
Staff advance 11,263 28,806
Prepaid financial advisory and banking services 39,153 201,808
Short-term borrowings to third party 0 259,254
Other current assets 19,916 72,997
Prepayment and other current assets $ 870,231 $ 968,446
XML 44 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
ACCOUNT RECEIVABLES, NET (Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Less: allowance for doubtful accounts $ (240,528) $ 0
Account receivables, net 3,732,569 3,058,568
Listing Fee [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts Receivable, Gross, Current 1,562,924 1,403,255
Authorized Agent Subscription Revenue [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts Receivable, Gross, Current 924,100 995,453
Monthly Commission Fee [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts Receivable, Gross, Current 1,422,750 605,677
Others [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts Receivable, Gross, Current $ 63,323 $ 54,183
XML 45 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
ACCOUNT RECEIVABLES, NET (Details Taxtual) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2017
Provision for Doubtful Accounts $ 240,528 $ 240,528
XML 46 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
LOAN RECEIVABLES (Details)
 9 Months Ended
Sep. 30, 2017
USD ($)
Sep. 30, 2017
CNY (¥)
Dec. 31, 2016
USD ($)
Loan receivables, Total $ 6,806,623   $ 6,374,046
Loan Receivable One [Member]      
Loan receivables, Initiation Date Jul. 15, 2016    
Loan receivables, Name Of Borrower Xiaohui Wang    
Loan receivables, Name of Lender Shanghai Takung    
Loan receivables, Total $ 0 ¥ 10,080,000 1,451,822
Annual Interest Rate 0.00%    
Repayment Due Date Mar. 31, 2017    
Loan Receivable Two [Member]      
Loan receivables, Initiation Date Aug. 24, 2016    
Loan receivables, Name Of Borrower Xiaohui Wang    
Loan receivables, Name of Lender Shanghai Takung    
Loan receivables, Total $ 0 13,350,000 1,922,800
Annual Interest Rate 0.00%    
Repayment Due Date Mar. 31, 2017    
Loan Receivable Three [Member]      
Loan receivables, Initiation Date Nov. 14, 2016    
Loan receivables, Name Of Borrower Xiaohui Wang    
Loan receivables, Name of Lender Shanghai Takung    
Loan receivables, Total $ 1,544,346 10,275,000 1,479,908
Annual Interest Rate 0.00%    
Repayment Due Date Oct. 31, 2017    
Loan Receivable Four [Member]      
Loan receivables, Initiation Date Dec. 09, 2016    
Loan receivables, Name Of Borrower Xiaohui Wang    
Loan receivables, Name of Lender Tianjin Takung    
Loan receivables, Total $ 1,585,680 10,550,000 1,519,516
Annual Interest Rate 0.00%    
Repayment Due Date Nov. 30, 2017    
Loan Receivable Five [Member]      
Loan receivables, Initiation Date Jan. 04, 2017    
Loan receivables, Name Of Borrower Xiaohui Wang    
Loan receivables, Name of Lender Tianjin Takung    
Loan receivables, Total $ 3,676,597 ¥ 24,461,505 $ 0
Annual Interest Rate 0.00%    
Repayment Due Date Dec. 31, 2017    
XML 47 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
LOAN RECEIVABLES (Details Textual)
Sep. 30, 2017
Dec. 31, 2016
Debt Instrument, Interest Rate, Stated Percentage 8.00% 8.00%
Merit Crown [Member]    
Debt Instrument, Interest Rate, Stated Percentage 8.00%  
XML 48 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
PROPERTY AND EQUIPMENT, NET (Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Cost    
Furniture, fixtures and equipment $ 157,736 $ 100,386
Leasehold improvements 402,597 298,965
Computer trading and clearing system 3,220,318 2,802,430
Sub-total 3,780,651 3,201,781
Less: accumulated depreciation (1,676,544) (1,136,599)
Property and equipment, net $ 2,104,107 $ 2,065,182
XML 49 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1
PROPERTY AND EQUIPMENT, NET (Details Textual) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Property, Plant and Equipment [Line Items]        
Depreciation $ 190,626 $ 133,608 $ 538,532 $ 373,308
XML 50 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
ACCRUED EXPENSES AND OTHER PAYABLES (Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Schedule Of Accounts Payable And Accrued Liabilities [Line Items]    
Trading and clearing system $ 54,688 $ 61,735
Accruals for professional fees 19,972 49,952
Accruals for consulting fees 297,461 290,773
Payroll payables 295,722 141,022
Accruals for business trip expense 23,722 0
Other payables 89,235 65,401
Total accrued expenses and other payables $ 780,800 $ 608,883
XML 51 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
SHORT-TERM BORROWINGS FROM THIRD PARTIES (Details)
 9 Months Ended
Sep. 30, 2017
USD ($)
Sep. 30, 2017
HKD
Dec. 31, 2016
USD ($)
Loan receivables balance, Total $ 6,371,900   $ 6,308,513
Less: Discount loan payable $ 101,382   212,859
Short Term Debt One [Member]      
Issuance Date Jul. 15, 2016    
Borrower Hong Kong Takung    
Lender Merit Crown Limited    
Loan receivables balance, Total $ 1,497,888 HKD 11,700,000 1,509,015
Annual Interest Rate 8.00% 8.00%  
Repayment Due Date Dec. 31, 2017    
Short Term Debt Two [Member]      
Issuance Date Aug. 24, 2016    
Borrower Hong Kong Takung    
Lender Merit Crown Limited    
Loan receivables balance, Total $ 1,996,684 HKD 15,596,100 2,011,518
Annual Interest Rate 8.00% 8.00%  
Repayment Due Date Dec. 31, 2017    
Short Term Debt Three [Member]      
Issuance Date Nov. 18, 2016    
Borrower Hong Kong Takung    
Lender Merit Crown Limited    
Loan receivables balance, Total $ 1,469,607 HKD 11,479,102 1,480,525
Annual Interest Rate 8.00% 8.00%  
Repayment Due Date Oct. 31, 2017    
Short Term Debt Four [Member]      
Issuance Date Dec. 09, 2016    
Borrower Hong Kong Takung    
Lender Merit Crown Limited    
Loan receivables balance, Total $ 1,509,103 HKD 11,787,600 $ 1,520,314
Annual Interest Rate 8.00% 8.00%  
Repayment Due Date Nov. 30, 2017    
XML 52 R40.htm IDEA: XBRL DOCUMENT v3.8.0.1
SHORT-TERM BORROWINGS FROM THIRD PARTIES (Details Textual) - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Debt Instrument, Interest Rate, Stated Percentage 8.00%   8.00%   8.00%
Interest Expense $ 133,174 $ 62,670 $ 394,295 $ 62,670  
Short-term Debt, Average Outstanding Amount     $ 6,419,099   $ 1,678,803
XML 53 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
RELATED PARTY BALANCES AND TRANSACTIONS (Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Due to Related Parties, Total $ 1,085,480 $ 1,031,805
Mao [Member]    
Due to Related Parties, Total [1] $ 1,085,480 $ 1,031,805
[1] Jianping Mao (“Mao”), the wife of the Vice General Manager of Hong Kong Takung.
XML 54 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
RELATED PARTY BALANCES AND TRANSACTIONS (Details Textual)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2017
HKD
Dec. 31, 2016
USD ($)
Related Party Transaction [Line Items]            
Interest Expense $ 133,174 $ 62,670 $ 394,295 $ 62,670    
Debt Instrument, Interest Rate, Stated Percentage 8.00%   8.00%   8.00% 8.00%
Due to Related Parties $ 1,085,480   $ 1,085,480     $ 1,031,805
Jianping Mao [Member]            
Related Party Transaction [Line Items]            
Interest Expense $ 20,652 $ 19,941 $ 61,283 $ 19,941    
Debt Instrument, Interest Rate, Stated Percentage 8.00% 8.00% 8.00% 8.00% 8.00%  
Due to Related Parties | HKD         HKD 8,000,000  
Interest Payable, Current | HKD         HKD 478,685  
Debt Instrument, Payment Terms     Mao hereby agreed to extend the maturity date of the Outstanding Principal Loan Amount and the interest thereof by Hong Kong Takung as below: (i) HK$4,500,000 and the interest thereof, together with the Accrued Interest to be due and payable by November 30, 2017; and (ii) HK$3,500,000 together with the interest thereof to be due and payable by December 31, 2017.      
XML 55 R43.htm IDEA: XBRL DOCUMENT v3.8.0.1
INCOME TAXES (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Taxes [Line Items]        
Current $ 159,281 $ 684,801 $ 662,598 $ 1,561,728
Deferred (34,619) (88,069) (68,221) (184,650)
Total provision for income taxes $ 124,662 $ 596,732 $ 594,377 $ 1,377,078
XML 56 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
INCOME TAXES (Details 1) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income before income tax expense $ 151,696 $ 3,048,469 $ 1,651,515 $ 6,041,710
Computed tax expense with statutory tax rate 25,030 502,998 271,806 994,688
Impact of different tax rates in other jurisdictions (73,258) (24,505) (230,651) (254,199)
Non-deductible items:        
Tax effect of non-deductible expenses 25,896 11,117 100,789 32,742
Changes in valuation allowance 146,994 107,122 452,433 603,847
Actual income tax expense $ 124,662 $ 596,732 $ 594,377 $ 1,377,078
XML 57 R45.htm IDEA: XBRL DOCUMENT v3.8.0.1
INCOME TAXES (Details Textual) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Income Taxes [Line Items]          
Operating Loss Carryforwards $ 4,008,459   $ 4,008,459   $ 2,212,890
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 82.20% 19.60% 36.00% 22.80%  
Deferred Tax Assets, Valuation Allowance $ 1,414,445   $ 1,414,445   $ 962,012
Operating Loss Carry forwards, Expiration Period     20 taxable years    
HONG KONG          
Income Taxes [Line Items]          
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent     16.50% 16.50%  
PRC [Member]          
Income Taxes [Line Items]          
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent     25.00%    
XML 58 R46.htm IDEA: XBRL DOCUMENT v3.8.0.1
COMMITMENTS AND CONTINGENCIES (Details)
Sep. 30, 2017
USD ($)
Operating Leased Assets [Line Items]  
Three months ending December 31, 2017 $ 244,960
Year ending December 31, 2018 761,175
Year ending December 31, 2019 223,026
Year ending December 31, 2020 39,999
Year ending December 31, 2021 15,030
Year ending December 31, 2022 and thereafter 53,232
Total $ 1,337,422
XML 59 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating Leased Assets [Line Items]        
Operating Leases, Rent Expense, Net $ 293,338 $ 199,514 $ 721,492 $ 428,440
XML 60 R48.htm IDEA: XBRL DOCUMENT v3.8.0.1
EARNINGS PER SHARE (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Numerator:        
Net income $ 27,034 $ 2,451,737 $ 1,057,138 $ 4,664,632
Denominator:        
Weighted-average shares outstanding - Basic 11,188,882 10,632,276 11,039,880 10,632,276
Stock options and restricted shares 59,806 733,321 358,202 645,569
Weighted-average shares outstanding - Diluted 11,248,688 11,365,597 11,398,082 11,277,845
Earnings per share        
-Basic $ 0.00 $ 0.23 $ 0.10 $ 0.44
-Diluted $ 0.00 $ 0.22 $ 0.09 $ 0.41
XML 61 R49.htm IDEA: XBRL DOCUMENT v3.8.0.1
EARNINGS PER SHARE (Details Textual) - shares
 1 Months Ended 3 Months Ended 9 Months Ended
Mar. 22, 2017
Sep. 30, 2017
Sep. 30, 2017
Sep. 30, 2016
Schedule Of Earnings Per Share [Line Items]        
Incremental Common Shares Attributable to Dilutive Effect of Nonvested Shares with Forfeitable Dividends     487,000 487,000
Common Stock [Member]        
Schedule Of Earnings Per Share [Line Items]        
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross   109,160    
Regeneration [Member]        
Schedule Of Earnings Per Share [Line Items]        
Stock Issued During Period, Shares, Restricted Stock Award, Gross 487,000      
EXCEL 62 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 63 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 64 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 66 FilingSummary.xml IDEA: XBRL DOCUMENT 3.8.0.1 html 67 176 1 true 26 0 false 6 false false R1.htm 101 - Document - Document And Entity Information Sheet http://www.cardigant.com/role/DocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 102 - Statement - INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS Sheet http://www.cardigant.com/role/InterimCondensedConsolidatedBalanceSheets INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 103 - Statement - INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] Sheet http://www.cardigant.com/role/InterimCondensedConsolidatedBalanceSheetsParenthetical INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] Statements 3 false false R4.htm 104 - Statement - INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Sheet http://www.cardigant.com/role/InterimCondensedConsolidatedStatementsOfIncomeAndComprehensiveIncome INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Statements 4 false false R5.htm 105 - Statement - INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Sheet http://www.cardigant.com/role/InterimCondensedConsolidatedStatementOfCashFlows INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Statements 5 false false R6.htm 106 - Disclosure - ORGANIZATION AND DESCRIPTION OF BUSINESS Sheet http://www.cardigant.com/role/OrganizationAndDescriptionOfBusiness ORGANIZATION AND DESCRIPTION OF BUSINESS Notes 6 false false R7.htm 107 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://www.cardigant.com/role/SummaryOfSignificantAccountingPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 7 false false R8.htm 108 - Disclosure - PREPAYMENT AND OTHER CURRENT ASSETS Sheet http://www.cardigant.com/role/PrepaymentAndOtherCurrentAssets PREPAYMENT AND OTHER CURRENT ASSETS Notes 8 false false R9.htm 109 - Disclosure - ACCOUNT RECEIVABLES, NET Sheet http://www.cardigant.com/role/AccountReceivablesNet ACCOUNT RECEIVABLES, NET Notes 9 false false R10.htm 110 - Disclosure - LOAN RECEIVABLES Sheet http://www.cardigant.com/role/LoanReceivables LOAN RECEIVABLES Notes 10 false false R11.htm 111 - Disclosure - PROPERTY AND EQUIPMENT, NET Sheet http://www.cardigant.com/role/PropertyAndEquipmentNet PROPERTY AND EQUIPMENT, NET Notes 11 false false R12.htm 112 - Disclosure - ACCRUED EXPENSES AND OTHER PAYABLES Sheet http://www.cardigant.com/role/AccruedExpensesAndOtherPayables ACCRUED EXPENSES AND OTHER PAYABLES Notes 12 false false R13.htm 113 - Disclosure - SHORT-TERM BORROWINGS FROM THIRD PARTIES Sheet http://www.cardigant.com/role/ShorttermBorrowingsFromThirdParties SHORT-TERM BORROWINGS FROM THIRD PARTIES Notes 13 false false R14.htm 114 - Disclosure - RELATED PARTY BALANCES AND TRANSACTIONS Sheet http://www.cardigant.com/role/RelatedPartyBalancesAndTransactions RELATED PARTY BALANCES AND TRANSACTIONS Notes 14 false false R15.htm 115 - Disclosure - INCOME TAXES Sheet http://www.cardigant.com/role/IncomeTaxes INCOME TAXES Notes 15 false false R16.htm 116 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://www.cardigant.com/role/CommitmentsAndContingencies COMMITMENTS AND CONTINGENCIES Notes 16 false false R17.htm 117 - Disclosure - EARNINGS PER SHARE Sheet http://www.cardigant.com/role/EarningsPerShare EARNINGS PER SHARE Notes 17 false false R18.htm 118 - Disclosure - SUBSEQUENT EVENT Sheet http://www.cardigant.com/role/SubsequentEvent SUBSEQUENT EVENT Notes 18 false false R19.htm 119 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://www.cardigant.com/role/SummaryOfSignificantAccountingPoliciesPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 19 false false R20.htm 120 - Disclosure - PREPAYMENT AND OTHER CURRENT ASSETS (Tables) Sheet http://www.cardigant.com/role/PrepaymentAndOtherCurrentAssetsTables PREPAYMENT AND OTHER CURRENT ASSETS (Tables) Tables http://www.cardigant.com/role/PrepaymentAndOtherCurrentAssets 20 false false R21.htm 121 - Disclosure - ACCOUNT RECEIVABLES, NET (Tables) Sheet http://www.cardigant.com/role/AccountReceivablesNetTables ACCOUNT RECEIVABLES, NET (Tables) Tables http://www.cardigant.com/role/AccountReceivablesNet 21 false false R22.htm 122 - Disclosure - LOAN RECEIVABLES (Tables) Sheet http://www.cardigant.com/role/LoanReceivablesTables LOAN RECEIVABLES (Tables) Tables http://www.cardigant.com/role/LoanReceivables 22 false false R23.htm 123 - Disclosure - PROPERTY AND EQUIPMENT, NET (Tables) Sheet http://www.cardigant.com/role/PropertyAndEquipmentNetTables PROPERTY AND EQUIPMENT, NET (Tables) Tables http://www.cardigant.com/role/PropertyAndEquipmentNet 23 false false R24.htm 124 - Disclosure - ACCRUED EXPENSES AND OTHER PAYABLES (Tables) Sheet http://www.cardigant.com/role/AccruedExpensesAndOtherPayablesTables ACCRUED EXPENSES AND OTHER PAYABLES (Tables) Tables http://www.cardigant.com/role/AccruedExpensesAndOtherPayables 24 false false R25.htm 125 - Disclosure - SHORT-TERM BORROWINGS FROM THIRD PARTIES (Tables) Sheet http://www.cardigant.com/role/ShorttermBorrowingsFromThirdPartiesTables SHORT-TERM BORROWINGS FROM THIRD PARTIES (Tables) Tables http://www.cardigant.com/role/ShorttermBorrowingsFromThirdParties 25 false false R26.htm 126 - Disclosure - RELATED PARTY BALANCES AND TRANSACTIONS (Tables) Sheet http://www.cardigant.com/role/RelatedPartyBalancesAndTransactionsTables RELATED PARTY BALANCES AND TRANSACTIONS (Tables) Tables http://www.cardigant.com/role/RelatedPartyBalancesAndTransactions 26 false false R27.htm 127 - Disclosure - INCOME TAXES (Tables) Sheet http://www.cardigant.com/role/IncomeTaxesTables INCOME TAXES (Tables) Tables http://www.cardigant.com/role/IncomeTaxes 27 false false R28.htm 128 - Disclosure - COMMITMENTS AND CONTINGENCIES (Tables) Sheet http://www.cardigant.com/role/CommitmentsAndContingenciesTables COMMITMENTS AND CONTINGENCIES (Tables) Tables http://www.cardigant.com/role/CommitmentsAndContingencies 28 false false R29.htm 129 - Disclosure - EARNINGS PER SHARE (Tables) Sheet http://www.cardigant.com/role/EarningsPerShareTables EARNINGS PER SHARE (Tables) Tables http://www.cardigant.com/role/EarningsPerShare 29 false false R30.htm 130 - Disclosure - ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Textual) Sheet http://www.cardigant.com/role/OrganizationAndDescriptionOfBusinessDetailsTextual ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Textual) Details http://www.cardigant.com/role/OrganizationAndDescriptionOfBusiness 30 false false R31.htm 131 - Disclosure - PREPAYMENT AND OTHER CURRENT ASSETS (Details) Sheet http://www.cardigant.com/role/PrepaymentAndOtherCurrentAssetsDetails PREPAYMENT AND OTHER CURRENT ASSETS (Details) Details http://www.cardigant.com/role/PrepaymentAndOtherCurrentAssetsTables 31 false false R32.htm 132 - Disclosure - ACCOUNT RECEIVABLES, NET (Details) Sheet http://www.cardigant.com/role/AccountReceivablesNetDetails ACCOUNT RECEIVABLES, NET (Details) Details http://www.cardigant.com/role/AccountReceivablesNetTables 32 false false R33.htm 133 - Disclosure - ACCOUNT RECEIVABLES, NET (Details Taxtual) Sheet http://www.cardigant.com/role/AccountReceivablesNetDetailsTaxtual ACCOUNT RECEIVABLES, NET (Details Taxtual) Details http://www.cardigant.com/role/AccountReceivablesNetTables 33 false false R34.htm 134 - Disclosure - LOAN RECEIVABLES (Details) Sheet http://www.cardigant.com/role/LoanReceivablesDetails LOAN RECEIVABLES (Details) Details http://www.cardigant.com/role/LoanReceivablesTables 34 false false R35.htm 135 - Disclosure - LOAN RECEIVABLES (Details Textual) Sheet http://www.cardigant.com/role/LoanReceivablesDetailsTextual LOAN RECEIVABLES (Details Textual) Details http://www.cardigant.com/role/LoanReceivablesTables 35 false false R36.htm 136 - Disclosure - PROPERTY AND EQUIPMENT, NET (Details) Sheet http://www.cardigant.com/role/PropertyAndEquipmentNetDetails PROPERTY AND EQUIPMENT, NET (Details) Details http://www.cardigant.com/role/PropertyAndEquipmentNetTables 36 false false R37.htm 137 - Disclosure - PROPERTY AND EQUIPMENT, NET (Details Textual) Sheet http://www.cardigant.com/role/PropertyAndEquipmentNetDetailsTextual PROPERTY AND EQUIPMENT, NET (Details Textual) Details http://www.cardigant.com/role/PropertyAndEquipmentNetTables 37 false false R38.htm 138 - Disclosure - ACCRUED EXPENSES AND OTHER PAYABLES (Details) Sheet http://www.cardigant.com/role/AccruedExpensesAndOtherPayablesDetails ACCRUED EXPENSES AND OTHER PAYABLES (Details) Details http://www.cardigant.com/role/AccruedExpensesAndOtherPayablesTables 38 false false R39.htm 139 - Disclosure - SHORT-TERM BORROWINGS FROM THIRD PARTIES (Details) Sheet http://www.cardigant.com/role/ShorttermBorrowingsFromThirdPartiesDetails SHORT-TERM BORROWINGS FROM THIRD PARTIES (Details) Details http://www.cardigant.com/role/ShorttermBorrowingsFromThirdPartiesTables 39 false false R40.htm 140 - Disclosure - SHORT-TERM BORROWINGS FROM THIRD PARTIES (Details Textual) Sheet http://www.cardigant.com/role/ShorttermBorrowingsFromThirdPartiesDetailsTextual SHORT-TERM BORROWINGS FROM THIRD PARTIES (Details Textual) Details http://www.cardigant.com/role/ShorttermBorrowingsFromThirdPartiesTables 40 false false R41.htm 141 - Disclosure - RELATED PARTY BALANCES AND TRANSACTIONS (Details) Sheet http://www.cardigant.com/role/RelatedPartyBalancesAndTransactionsDetails RELATED PARTY BALANCES AND TRANSACTIONS (Details) Details http://www.cardigant.com/role/RelatedPartyBalancesAndTransactionsTables 41 false false R42.htm 142 - Disclosure - RELATED PARTY BALANCES AND TRANSACTIONS (Details Textual) Sheet http://www.cardigant.com/role/RelatedPartyBalancesAndTransactionsDetailsTextual RELATED PARTY BALANCES AND TRANSACTIONS (Details Textual) Details http://www.cardigant.com/role/RelatedPartyBalancesAndTransactionsTables 42 false false R43.htm 143 - Disclosure - INCOME TAXES (Details) Sheet http://www.cardigant.com/role/IncomeTaxesDetails INCOME TAXES (Details) Details http://www.cardigant.com/role/IncomeTaxesTables 43 false false R44.htm 144 - Disclosure - INCOME TAXES (Details 1) Sheet http://www.cardigant.com/role/IncomeTaxesDetails1 INCOME TAXES (Details 1) Details http://www.cardigant.com/role/IncomeTaxesTables 44 false false R45.htm 145 - Disclosure - INCOME TAXES (Details Textual) Sheet http://www.cardigant.com/role/IncomeTaxesDetailsTextual INCOME TAXES (Details Textual) Details http://www.cardigant.com/role/IncomeTaxesTables 45 false false R46.htm 146 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details) Sheet http://www.cardigant.com/role/CommitmentsAndContingenciesDetails COMMITMENTS AND CONTINGENCIES (Details) Details http://www.cardigant.com/role/CommitmentsAndContingenciesTables 46 false false R47.htm 147 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details Textual) Sheet http://www.cardigant.com/role/CommitmentsAndContingenciesDetailsTextual COMMITMENTS AND CONTINGENCIES (Details Textual) Details http://www.cardigant.com/role/CommitmentsAndContingenciesTables 47 false false R48.htm 148 - Disclosure - EARNINGS PER SHARE (Details) Sheet http://www.cardigant.com/role/EarningsPerShareDetails EARNINGS PER SHARE (Details) Details http://www.cardigant.com/role/EarningsPerShareTables 48 false false R49.htm 149 - Disclosure - EARNINGS PER SHARE (Details Textual) Sheet http://www.cardigant.com/role/EarningsPerShareDetailsTextual EARNINGS PER SHARE (Details Textual) Details http://www.cardigant.com/role/EarningsPerShareTables 49 false false All Reports Book All Reports tkat-20170930.xml tkat-20170930.xsd tkat-20170930_cal.xml tkat-20170930_def.xml tkat-20170930_lab.xml tkat-20170930_pre.xml http://xbrl.sec.gov/country/2017-01-31 http://xbrl.sec.gov/dei/2014-01-31 http://fasb.org/us-gaap/2017-01-31 true true ZIP 68 0001144204-17-059117-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001144204-17-059117-xbrl.zip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