0001144204-16-134078.txt : 20161114 0001144204-16-134078.hdr.sgml : 20161111 20161114150910 ACCESSION NUMBER: 0001144204-16-134078 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 58 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161114 DATE AS OF CHANGE: 20161114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EDUCATION CENTER, INC. CENTRAL INDEX KEY: 0001626556 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 383941544 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-201029 FILM NUMBER: 161994069 BUSINESS ADDRESS: STREET 1: 2 WALL STREET STREET 2: FL. 8 CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: 2128250437 MAIL ADDRESS: STREET 1: 2 WALL STREET STREET 2: FL. 8 CITY: NEW YORK STATE: NY ZIP: 10005 10-Q 1 v452702_10q.htm 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended September 30, 2016, 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: 333-201029

AMERICAN EDUCATION CENTER, INC.

(Exact Name of Registrant as Specified in Its Charter)

Nevada

(State of Other Jurisdiction of Incorporation or
Organization)

38-3941544

(I.R.S. Employer Identification No.)

2 Wall Street, 8^th Floor, New York, NY

(Address of Principal Executive Offices)

10005

(ZIP Code)

(212) 825-0437

(Registrant’s Telephone Number, Including Area Code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Sections 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.

Yes x

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 during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes x

No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer ¨		Accelerated filer ¨
Non-accelerated filer ¨		Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ¨

No x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. 32,350,000 as of November 11, 2016.

TABLE OF CONTENTS

	Page

PART I—FINANCIAL INFORMATION	4
Item 1.	4
Item 2.	23
Item 3.	29
Item 4.	30
PART II—OTHER INFORMATION	31
Item 1	31

Throughout this Quarterly Report on Form 10-Q, the “Company”, “we,” “us,” and “our,” refer to (i) American Education Center, Inc., a Nevada corporation (“AEC Nevada”), and (ii) American Education Center, Inc., a New York corporation ("AEC New York"), unless otherwise indicated or the context otherwise requires.

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains certain forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). The statements herein which are not historical reflect our current expectations and projections about the Company’s future results, performance, liquidity, financial condition, prospects and opportunities and are based upon information currently available to us and our management and our interpretation of what we believe to be significant factors affecting our business, including many assumptions about future events. Such forward-looking statements include statements regarding, among other things:

our ability to produce, market and generate sales of our products and services;

our ability to develop and/or introduce new products and services;

our projected future sales, profitability and other financial metrics;

our future financing plans;

our anticipated needs for working capital;

the anticipated trends in our industry;

our ability to expand our sales and marketing capability;

acquisitions of other companies or assets that we might undertake in the future;

competition existing today or that will likely arise in the future; and

other factors discussed elsewhere herein.

Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words “may,” “should,” “will,” “plan,” “could,” “target,” “contemplate,” “predict,” “potential,” “continue,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “seek,” or “project” or the negative of these words or other variations on these or similar words. Actual results, performance, liquidity, financial condition and results of operations, prospects and opportunities could differ materially from those expressed in, or implied by, these forward-looking statements as a result of various risks, uncertainties and other factors, including the ability to raise sufficient capital to continue the Company’s operations. These statements may be found under Part I, Item 2—“Management’s Discussion and Analysis of Financial Condition and Results of Operations,” as well as elsewhere in this Quarterly Report on Form 10-Q generally. Actual events or results may differ materially from those discussed in forward-looking statements as a result of various factors, including, without limitation, matters described in this Quarterly Report on Form 10-Q.

In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this Quarterly Report on Form 10-Q will in fact occur.

Potential investors should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, there is no undertaking to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

The forward-looking statements in this Quarterly Report on Form 10-Q represent our views as of the date of this Quarterly Report on Form 10-Q. Such statements are presented only as a guide about future possibilities and do not represent assured events, and we anticipate that subsequent events and developments will cause our views to change. You should, therefore, not rely on these forward-looking statements as representing our views as of any date after the date of this Quarterly Report on Form 10-Q.

This Quarterly Report on Form 10-Q also contains estimates and other statistical data prepared by independent parties and by us relating to market size and growth and other data about our industry. These estimates and data involve a number of assumptions and limitations, and potential investors are cautioned not to give undue weight to these estimates and data. We have not independently verified the statistical and other industry data generated by independent parties and contained in this Quarterly Report on Form 10-Q. In addition, projections, assumptions and estimates of our future performance and the future performance of the industries in which we operate are necessarily subject to a high degree of uncertainty and risk.

Potential investors should not make an investment decision based solely on our projections, estimates or expectations.

PART I.

FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

AMERICAN EDUCATION CENTER, INC. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS

	September 30,			December 31,
ASSETS	2016			2015
	(Unaudited)

Current assets:
Cash (Note2)	$	281,544		$	1,093,755
Accounts receivable (Note 2)		797,038			1,114,280
Prepaid expenses		16,170			96,000

Total current assets		1,094,752			2,304,035

Noncurrent assets:
Deferred income taxes (Notes 2 and 10)		73,719			-
Security deposits (Note 4)		266,021			266,021

Total noncurrent assets		339,740			266,021

TOTAL ASSETS	$	1,434,492		$	2,570,056

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
Accounts payable and accrued expenses	$	301,789		$	994,291
Income taxes payable		185,238			216,812
Deferred revenue (Note 5)		-			553,624
Advances from clients (Note 6)		157,469			63,679
Loan from stockholder (Note 7)		88,551			88,551

Total current liabilities		733,047			1,916,957

Noncurrent liabilities:
Deferred rent		141,072			104,195
Long-term loan (Note 8)		295,579			295,579

Total liabilities		1,169,698			2,316,731

Stockholders’ equity:
Preferred stock, $0.001 par value; 20,000,000 shares authorized; none issued		-			-

Common stock, $0.001 par value; 180,000,000 shares authorized; 32,350,000 and 30,000,000 shares issued and outstanding, at September 30, 2016 and December 31, 2015 (Note 12)		32,350			30,000

Additional paid-in capital		307,326			214,176
(Deficit) retained earnings		(74,882	)		9,149

Total stockholders' equity		264,794			253,325

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,434,492		$	2,570,056

See accompanying notes to consolidated financial statements.

AMERICAN EDUCATION CENTER, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015

Revenues (Note 2)	$	969,959		$	1,650,061		$	4,880,614		$	4,583,541

Costs and expenses:
Consulting services		788,573			1,918,936			3,845,760			2,823,930
Application fees		5,700			4,898			53,272			28,558
General and administrative		306,071			634,141			1,165,985			1,803,619

Total costs and expenses		1,100,344			2,557,975			5,065,017			4,656,107

(Loss) income from operations		(130,385	)		(298,538	)		(184,403	)		(72,566	)
Other income (loss)		2,409			(361	)		7,602			945

(Loss) income before (benefit from) provision for income taxes		(127,976	)		(298,899	)		(176,801	)		(71,621	)
(Benefit from) provision for income taxes		(76,028	)		(47,952	)		(92,770	)		77,251

Net (loss) income	$	(51,948	)	$	(250,947	)	$	(84,031	)	$	(148,872	)

(Loss) earnings per share - basic and diluted	$	(0.00	)	$	(0.01	)	$	(0.00	)	$	(0.01	)

Weighted average shares outstanding, basic and diluted		31,558,889			21,000,000			30,584,000			21,000,000

See accompanying notes to consolidated financial statements.

AMERICAN EDUCATION CENTER, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED)

FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2016

					Additional		Retained
	Common stock				paid-in		earnings
	Shares		Amount		Capital		(Deficit)			Total

Balance-December 31, 2015		30,000,000	$	30,000	$	214,176	$	9,149		$	253,325
Issuance of common stock for services		2,350,000		2,350		93,150		-			95,500
Net (loss)		-		-		-		(84,031	)		(84,031	)

Balance-September 30, 2016-unaudited		32,350,000	$	32,350	$	307,326	$	(74,882	)	$	264,794

See accompanying notes to consolidated financial statements.

AMERICAN EDUCATION CENTER, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

	For the Nine Months Ended September 30,
	2016			2015

Cash flows from operating activities:
Net (loss) income	$	(84,031	)	$	(148,872	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Deferred income taxes		(73,719	)		91,064
Deferred rent expense		36,877			76,315
Stock issuance for services		95,500			-
Change in operating assets and liabilities:
Decrease (increase) in accounts receivable		317,242			(796,667	)
Decrease in prepaid expenses		79,830			-
(Decrease) increase in accounts payable		(692,502	)		445,944
(Decrease) in corporate taxes payable		(31,574	)		-
(Decrease) increase in deferred revenue		(553,624	)		349,119
Increase in advances from clients		93,790			9,050

Net cash (used in) provided by operating activities		(812,211	)		25,953

Cash flows from financing activities:
Proceeds from prepaid stock subscriptions		-			51,836

Net cash (used in) provided by financing activities		-			51,836

Net change in cash		(812,211	)		77,789
Cash, beginning of period		1,093,755			82,572

Cash, end of period	$	281,544		$	160,361

Supplemental disclosure of cash flow information

Cash paid for income taxes	$	-		$	-

Cash paid for interest	$	22,167		$	24,519

See accompanying notes to consolidated financial statements.

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOr the NINE MONTHS ended SEPTEMBER 30, 2016 and 2015

ORGANIZATION AND BUSINESS

American Education Center, Inc. (“AEC New York”) is a New York Corporation organized on November 8, 1999 and is licensed by the Education Department of the State of New York to engage in education related consulting services between the United States and China.

On May 7, 2014, the President/sole shareholder of AEC New York formed a new company (“AEC Nevada”) in the State of Nevada with the same name. On May 31, 2014, the President/sole shareholder of AEC New York exchanged his 200 shares for 10,563,000 shares of AEC Nevada. This exchange made AEC New York a wholly owned subsidiary of AEC Nevada, collectively the “Company.”

The Company’s primary goal is to build upon the concept of “one-stop comprehensive services” for international students, educators, and institutions. The Company has been devoted to international education exchanges, by providing educational and career enrichment opportunities for students, teachers, and educational institutions between China and the United States. The Company currently provides admission, visa, housing and other consulting services to Chinese students wishing to study in the United States. The Company also provides exchange and placement services for qualified United States educators to teach in China. In addition, the Company provides localization consulting services which are for employees coming to the United States to work for multi-national companies with operations here.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting and Presentation

The unaudited interim financial statements of the Company as of September 30, 2016 and for the three and nine months ended September 30, 2016 and 2015, have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”) which apply to interim financial statements. Accordingly, they do not include all of the information and footnotes normally required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results for the periods presented. The results of operations for the three and nine months ended September 30, 2016 are not necessarily indicative of the results to be expected for future quarters or for the year ending December 31, 2016.

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOr the NINE MONTHS ended September 30, 2016 and 2015

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Basis of Accounting and Presentation (continued)

The accompanying consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The consolidated financial statements are comprised of AEC Nevada and its wholly owned subsidiary, AEC New York. All significant intercompany accounts and transactions have been eliminated in consolidation.

Cash and Cash Equivalents

The Company considers all liquid investments with an original maturity of three months or less to be cash equivalents.

Accounts Receivable

The Company carries its accounts receivable at cost less an allowance for doubtful accounts if required. On a periodic basis, management evaluates accounts receivable balances and establishes an allowance for doubtful accounts, based on history of past write-offs and collections, when necessary. As of September 30, 2016, the Company considers all accounts receivable to be fully collectible and, therefore, did not provide for an allowance for doubtful accounts.

Revenue Recognition

Revenue is recorded pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 605, Revenue Recognition, when persuasive evidence of an arrangement exists, delivery of the services has occurred, the fee is fixed or determinable and collectability is reasonably assured.

The Company offers a limited refund policy to students who have received consulting services regarding their H1B visas. Services for H1B consulting are prepaid. The Company prepares the filing for the visas for $2,000, which is non-refundable. If the visa application is accepted, the remaining prepayment will be recognized as revenue, if not, the remaining prepayment is refunded. The unearned prepaid advances are shown as “advances from clients” in the consolidated balance sheets.

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOr the NINE MONTHS ended September 30, 2016 and 2015

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Concentration of Credit and Business Risk

The Company maintains its cash accounts at 3 commercial banks. The Federal Deposit Insurance Corporation (“FDIC”) insures up to $250,000 per bank for the total of all depository accounts. At September 30, 2016, there were no cash balances in excess of the FDIC insured limits.

The following table represents certain information about the Company’s major customers which individually accounted for more than 10% of the Company’s gross revenue for the nine months ended September 30:

	2016
	Gross Revenue		Percentage			Accounts Receivable		Percentage

Customer 1	$	814,000		16.7	%	$	-		-
Customer 2		1,271,590		26.1	%		218,650		27.4	%

	2015
	Gross Revenue		Percentage			Accounts Receivable		Percentage

Customer 1	$	825,050		18.0	%	$	210,000		26.3	%

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 AND 2015

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Stock-Based Compensation

The fair value of stock options issued to third party consultants and to employees, officers and directors are recorded in accordance with the measurement and recognition criteria of FASB ASC 505-50, Equity-Based Payments to Non-Employees and FASB ASC 718, Compensation – Stock Based Compensation, respectively.

The options are valued using the Black-Scholes valuation method. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to the Company’s expected stock price volatility over the expected term of the awards, and actual and projected stock option exercise behaviors.

Because the Company’s stock options have characteristics different from those of its traded stock, and because changes in the subjective input assumptions can materially affect the fair value estimate, in management’s opinion, the existing models do not necessarily provide a reliable single measure of the fair value of such stock.

Income Taxes

The Company accounts for income taxes in accordance with FASB ASC 740, Income Taxes (“ASC 740”), which requires the recognition of deferred income taxes for differences between the basis of assets and liabilities for financial statement and income tax purposes. Deferred tax assets and liabilities represent the future tax consequences for those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred taxes are also recognized for operating losses that are available to offset future taxable income. A valuation allowance is established when necessary to reduce deferred tax assets to the amount expected to be realized.

ASC 740 also addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is “more likely than not” that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on derecognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions. As of September 30, 2016 and December 31, 2015, the Company does not have a liability for any unrecognized tax benefits.

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 AND 2015

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Fair Value of Financial Measurements

FASB ASC 820, Fair Value Measurement, specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs). In accordance with ASC 820, the following summarizes the fair value hierarchy:

Level 1 Inputs –	Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access.

Level 2 Inputs –	Inputs other than the quoted prices in active markets that are observable either directly or indirectly.

Level 3 Inputs –	Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements.

FASB ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.

The Company did not identify any assets or liabilities that are required to be presented at fair value on a recurring basis. Non-derivative financial instruments include cash, accounts receivable, prepaid expenses, accounts payable and accrued expenses, loan from stockholder and advances from clients. As of September 30, 2016 and December 31, 2015, the carrying values of these financial instruments approximated their fair values due to their short term nature.

Use of Estimates

The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 AND 2015

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Earnings (Loss) per Share

The Company computes net income (loss) per common share in accordance with FASB ASC 260, Earnings Per Share (“ASC 260”). Under the provisions of ASC 260, basic net income (loss) per common share is computed by dividing the amount available to common stockholders by the weighted average number of shares of common stock outstanding during the period.

Diluted earnings per share is based on the assumption that all dilutive convertible shares and stock options are converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. The Company’s common stock equivalents were excluded in the computation of diluted net (loss) per share since their inclusion would be anti-dilutive. Basic and diluted shares outstanding are the same for the three and nine months ended September 30, 2015 and 2016. Total shares issuable upon the exercise of all outstanding stock options for the nine months ended September 30, 2016 and 2015 were as follows:

	2016		2015

Common stock equivalents – stock options		2,200,000		-

RECENTLY ISSUED ACCOUNTING STANDARDS

In February 2016, the FASB issued Accounting Standards Updates (“ASU”) 2016-02, Leases. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. We are currently evaluating the impact of our pending adoption of the new standard on our financial statements.

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 AND 2015

RECENTLY ISSUED ACCOUNTING STANDARDS (continued)

In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. ASU 2014-15 provides guidance in GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. In doing so, the amendments should reduce diversity in the timing and content of footnote disclosures. The amendments in ASU 2014-15 are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. This accounting standard update is not expected to have a material impact on the Company’s financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. The core principle of this updated guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new rule also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. This guidance, after amendment is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Companies are permitted to adopt this new rule following either a full or modified retrospective approach. Early adoption is not permitted. This accounting standard update is not expected to have a material impact on the Company’s financial statements.

SECURITY DEPOSITS

The Company has security deposits with the landlords of $266,021 as of September 30, 2016 and December 31, 2015.

DEFERRED REVENUE

The Company receives advance payments for services to be performed and recognizes deferred revenue when the services have been rendered. The deferred revenue at September 30, 2016 and December 31, 2015 was $0 and $553,624, respectively.

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 AND 2015

ADVANCES FROM CLIENTS

The services for H1B visas require prepayment to the Company which has been shown as advances from clients on the balance sheets.

The advances from clients at September 30, 2016 and December 31, 2015 were $157,469 and $63,679, respectively. The Company has received all the results on the 2016 H1B applications as of September 30, 2016, revenue was recognized for the cases selected, all remaining advances will be refunded by the end of 2016.

RELATED-PARTY TRANSACTIONS

The loan from stockholder represents an unsecured non-interest bearing loan, arising from expenses paid on behalf of the Company. The loan is due on demand.

The Company’s President/Chairman/Chief Financial Officer/Secretary has a 34% interest in Columbia International College, Inc. (“CIC”). In the normal course of business, the Company conducts certain transactions with CIC. Included in accounts receivable is an amount due from CIC of $21,500 as of September 30, 2016 and December 31, 2015. The Company paid $25,000 and $245,000 for consulting services to CIC for the three and nine months ended September 30, 2016, respectively.

LONG-TERM LOAN

On December 1, 2014, a third party, who is also a client, loaned the Company $295,579, with interest at 10%. The loan is to be repaid on December 13, 2019. Interest will be paid on the last day of each quarter from 2015 to 2019, except for the last payment on December 12, 2019. The Company paid the interest for the first, second, and third quarter at the end of December, 2015. The Company paid the interest for the fourth quarter of 2015 in January 2016, which created a technical default for late payment. A waiver was issued on March 23, 2016 to waive this default. The Company paid the interest for each of the three months periods ended March 31, 2016, June 30, 2016 and September 30, 2016. Interest expense for the three and nine months ended September 30, 2016 and 2015 was $7,398, $22,167, $7,949, and $24,519, respectively.

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 AND 2015

LEASE COMMITMENTS

In December 2014, the Company entered into a lease for office space with an unrelated party, expiring on July 31, 2025. The lease was to commence on December 11, 2014, however, due to renovation issues, the lease was changed and commenced on March 1, 2015 and the Company received two months of free rent. Due to free rent and escalating monthly rental, utilities, real estate taxes, insurance and other operating expenses, the lease has been straight-lined for financial statement purposes which created deferred rent as shown on the balance sheets. In November 2015, the Company entered into a sublease agreement to lease space to an unrelated third party for a monthly rental of $3,000 for the first three months and $1,500 for the remainder of the lease term. The sublease commenced on December 1, 2015 and expires on November 30, 2016. In November 2015, the Company entered into another sublease agreement to lease space to an unrelated third party for a monthly rental of $20,000. The sublease commenced on April 1, 2016 and expires on March 31, 2017. The sublease income will be netted against the Company’s rent expense. The future rent income to be received in 2016 and 2017 will be $60,120 and $60,120, respectively. Rent expense, net of sublease income, was approximately $33,000, $168,000, $153,000 and $381,000 for the three and nine months ended September 30, 2016 and 2015, respectively.

Future minimum lease commitments are as follows:

Year Ending December 31,	Amount

2016	$	360,606
2017		369,621
2018		378,862
2019		388,333
2020		418,604
Thereafter		2,105,734

Total	$	4,021,760

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 AND 2015

10.

Income taxes

The component of deferred tax assets at September 30, 2016 and December 31, 2015 is as follows:

	September 30, 2016		December 31, 2015

Net operating loss carry forwards	$	73,719	$	-

The (benefit) provision for income taxes for the three and nine months ended September 30 consist of the following:

	Three Months Ended, September 30,						Nine Months Ended, September 30,
	2016			2015			2016			2015

Current	$	(19,101	)	$	(44,365	)	$	(19,051	)	$	(13,813	)
Deferred		(56,927	)		(3,587	)		(73,719	)		91,064

Total	$	(76,028	)	$	(47,952	)	$	(92,770	)	$	77,251

The Company’s tax returns are subject to examination by the federal, state and city taxing authorities. The 2012, 2013, 2014 and 2015 tax years are open and subject to examination by the taxing authorities. The Company is not currently under examination nor have they been notified by the authorities.

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 AND 2015

10.

Income taxes (continued)

A reconciliation of the (benefit) provision for income taxes, with the amount computed by applying the statutory Federal income tax rate for the three and nine months ended September 30 is as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015

Tax at federal statutory rate		34.0	%		(34.0	)%		34.0	%		(34.0	)%
State and local taxes, net of federal benefit		10.8			(10.8	)		10.8			(10.8	)
Valuation allowance		-			44.8			-			44.8
Changes in tax reserves		14.6			0.0			7.7			0.0

Total		59.4	%		0	%		52.5	%		0	%

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 AND 2015

11.

STOCK OPTIONS

On November 2015, the Board of Directors (the “Board”) adopted an Equity Incentive Plan (“Plan”). The purpose of the Plan is to attract, retain and motivate employees, directors and persons affiliated with the Company and to provide such participants with additional incentive and reward opportunities. The awards may be in the form of incentive stock options and non-qualified stock options. The accumulated number of shares of stock reserved for issuance as of September 30, 2016 and December 31, 2015 are 2,200,000 and 400,000, respectively.

On November 27, 2015, the Company granted to two third party consultants, options to purchase 100,000 and 300,000 shares of common stock, respectively. For the 100,000 stock options, 40,000 options vest on July 1, 2016 and expire on June 30, 2021 with an exercise price of $1.00 per share; 30,000 options vest on July 1, 2017 and expire on June 30, 2022 with an exercise price of $2.00 per share; and 30,000 options vest on July 1, 2018 and expire on June 30, 2023 with an exercise price of $3.00 per share. For the 300,000 stock options, 100,000 options vest on July 1, 2016 and expire on June 30, 2021 with an exercise price of $1.00 per share; 100,000 options vest on July 1, 2017 and expire on June 30, 2022 with an exercise price of $2.00 per share; 100,000 options vest on July 1, 2018 and expire on June 30, 2023 with an exercise price of $3.00 per share.

Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:

	November 17, 2015

Expected dividend yield	$	-
Expected stock price volatility		0.01	%
Risk free interest rate		0.32	%
Expected life (years)		5 years

On June 30, 2016, the Company approved the issuance of non-qualified stock options for the purchase of an aggregate of 1,500,000 shares of common stock to certain employee and persons affiliated with the Company. 500,000 options vest on July 1, 2017 and expire on June 30, 2022 with an exercise price of $1.00 per share; 500,000 options vest on July 1, 2018 and expire on June 30, 2023 with an exercise price of $2.00 per share; 500,000 options vest on July 1, 2019 and expire on June 30, 2024 with an exercise price of $3.00 per share.

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 AND 2015

11.

STOCK OPTIONS (continued)

Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:

	June 30, 2016

Expected dividend yield	$	-
Expected stock price volatility		0.01	%
Risk free interest rate		0.32	%
Expected life (years)		5 years

On August 29, 2016, the Company approved the issuance of non-qualified stock options for the purchase of an aggregate of 300,000 shares of common stock to an employee of the Company. 100,000 options vest on August 29, 2017 and expire on August 28, 2022 with an exercise price of $2.00 per share; 100,000 options vest on August 29, 2018 and expire on August 28, 2023 with an exercise price of $3.00 per share; 100,000 options vest on August 25, 2019 and expire on August 28, 2024 with an exercise price of $4.00 per share.

Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:

	August 29, 2016

Expected dividend yield	$	-
Expected stock price volatility		0.01	%
Risk free interest rate		0.32	%
Expected life (years)		5 years

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 AND 2015

11.

STOCK OPTIONS (continued)

The Company will issue new shares of common stock upon the exercise of outstanding stock options. The following is a summary of stock option activity:

	Shares		Weighted Average Exercise Price		Weighted- Average Remaining Contractual Life		Aggregate Intrinsic Value

Outstanding at December 31, 2015		400,000	$	2.32		6.82 years	$	-
Granted		1,800,000		2.54		7.10 years		-
Exercised		-		-		-		-
Cancelled and expired		-		-		-		-
Forfeited		-		-		-		-

Outstanding at September 30, 2016		2,200,000	$	2.50		6.92 years	$	-

Vested and expected to vest at September 30, 2016		-		-		-	$	-

Exercisable at September 30, 2016		140,000	$	1.00		5.50 years	$	-

The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock. There were no options exercised during the three and nine months ended September 30, 2016.

The estimated fair value of these options was $0 for the three and nine months ended September 30, 2016 and 2015, respectively.

AMERICAN EDUCATION CENTER, Inc. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 AND 2015

12.

ISSUANCE OF COMMON STOCK

During the nine months ended September 30, 2016, the Company issued 1,550,000 shares of common stock at $0.01 per share and 800,000 shares of common stock at $0.1 per share, respectively, for the exchange of consulting services from unrelated third parties.

13.

SUBSEQUENT EVENTS

The Company’s management has performed subsequent events procedures through November 14, 2016, which is the date the consolidated financial statements were available to be issued. There were no subsequent events requiring adjustment to or disclosure in the consolidated financial statements.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion of the results of our operations and financial condition should be read in conjunction with our consolidated financial statements and the related notes thereto, which appear elsewhere in this Quarterly Report on Form 10-Q. Except for the historical information contained herein, the following discussion, as well as other information in this report, contain “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the “safe harbor” created by those sections. Forward-looking statements are based on information we have when those statements are made or management’s good faith belief as of that time with respect to future events. Actual results and the timing of the events may differ materially from those contained in these forward looking statements due to a number of factors, including those discussed in the “Forward-Looking Statements” set forth elsewhere in this Quarterly Report on Form 10-Q.

Description of Business

American Education Center Inc. was incorporated in Nevada (“AEC Nevada”) in May 2014 as a holding company, and operates through its wholly owned subsidiary, American Education Center Inc., incorporated in the state of New York in 1999 (“AEC New York”). AEC Nevada, together with its wholly owned subsidiary AEC New York, is referred to as the “Company.” The Company is devoted to international education exchange and provides education-related consulting services such as educational and career enrichment opportunities to students, educators and educational institutions in both the PRC and the United States.

AEC New York was approved and licensed by the Education Department of the state of New York in 2003 to engage in education consulting service between the U.S. and China. For fifteen years, AEC New York has devoted itself to international education exchange between China and the United States, by providing education and career enrichment opportunities for students, teachers, and educational institutions from both countries.

Our mission is to provide “one-stop comprehensive services” to international students, educators, educational institutions and corporate entities. Our services include admission applications, visa applications, accommodations and other consulting services to Chinese students who wish to study in the United States, placement services to qualified American educators to teach and live in China, as well as U.S. relocation services to employees of multi-national companies with U.S. operations.

Currently, we primarily provide four types of services: Students Services, Educator Placements, Institution Services, as well as Executive Services. Services to our clients are provided through the Company’s principal executive office in New York, NY, and the three local representative offices in China - Nanjing and Chengdu, as well as a recently opened one in Hangzhou. We plan to open more representative offices in China in the future. Our representative offices are registered with their respective local administrations of industry and commerce effective from August 12, 2014 to August 12, 2019, from February 17, 2014 to February 26, 2019, and from June 1, 2015 to February 12, 2018 respectively. The Company entered into cooperation contracts with business partners in Jiangxi, Shanghai and Shenzhen on May 29, 2014, June 10, 2014 and May 7, 2014, respectively, allowing our business partners to set up representative offices bearing the name of America Education Center in each of these locations. However, as of the date of this quarterly report, we have not yet set up representative offices in Jiangxi, Shanghai or Shenzhen, nor have we registered with local authorities to operate our businesses in these locations.

Our Student Services provide guidance and consulting services to help our customers throughout their application and admission process and during their study and also help them find internship and other career opportunities in the United States. The Company categorizes this service into three programs: academic, life and career. Our academic program focuses on providing admission services, English as a Second Language (ESL) training program, the Elite 100 program, and University Placement Services (UPS) for Chinese students to study in the U.S. Our life program offers consulting services, including personalized VIP service, to assist our Chinese customers to settle down in the U.S. so they can focus effectively on their studies. The Company will refer its customers to the Company’s business partners in the U.S. to assist the customers with purchasing real estate properties, understanding financial management and investment, buying insurance and starting businesses. Our Career Program focuses on assisting clients to improve their career development by identifying internship and work opportunities that are suitable to their educational background and experience level.

Our Educator Placement Program is designed to meet the increasing demands for foreign teachers in both the U.S. and China. Our program helps teachers in the U.S. or China who plan to gain experience in another country find the most suitable positions. We also recruit and place native English speaking teachers for our clients and business partners in China, and recruit and place Chinese-speaking teachers in U.S. educational institutions.

Our Institution Services Program is mainly focused on providing recruiting and consulting services to U.S. schools, colleges and universities to enroll students from China.

Our University Pathway Program (UPP) was established in 2008 and has been offering consulting services to various U.S. universities to enroll qualified international students to such universities and explore possible collaborations with selected universities in China. For our Student Exchange Programs, we recruit and enroll Chinese students in U.S. educational institutions for Exchange Programs (students still finish their diploma in China). As part of these programs, we have engaged St. Peter’s University to serve as a Chinese education consultant since they are more experienced in Student Exchange Programs.

Pursuant to our Executive Services program, we also provide services to our clients whose executives are moving to the U.S. for work. We assist them in all aspects of relocation as well as their preparation for visa applications.

Prior to December 31, 2013, in certain cases, we collected our service fees in advance from clients. If we were not successful in all of the promised services, these fees were refundable. Accordingly, until all the promised work was completed successfully, these fees were shown as deferred revenue. Commencing in 2014, in order to better manage our company financially, we changed our policy. We now have discontinued utilizing the refund provisions in our consulting agreements and recognize deferred revenue based on completion of the service. The Company offers a limited refund policy to students who have received consulting services regarding their H1B visas. Consulting services for H1B are prepaid. A portion (in the amount of $2,000) of such prepayment will become non-refundable once the Company completes preparation and files visa applications on behalf of the clients. If the visa application is accepted, the remaining prepayment will be recognized as revenue, if not, the remaining prepayment will be refunded.

Opportunities

We intend to expand our business as follows, although there is no guarantee that we will carry out our growth strategy as expected:

Organic Growth

We plan to organize our sales efforts to create organic growth from existing clients. From our existing client base, we will provide the highest level of individual services to help our clients in any way to have a smooth transition to the U.S., including visa consulting services, travel guides, life advice, investment consulting and other services.

Relationships

Through 15 years of continuous growth, we have built significant industry credibility and a solid reputation, which enables us to partner with quality third-party businesses in providing services to our clients when needed, which provides quality services efficiently and at a competitive cost. These relationships enable us to operate at a competitive cost, while keeping our core business competitive.

Online Service Development

The Internet allows people to gain access to online resources and services without the limitation of location and time, and providing services over the Internet often increases the revenue for many companies. We are developing our own web-based products to better reach and serve additional customers who would otherwise not benefit from our services, while we continue to expand our business network through our institutional clients.

Results of Operation

Below we have included a discussion of our operating results and material changes in the periods covered by this Form 10-Q periodic report. Our revenue and operating results normally fluctuate as a result of seasonal or other variations in our enrollments and the extent of expenses required in using consulting services from third parties. Our student population varies as a result of new enrollments and other reasons that we cannot always anticipate. We expect quarterly fluctuations in operating results to continue as a result of various enrollment patterns and changes in expenses. The Company is working on expanding its businesses and stabilizing the sources of its revenues, as well as controlling its overhead cost.

For additional information on the potential risks associated with these initiatives and our operations, please refer to the Risk Factors sections in our annual report on Form 10-K for the period ended December 31,2015, filed as of April 12, 2016

The following table sets forth information from our statements of operations for the three months and nine months period ended September 30, 2016 and 2015:

AMERICAN EDUCATION CENTER, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015

Revenues (Note 2)	$	969,959		$	1,650,061		$	4,880,614		$	4,583,541

Costs and expenses:
Consulting services		788,573			1,918,936			3,845,760			2,823,930
Application fees		5,700			4,898			53,272			28,558
General and administrative		306,071			634,141			1,165,985			1,803,619

Total costs and expenses		1,100,344			2,557,975			5,065,017			4,656,107

(Loss) income from operations		(130,385	)		(298,538	)		(184,403	)		(72,566	)
Other income (loss)		2,409			(361	)		7,602			945

(Loss) income before (benefit from) provision for income taxes		(127,976	)		(298,899	)		(176,801	)		(71,621	)
(Benefit from) provision for income taxes		(76,028	)		(47,952	)		(92,770	)		77,251

Net (loss) income	$	(51,948	)	$	(250,947	)	$	(84,031	)	$	(148,872	)

(Loss) earnings per share - basic and diluted	$	(0.00	)	$	(0.01	)	$	(0.00	)	$	(0.01	)

Weighted average shares outstanding, basic and diluted		31,558,889			21,000,000			30,584,000			21,000,000

Comparison of the Three Months Ended September 30, 2016 and 2015

Revenue

Revenues from educational programs, executive services, and consulting services for the three month period ended September 30, 2016 were $.97 million, representing a decrease of $.68 million or 41% from $1.65 million in the three months period ended September 30, 2015. The decrease of revenue was mainly due to the Company’s decision to apply more strict standards on screening its clients. Our revenue of $.97 million for the three months ended September 30, 2016 consisted of student VIP-services refund of $.01 million, and consulting revenue to Company of $.98 million.

Consulting Services

Consulting services were part of our costs and expenses. We retain unrelated third parties to provide us with consulting services. For the three-month period ended September 30, 2016, this item was $.79 million, representing an decrease of $1.13 million or 59% from $1.92 million in the three months period ended September 30, 2015.

General and Administrative Expenses

General and administrative expenses consist primarily of compensation and related costs for personnel and facilities, and include costs related to human resources, information technology and legal organizations, bad debt expense, interest expense, marketing, advertising and promotion, as well as fees for professional services and commission fees. Our general and administrative expenses were $.31 million for the three months ended September 30, 2016, and $.63 million for the three months ended September 30, 2015, a decrease of $.33 million or 52%. The decrease in general and administrative expenses is primarily attributable to the fact that the company’s decision to apply more strict standards on screening its clients. It led to a decrease of commission fees of $.36 million in the third quarter of 2016.

Income taxes

Income taxes for the three months ended September 30, 2016 relate principally to the adjusted estimation of 2016 state and city minimal tax liability, deferred tax assets based on current year profit and loss trend and changes in tax reserves. Income taxes for the three months ended September 30, 2015 relate principally to the creation of a 50% valuation allowance for deferred tax assets principally for operating losses, due to the uncertainty in realizing the full tax benefits.

Net Loss

As a result of the foregoing, we had net loss attributable to the Company and its subsidiaries of $.05 million, or loss of $0.00 per share basic and diluted, for the three months ended September 30, 2016, as compared to net loss of $.25 million, or a loss per share of $0.01 per share basic and diluted for the three months ended September 30, 2015. Our net loss was primarily attributable to the company’s decision to apply more strict standards on screening its clients.

Comparison of the Nine Months Ended September 30, 2016 and 2015

Revenue

Revenues from educational programs, executive service, and consulting services for the nine months ended September 30, 2016 were $4.88 million, an increase of .30 million or 6% from $4.58 million for the nine months ended September 30, 2015. The growth was mainly driven by an increase in the number of clients engaging our student VIP services and an increase in demand for our institutional services from China due to the expansion of our business, offset by a decrease in parent services. Our revenue for the nine months ended September 30, 2016 of $4.88 million consisted of parent service of .05 million, student VIP-service of $.92 million, and consulting revenue to the Company service of $3.91 million.

Consulting Services

Consulting services were part of our costs and expenses. We retain unrelated third parties to provide us with consulting services. For the nine-month period ended September 30, 2016, this item was $3.85 million, representing an increase of $1.02 million or 36% from $2.82 million in the nine months period ended September 30, 2015. The increase in consulting services is primarily attributable to the increase in the demand of our services, which in turn increase the need for consulting services.

For nine month ended September 30, 2016, growth of revenue falls behind of consulting service because ever since the end of 2015, some clients took advantage of the open-ended nature of AEC’s agreement with its vender and kept engage the venders, therefore generating consulting service charges to AEC, after their contract with AEC has closed. This mismatch of non-revenue and cost prompted AEC to develop and apply more strict standards in screening its clients.

General and Administrative Expenses

General and administrative expenses consist primarily of compensation and related costs for personnel and facilities, and include costs related to human resources, information technology and legal organizations, bad debt expense, interest expense, marketing, advertising and promotion, as well as fees for professional services and commission fees. Our general and administrative expenses were $1.17 million for the nine months ended September 30, 2016, and $1.80 million for the nine months ended September 30, 2015, a decrease of $.64 million or 35%. The decrease in general and administrative expenses is primarily attributable to decrease of $.84 million of commission fees, $.21 million in rent expense, offset by increase of $.14 million in marketing and advertising expense, $.05 million in professional fees.

Income taxes

Income taxes for the nine months ended September 30, 2016 relate principally to reconciliation between 2015 tax liability based on estimation and based on filing, the estimation of 2016 state and city minimal tax liability and deferred tax assets based on current year profit and loss trend and changes in tax reserves. Income taxes for the nine months ended September 30, 2015 relate principally to the creation of a valuation allowance for deferred tax assets principally for operating losses, due to the uncertainty in realizing the full tax benefits.

Net Loss

As a result of the foregoing, we had net loss attributable to the Company and its subsidiaries of $.08 million, or a loss of $0.00 per share basic and diluted, for the nine months ended September 30, 2016, as compared to net loss of $.15 million, or loss of $.01 per share basic and diluted for the nine months ended September 30, 2015.

Liquidity and Capital Resources

Our current assets primarily consist of cash and cash equivalents and accounts receivable. We have financed our operations through our cash from operations, and loans from our major stockholder. We believe that our sources of funding will be sufficient to satisfy our currently anticipated cash requirements through at least the next 12 months.

As of September 30, 2016, we had a working capital of $.36 million, a decrease of $.03 million or 7% from a working capital of $.39 million as of December 31, 2015. The decrease in working capital is the net effect of a decreasing cash, accounts receivable, prepaid expense and decreasing accounts payable and accrued expense, income tax payable, deferred revenue and advance from clients. The decrease in accounts receivable and decrease in accounts payable reflect the management’s efforts on timely collection and payment.

As of September 30, 2016, we had accounts receivable of $.80 million, a decrease of $.32 million from accounts receivable $1.12 million as of December 31, 2015, mainly due to the mainly due to our establishing a new and more effective collection program.

As of September 30, 2016, we had cash and cash equivalent of $.28million, a decrease of $.81 million or 74% from $1.10 million as of December 31, 2015.

As of September 30, 2016, we do not have any deferred revenue, a decrease of $.55 million from December 31, 2015. The decrease was mainly due to the management’s decision to discontinue providing H1B visa-related services that generate deferred revenue and the recognition of existing deferred revenue services during 2016. See Note 2 “Revenue Recognition” and Note 5 of Financial Statement for more information.

The following tables sets forth selected cash flow information for the periods indicated:

AMERICAN EDUCATION CENTER, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

	For the Nine Months Ended September 30,
	2016			2015

Cash flows from operating activities:
Net (loss) income	$	(84,031	)	$	(148,872	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Deferred income taxes		(73,719	)		91,064
Deferred rent expense		36,877			76,315
Stock issuance for services		95,500			-
Change in operating assets and liabilities:
Decrease (increase) in accounts receivable		317,242			(796,667	)
Decrease in prepaid expenses		79,830			-
(Decrease) increase in accounts payable		(692,502	)		445,944
(Decrease) in corporate taxes payable		(31,574	)		-
(Decrease) increase in deferred revenue		(553,624	)		349,119
Increase in advances from clients		93,790			9,050

Net cash (used in) provided by operating activities		(812,211	)		25,953

Cash flows from financing activities:
Proceeds from prepaid stock subscriptions		-			51,836

Net cash (used in) provided by financing activities		-			51,836

Net change in cash		(812,211	)		77,789
Cash, beginning of period		1,093,755			82,572

Cash, end of period	$	281,544		$	160,361

Supplemental disclosure of cash flow information

Cash paid for income taxes	$	-		$	-

Cash paid for interest	$	22,167		$	24,519

Cash flow in Operating Activities

Net change in cash for the nine months ended September 30, 2016 was $-.81 million, compared to net cash used in operating activities of $.81 million for the nine months ended September 30, 2015. We had a net loss of $.08 million for the nine months ended September 30, 2016, minus effect of accounts payable settlement $.69 million, deferred revenue recognition $.55 million, offset by collection of accounts receivable of $.32 million, equity based payment of $.10 million. The net effect of change in cash was a decrease of $.81 million.

Critical Accounting Policies

Our consolidated interim financial statements and condensed notes thereto have been prepared in accordance with GAAP and in conjunction with the rules and regulations of the SEC. The preparation of our financial statements requires significant management judgments, assumptions and estimates about matters that are inherently uncertain. These judgments affect the reported amounts of assets and liabilities and our disclosure of contingent assets and liabilities as of the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. With different estimates or assumptions, materially different amounts could be reported in our financial statements. Additionally, other companies may utilize different estimates that may impact the comparability of our results of operations to those of companies in similar businesses. A discussion of the accounting policies that management considers critical in that they involve significant The following descriptions of critical accounting policies, judgments and estimates should be read in conjunction with our condensed financial statement and other disclosures included in this report. We believe that the following accounting policies involve a higher degree of judgment and complexity in their application and require us to make significant accounting estimates.

The Company has assessed all newly issued accounting pronouncements released during the three months ended September 30, 2016 and through the date of this filing, and believes none of them will have a material impact on the Company’s financial statements when or if adopted.

Off-Balance Sheet Arrangements

We did not have, during the periods presented, and we are currently not party to, any off-balance sheet arrangements.

Seasonality

Other than our H1B consulting service, we do not have a seasonal business cycle. Because the great majority of H1B applications are filed under the annual H1B quota cap system, the majority of our H1B related consulting services is provided to clients prior to April 1, and until the time when the quota cap for such year is fulfilled, typically sometime in April or the near future. Otherwise, our operating results from other business segments are generally derived evenly throughout the fiscal year.

Subsequent Events

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not applicable.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

The Company maintains disclosure controls and procedures as required under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that are designed to ensure that information required to be disclosed in the Company’s Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Our Chief Executive Officer and Chief Financial Officer are responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance of achieving their control objectives. Furthermore, smaller reporting companies face additional limitations. Smaller reporting companies employ fewer individuals and find it difficult to properly segregate duties. Often, one or two individuals control every aspect of the Company's operation and are in a position to override any system of internal control. Additionally, smaller reporting companies tend to utilize general accounting software packages that lack a rigorous set of software controls.

As of September 30, 2016, the Company’s management carried out an evaluation, under the supervision and with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of its disclosure controls and procedures. Based on the foregoing, the Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures were not effective as of September 30, 2016. The Company does not have a Chief Financial Officer that is familiar with the accounting and reporting requirements of a U.S. publicly listed company. In addition, the Company does not believe it has sufficient documentation concerning its existing financial processes, risk assessment and internal controls. There are also certain deficiencies in the design or operation of the Company’s internal control over financial reporting that has adversely affected its disclosure controls that may be considered to be “material weaknesses.”

We plan to designate individuals responsible for identifying reportable developments and to implement procedures designed to remediate the material weakness by focusing additional attention and resources on our internal accounting functions. However, the identified material weakness will not be considered remediated until the applicable remedial controls operate for a sufficient period of time and management has concluded, through testing, that these controls are operating effectively.

Changes in Internal Control Over Financial Reporting

There were no changes in the Company’s internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II

OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

From time to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm business. We are currently not aware of any such legal proceedings or claims that will have, individually or in the aggregate, a material adverse effect on our business, financial condition or operating results.

ITEM 1A. RISK FACTORS

During the three and nine months ended September 30, 2016, there were no material changes to the risk factors previously disclosed in the “Risk Factors” Section in our annual report on Form 10-K for the period ended December 31, 2015, filed as of April 12, 2016.

ITEM 2. UNREGISTERED SALE OF EQUITY SECURITIES AND USE OF PROCEEDS.

On September 30, 2016, the Company issued an aggregate of 800,000 shares of common stock to three consultants in exchange for services provided. The Company recorded a fair value of $80,000 for these shares,

All of these shares were issued pursuant to exemptions from registration provided by Section 4(2) of the Securities Act and Regulation D promulgated there under and/or Regulation S.

ITEM 3. DEFAULT UPON SENIOR SECURITIES.

Not applicable.

ITEM 4. MINE SAFETY DISCLOSURE.

Not applicable.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS

The following exhibits are filed herewith:

Exhibit No.		Description

31.1		Certification of Chief Executive Officer pursuant to section 302 of The Sarbanes-Oxley Act of 2002
31.2		Certification of Chief Financial Officer pursuant to section 302 of The Sarbanes-Oxley Act of 2002
32.1		Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of Chief Financial Officer pursuant to 18 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 Extension Calculation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

SIGNATURES

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

November 14, 2016

	AMERICAN EDUCATION CENTER, INC.

	By:	/s/ Jay McKeage
		Jay McKeage
		Chief Executive Officer
		(Co-Principal Executive Officer)

	By:	/s/ Max Chen
		Max Chen
		President, Chairman, Chief Financial Officer and Secretary
		(Co-Principal Executive Officer, Principal Financial
		Officer and Principal Accounting Officer)

EX-31.1 2 v452702_ex31-1.htm EXHIBIT 31.1

EXHIBIT 31.1

CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Jay McKeage, certify that:

1.	I have reviewed this quarterly report on Form 10-Q for the period ended September 30, 2016 of American Education Center, Inc.;

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(s) 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 this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5	The registrant’s other certifying officer(s) 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, 2016	By:	/s/ Jay McKeage
		Jay McKeage
		Chief Executive Officer
		(Co-Principal Executive Officer)

EX-31.2 3 v452702_ex31-2.htm EXHIBIT 31.2

EXHIBIT 31.2

CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Jay McKeage, certify that:

1	I have reviewed this quarterly report on Form 10-Q for the period ended September 30, 2016 of American Education Center, Inc.;

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(s) 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 this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5	The registrant’s other certifying officer(s) 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, 2016
	By:	/s/ Jay McKeage
		Jay McKeage
		Chief Financial Officer
		(Principal Finance and Accounting Officer)

EX-32.1 4 v452702_ex32-1.htm EXHIBIT 32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

SECTION 906 OF SARBANES-OXLEY ACT OF 2002

I, Jay McKeage, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that:

The Quarterly Report on Form 10-Q of American Education Center, Inc. (the “Company”) for the period ended September 30, 2016 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (U.S.C. 78m or 78o(d)); and

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, 2016

By:

/s/ Jay McKeage

Jay McKeage

Chief Executive Officer

(Principal Executive Officer)

The foregoing certification is being furnished solely pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code) and is not being filed as part of a separate disclosure document.

EX-32.2 5 v452702_ex32-2.htm EXHIBIT 32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

SECTION 906 OF SARBANES-OXLEY ACT OF 2002

I, Jay McKeage, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that:

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, 2016
	By:	/s/ Jay McKeage
		Jay McKeage
		Chief Financial Officer (Principal Financial and Accounting Officer)

EX-101.INS 6 cik0001626556-20160930.xml XBRL INSTANCE DOCUMENT 0001626556 2015-01-01 2015-09-30 0001626556 2015-01-01 2015-12-31 0001626556 2016-01-01 2016-09-30 0001626556 2016-06-01 2016-06-30 0001626556 2015-07-01 2015-09-30 0001626556 2016-07-01 2016-09-30 0001626556 2016-08-01 2016-08-29 0001626556 2016-09-30 0001626556 2015-11-01 2015-11-17 0001626556 2016-11-11 0001626556 2014-12-01 0001626556 2015-12-31 0001626556 2014-12-31 0001626556 2015-09-30 0001626556 us-gaap:CommonStockMember 2015-12-31 0001626556 us-gaap:AdditionalPaidInCapitalMember 2015-12-31 0001626556 us-gaap:RetainedEarningsMember 2015-12-31 0001626556 us-gaap:CommonStockMember 2016-01-01 2016-09-30 0001626556 us-gaap:AdditionalPaidInCapitalMember 2016-01-01 2016-09-30 0001626556 us-gaap:RetainedEarningsMember 2016-01-01 2016-09-30 0001626556 us-gaap:CommonStockMember 2016-09-30 0001626556 us-gaap:AdditionalPaidInCapitalMember 2016-09-30 0001626556 us-gaap:RetainedEarningsMember 2016-09-30 0001626556 cik0001626556:AecNewYorkMember 2014-05-01 2014-05-31 0001626556 cik0001626556:AecNevadaMember 2014-05-01 2014-05-31 0001626556 cik0001626556:Customer1Member us-gaap:SalesRevenueServicesNetMember 2016-01-01 2016-09-30 0001626556 cik0001626556:Customer2Member us-gaap:SalesRevenueServicesNetMember 2016-01-01 2016-09-30 0001626556 cik0001626556:Customer1Member us-gaap:AccountsReceivableMember 2016-01-01 2016-09-30 0001626556 cik0001626556:Customer2Member us-gaap:AccountsReceivableMember 2016-01-01 2016-09-30 0001626556 cik0001626556:Customer1Member us-gaap:AccountsReceivableMember 2016-09-30 0001626556 cik0001626556:Customer2Member us-gaap:AccountsReceivableMember 2016-09-30 0001626556 us-gaap:SalesRevenueServicesNetMember cik0001626556:Customer1Member 2015-01-01 2015-09-30 0001626556 us-gaap:AccountsReceivableMember cik0001626556:Customer1Member 2015-01-01 2015-09-30 0001626556 us-gaap:AccountsReceivableMember cik0001626556:Customer1Member 2015-09-30 0001626556 cik0001626556:ColumbiaInternationalCollegeIncMember 2016-01-01 2016-09-30 0001626556 cik0001626556:ColumbiaInternationalCollegeIncMember 2016-07-01 2016-09-30 0001626556 cik0001626556:UnrelatedPartyMember 2016-01-01 2016-09-30 0001626556 cik0001626556:UnrelatedPartyMember 2015-01-01 2015-09-30 0001626556 cik0001626556:SubleaseOneMember 2015-12-01 2016-02-29 0001626556 cik0001626556:SubleaseOneMember us-gaap:ScenarioForecastMember 2016-03-01 2016-11-30 0001626556 cik0001626556:SubleaseOneMember 2016-04-01 2016-04-30 0001626556 us-gaap:ScenarioForecastMember 2016-12-31 0001626556 us-gaap:ScenarioForecastMember 2017-12-31 0001626556 cik0001626556:UnrelatedPartyMember 2016-07-01 2016-09-30 0001626556 cik0001626556:UnrelatedPartyMember 2015-07-01 2015-09-30 0001626556 cik0001626556:ConsultantOneMember 2015-10-27 2015-11-27 0001626556 cik0001626556:ConsultantOneMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2015-11-27 0001626556 cik0001626556:ConsultantOneMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2015-10-27 2015-11-27 0001626556 cik0001626556:ConsultantOneMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2015-11-27 0001626556 cik0001626556:ConsultantOneMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2015-10-27 2015-11-27 0001626556 cik0001626556:ConsultantOneMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2015-11-27 0001626556 cik0001626556:ConsultantOneMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2015-10-27 2015-11-27 0001626556 cik0001626556:ConsultantTwoMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2015-11-27 0001626556 cik0001626556:ConsultantTwoMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2015-11-27 0001626556 cik0001626556:ConsultantTwoMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2015-10-27 2015-11-27 0001626556 cik0001626556:ConsultantTwoMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2015-11-27 0001626556 cik0001626556:ConsultantTwoMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2015-10-27 2015-11-27 0001626556 cik0001626556:ConsultantTwoMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2015-10-27 2015-11-27 0001626556 cik0001626556:ConsultantTwoMember 2015-10-27 2015-11-27 0001626556 cik0001626556:NonqualifiedStockOptionsMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2016-06-30 0001626556 cik0001626556:NonqualifiedStockOptionsMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2016-06-01 2016-06-30 0001626556 cik0001626556:NonqualifiedStockOptionsMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2016-06-30 0001626556 cik0001626556:NonqualifiedStockOptionsMember 2016-06-30 0001626556 cik0001626556:NonqualifiedStockOptionsMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2016-06-30 0001626556 cik0001626556:NonqualifiedStockOptionsMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2016-06-01 2016-06-30 0001626556 us-gaap:ShareBasedCompensationAwardTrancheTwoMember cik0001626556:NonqualifiedStockOptionsMember 2016-06-01 2016-06-30 0001626556 us-gaap:CommonStockMember 2016-09-30 0001626556 us-gaap:CommonStockMember 2016-01-01 2016-09-30 0001626556 cik0001626556:SalesRevenueGrossMember 2016-01-01 2016-09-30 0001626556 cik0001626556:SubleaseOneMember 2016-01-01 2016-09-30 0001626556 us-gaap:EmployeeStockOptionMember 2016-01-01 2016-09-30 0001626556 us-gaap:EmployeeStockOptionMember 2015-01-01 2015-09-30 0001626556 cik0001626556:EmployeeMember 2016-08-01 2016-08-29 0001626556 cik0001626556:EmployeeMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2016-08-01 2016-08-29 0001626556 cik0001626556:EmployeeMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2016-08-29 0001626556 cik0001626556:EmployeeMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2016-08-29 0001626556 cik0001626556:EmployeeMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2016-08-29 0001626556 cik0001626556:EmployeeMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2016-08-01 2016-08-29 0001626556 cik0001626556:EmployeeMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2016-08-01 2016-08-29 0001626556 cik0001626556:ConsultingServicesMember us-gaap:CommonStockMember 2016-01-01 2016-09-30 0001626556 cik0001626556:ConsultingServicesMember us-gaap:CommonStockMember 2016-09-30 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure

281544

1093755

797038

1114280

1094752

2304035

266021

1434492

2570056

301789

994291

553624

157469

63679

88551

733047

1916957

295579

1169698

2316731

32350

30000

307326

214176

-74882

9149

264794

253325

1434492

2570056

16170

96000

141072

104195

185238

216812

73719

339740

266021

4583541

4880614

2823930 3845760

28558

53272

1803619

1165985

4656107

5065017

-72566

-184403

945

7602

-71621

-176801

77251

-92770

-148872

-84031

-0.01

-0.00

21000000

30584000

1650061

969959

1918936 788573

4898

5700

634141

306071

2557975

1100344

-298538

-130385

-361

2409

-298899

-127976

-47952

-76028

-250947

-51948

-0.01

-0.00

21000000

31558889

30000

214176

9149

-84031

30000000

32350000

32350

307326

-74882

2350

93150

95500

91064

-73719

76315 36877

796667

-317242

-79830

349119

-553624

93790

25953

-812211

77789

-812211

82572

160361

24519

22167

9050

-31574

-692502

445944

95500

200 10563000

250000

814000

1271590

0.167

0.261

0.274

218650

825050

0.180

0.263

210000

157469 63679

0.34

245000

25000

295579

0.1

2019-12-12

22167

24519

7398

7949

-13813

-19051

-44365

-19101

-3587

-56927

-0.340

0.340

-0.108

0.108

0.525

0.448

-0.340

0.340

-0.108

0.108

0.594

0.448

168000

381000

2025-07-31

3000

1500

20000

60120

2017-03-31

33000

153000

360606

369621

378862

388333

418604

2105734

4021760

2200000

400000

100000

40000

2021-06-30

1.00

30000

2022-06-30

2.00

30000

2023-06-30

3.00

100000

1.00

100000

2022-06-30

2.00

100000

2023-06-30

3.00

2016-07-01 2017-07-01 2018-07-01 2016-07-01 2018-07-01

300000

500000

2022-06-30

1.00

500000

1500000

2.00

500000

2024-06-30

3.00

2023-06-30

2017-07-01 2018-07-01 2019-07-01

2200000

140000

400000

1800000

2.32

2.54

2.50

1.00

P0Y

P5Y6M

P6Y9M25D

P6Y11M1D

P7Y1M6D

0.01

1550000

10-Q false 2016-09-30 2016 Q3 AMERICAN EDUCATION CENTER, INC. 0001626556 --12-31 Smaller Reporting Company 32350000

0.001

20000000

0.001

180000000

32350000

30000000

2350000

51836

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">1.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">ORGANIZATION AND BUSINESS</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">American Education Center, Inc. (“AEC New York”) is a New York Corporation organized on November 8, 1999 and is licensed by the Education Department of the State of New York to engage in education related consulting services between the United States and China.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">On May 7, 2014, the President/sole shareholder of AEC New York formed a new company (“AEC Nevada”) in the State of Nevada with the same name. On May 31, 2014, the President/sole shareholder of AEC New York exchanged his <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 200</font> shares for <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10,563,000</font> shares of AEC Nevada. This exchange made AEC New York a wholly owned subsidiary of AEC Nevada, collectively the “Company.”</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The Company’s primary goal is to build upon the concept of “one-stop comprehensive services” for international students, educators, and institutions. The Company has been devoted to international education exchanges, by providing educational and career enrichment opportunities for students, teachers, and educational institutions between China and the United States. The Company currently provides admission, visa, housing and other consulting services to Chinese students wishing to study in the United States. The Company also provides exchange and placement services for qualified United States educators to teach in China. In addition, the Company provides localization consulting services which are for employees coming to the United States to work for multi-national companies with operations here.</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;TEXT-INDENT: -1.5in; MARGIN: 0in 0in 0pt 1.5in" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><strong><font style="FONT-SIZE: 10pt">Basis of Accounting and Presentation</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The unaudited interim financial statements of the Company as of September 30, 2016 and for the three and nine months ended September 30, 2016 and 2015, have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”) which apply to interim financial statements.  Accordingly, they do not include all of the information and footnotes normally required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results for the periods presented. The results of operations for the three and nine months ended September 30, 2016 are not necessarily indicative of the results to be expected for future quarters or for the year ending December 31, 2016.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><strong><font style="FONT-SIZE: 10pt">  </font></strong> <font style="FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The accompanying consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The consolidated financial statements are comprised of AEC Nevada and its wholly owned subsidiary, AEC New York. All significant intercompany accounts and transactions have been eliminated in consolidation.</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;MARGIN: 0in 0in 0pt 0.25in; BACKGROUND: transparent" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><strong><font style="FONT-SIZE: 10pt"> Concentration of Credit and Business Risk</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt"></font></font> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt">The Company maintains its cash accounts at 3 commercial banks. The Federal Deposit Insurance Corporation (“FDIC”) insures up to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">250,000</font> per bank for the total of all depository accounts. At September 30, 2016, there were no cash balances in excess of the FDIC insured limits.</font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt"></font></font> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt">The following table represents certain information about the Company’s major customers which individually accounted for more than <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>% of the Company’s gross revenue for the nine months ended September 30:</font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.25in; WIDTH: 96%; 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="45%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%" colspan="11"> <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="2%"> <div> </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="45%"> <div> </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> </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> </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="1%"> <div> </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> </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="2%"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Accounts</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="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div> </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="45%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Gross Revenue</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Percentage</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Receivable</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Percentage</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div> </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="45%"> <div> </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> </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> </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> </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> </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="2%"> <div> </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> </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> </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> </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="2%"> <div> </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="45%"> <div>Customer 1</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> </div> </td> <td style="TEXT-ALIGN: left; 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>814,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <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> </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>16.7</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <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>$</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div> </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="45%"> <div>Customer 2</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> </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>1,271,590</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> </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>26.1</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</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>218,650</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </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>27.4</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.25in; WIDTH: 96%; 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="45%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%" colspan="11"> <div>2015</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="2%"> <div> </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="45%"> <div> </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> </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> </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="1%"> <div> </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> </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="2%"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Accounts</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="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div> </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="45%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Gross Revenue</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Percentage</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Receivable</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Percentage</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div> </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="45%"> <div> </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> </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="1%"> <div> </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="10%"> <div> </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> </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="1%"> <div> </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="10%"> <div> </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="2%"> <div> </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="1%"> <div> </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="10%"> <div> </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> </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="1%"> <div> </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="10%"> <div> </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="2%"> <div> </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="45%"> <div>Customer 1</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> </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>$</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>825,050</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> </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> </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>18.0</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="2%"> <div>%</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>$</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>210,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </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> </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>26.3</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</div> </td> </tr> </table> <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; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><strong><font style="FONT-SIZE: 10pt">Stock-Based Compensation</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The fair value of stock options issued to third party consultants and to employees, officers and directors are recorded in accordance with the measurement and recognition criteria of FASB ASC 505-50, <i> Equity-Based Payments to Non-Employees</i> and FASB ASC 718, <i> Compensation  Stock Based Compensation</i>, respectively.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The options are valued using the Black-Scholes valuation method. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to the Company’s expected stock price volatility over the expected term of the awards, and actual and projected stock option exercise behaviors.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">Because the Company’s stock options have characteristics different from those of its traded stock, and because changes in the subjective input assumptions can materially affect the fair value estimate, in management’s opinion, the existing models do not necessarily provide a reliable single measure of the fair value of such stock.</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;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><strong><font style="FONT-SIZE: 10pt">Income Taxes</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The Company accounts for income taxes in accordance with FASB ASC 740, <i>Income Taxes</i> (“ASC 740”), which requires the recognition of deferred income taxes for differences between the basis of assets and liabilities for financial statement and income tax purposes. Deferred tax assets and liabilities represent the future tax consequences for those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred taxes are also recognized for operating losses that are available to offset future taxable income. A valuation allowance is established when necessary to reduce deferred tax assets to the amount expected to be realized.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">ASC 740 also addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is “more likely than not” that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on derecognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions. As of September 30, 2016 and December 31, 2015, the Company does not have a liability for any unrecognized tax benefits.<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><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;MARGIN: 0in 0in 0pt 0.25in" align="justify"><strong><font style="FONT-SIZE: 10pt">Fair Value of Financial Measurements</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><strong><font style="FONT-SIZE: 10pt">  </font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">FASB ASC 820, <i> Fair Value Measurement</i>, specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs). In accordance with ASC 820, the following summarizes the fair value hierarchy:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"></font> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.25in; LETTER-SPACING: -0.15pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <table style="WIDTH: 96%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; MARGIN-LEFT: 0.25in" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: justify; WIDTH: 14%; LETTER-SPACING: -0.15pt"> <div>Level 1 Inputs </div> </td> <td style="TEXT-ALIGN: justify; WIDTH: 86%; LETTER-SPACING: -0.15pt"> <div>Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access.</div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: justify; LETTER-SPACING: -0.15pt"> <div> </div> </td> <td style="TEXT-ALIGN: justify; LETTER-SPACING: -0.15pt"> <div> </div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: justify; LETTER-SPACING: -0.15pt"> <div>Level 2 Inputs </div> </td> <td style="TEXT-ALIGN: justify; LETTER-SPACING: -0.15pt"> <div>Inputs other than the quoted prices in active markets that are observable either directly or indirectly.</div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: justify; LETTER-SPACING: -0.15pt"> <div> </div> </td> <td style="TEXT-ALIGN: justify; LETTER-SPACING: -0.15pt"> <div> </div> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: justify; LETTER-SPACING: -0.15pt"> <div>Level 3 Inputs </div> </td> <td style="TEXT-ALIGN: justify; LETTER-SPACING: -0.15pt"> <div>Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">FASB ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The Company did not identify any assets or liabilities that are required to be presented at fair value on a recurring basis. Non-derivative financial instruments include cash, accounts receivable, prepaid expenses, accounts payable and accrued expenses, loan from stockholder and advances from clients. As of September 30, 2016 and December 31, 2015, the carrying values of these financial instruments approximated their fair values due to their short term nature.</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;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The following table represents certain information about the Company’s major customers which individually accounted for more than <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>% of the Company’s gross revenue for the nine months ended September 30:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 0.25in; WIDTH: 96%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 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: 400" width="45%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%" colspan="11"> <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="2%"> <div> </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="45%"> <div> </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> </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> </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="1%"> <div> </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> </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="2%"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Accounts</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="1%"> <div> </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> </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="2%"> <div> </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="45%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Gross Revenue</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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Percentage</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="2%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Receivable</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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Percentage</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="2%"> <div> </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="45%"> <div> </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> </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> </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> </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> </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="2%"> <div> </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> </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> </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> </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="2%"> <div> </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="45%"> <div>Customer 1</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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>814,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>16.7</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div> </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="45%"> <div>Customer 2</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> </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>1,271,590</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> </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>26.1</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</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>218,650</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </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>27.4</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 0.25in; WIDTH: 96%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 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: 400" width="45%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="48%" colspan="11"> <div>2015</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="2%"> <div> </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="45%"> <div> </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> </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> </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="1%"> <div> </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> </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="2%"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Accounts</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="1%"> <div> </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> </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="2%"> <div> </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="45%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Gross Revenue</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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Percentage</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="2%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Receivable</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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Percentage</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="2%"> <div> </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="45%"> <div> </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> </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="1%"> <div> </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="10%"> <div> </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> </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="1%"> <div> </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="10%"> <div> </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="2%"> <div> </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="1%"> <div> </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="10%"> <div> </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> </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="1%"> <div> </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="10%"> <div> </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="2%"> <div> </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="45%"> <div>Customer 1</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> </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>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>825,050</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>18.0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</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>210,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </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> </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>26.3</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</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;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">Total shares issuable upon the exercise of all outstanding stock options for the nine months ended September 30, 2016 and 2015 were as follows:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.25in; WIDTH: 96%; 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="71%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" 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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2015</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> </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="71%"> <div> </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> </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> </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> </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> </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> </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="71%"> <div>Common stock equivalents  stock options</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> </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="10%"> <div>2,200,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </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="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> </div> </td> </tr> </table> <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>

0.1

2000

<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"> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">3.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">RECENTLY ISSUED ACCOUNTING STANDARDS</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">In February 2016, the FASB issued Accounting Standards Updates (“ASU”) 2016-02, <i>Leases</i>. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. We are currently evaluating the impact of our pending adoption of the new standard on our financial statements.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">In August 2014, the FASB issued ASU 2014-15, <i>Presentation of Financial Statements-Going Concern (Subtopic 205-40):</i> <i>Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.</i> ASU 2014-15 provides guidance in GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. In doing so, the amendments should reduce diversity in the timing and content of footnote disclosures. The amendments in ASU 2014-15 are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. This accounting standard update is not expected to have a material impact on the Company’s financial statements.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">In May 2014, the FASB issued ASU 2014-09, <i>Revenue from Contracts with Customers</i>, which supersedes the revenue recognition requirements in ASC 605, <i>Revenue Recognition</i>. The core principle of this updated guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new rule also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. This guidance, after amendment is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Companies are permitted to adopt this new rule following either a full or modified retrospective approach. Early adoption is not permitted. This accounting standard update is not expected to have a material impact on the Company’s financial statements.</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"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; LINE-HEIGHT: 115%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.3pt; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"></td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">4.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">SECURITY DEPOSITS</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><font style="FONT-SIZE: 10pt">  </font></b></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The Company has security deposits with the landlords of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">266,021</font> as of September 30, 2016 and December 31, 2015.</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"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; LINE-HEIGHT: 115%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.3pt; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"></td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">5.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">DEFERRED REVENUE</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><font style="FONT-SIZE: 10pt">  </font></b></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in; BACKGROUND: transparent" align="justify"><font style="FONT-SIZE: 10pt">The Company receives advance payments for services to be performed and recognizes deferred revenue when the services have been rendered. The deferred revenue at September 30, 2016 and December 31, 2015 was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">553,624</font>, 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; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">6.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">ADVANCES FROM CLIENTS</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><font style="FONT-SIZE: 10pt">  </font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in; BACKGROUND: transparent" align="justify"><font style="FONT-SIZE: 10pt">The services for H1B visas require prepayment to the Company which has been shown as advances from clients on the balance sheets.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; BACKGROUND: transparent" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in; BACKGROUND: transparent" align="justify"><font style="FONT-SIZE: 10pt">The advances from clients at September 30, 2016 and December 31, 2015 were $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">157,469</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">63,679</font>, respectively. The Company has received all the results on the 2016 H1B applications as of September 30, 2016, revenue was recognized for the cases selected, all remaining advances will be refunded by the end of 2016.</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"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">7.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">RELATED-PARTY TRANSACTIONS</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The loan from stockholder represents an unsecured non-interest bearing loan, arising from expenses paid on behalf of the Company. The loan is due on demand.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The Company’s President/Chairman/Chief Financial Officer/Secretary has a <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 34</font>% interest in Columbia International College, Inc. (“CIC”). In the normal course of business, the Company conducts certain transactions with CIC. Included in accounts receivable is an amount due from CIC of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">21,500</font></font> as of September 30, 2016 and December 31, 2015. The Company paid $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">25,000</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">245,000</font> for consulting services to CIC for the three and nine months ended September 30, 2016, respectively.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

21500

<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"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">8.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">LONG-TERM LOAN</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">On December 1, 2014, a third party, who is also a client, loaned the Company $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">295,579</font>, with interest at <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>%. The loan is to be repaid on December 13, 2019. Interest will be paid on the last day of each quarter from 2015 to 2019, except for the last payment on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">December 12, 2019</font>. The Company paid the interest for the first, second, and third quarter at the end of December, 2015. The Company paid the interest for the fourth quarter of 2015 in January 2016, which created a technical default for late payment. A waiver was issued on March 23, 2016 to waive this default. The Company paid the interest for each of the three months periods ended March 31, 2016, June 30, 2016 and September 30, 2016. Interest expense for the three and nine months ended September 30, 2016 and 2015 was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">7,398</font>, $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">22,167</font>, $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">7,949</font>, and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">24,519</font>, 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 "> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in" align="justify"> <table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div><strong>9.</strong></div> </td> <td style="TEXT-ALIGN: justify"> <div><strong>LEASE COMMITMENTS</strong></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.25in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="LINE-HEIGHT: 115%; FONT-FAMILY: 'Calibri','sans-serif'; FONT-SIZE: 10pt"> </font> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="LINE-HEIGHT: 115%; FONT-FAMILY: 'Calibri','sans-serif'; FONT-SIZE: 10pt"> </font><font style="FONT-SIZE: 10pt">In December 2014, the Company entered into a lease for</font> <font style="FONT-SIZE: 10pt"> office space with an unrelated party, expiring on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">July 31, 2025</font>. The lease was to commence on December 11, 2014, however, due to renovation issues, the lease was changed and commenced on March 1, 2015 and the Company received two months of free rent. Due to free rent and escalating monthly rental, utilities, real estate taxes, insurance and other operating expenses, the lease has been straight-lined for financial statement purposes which created deferred rent as shown on the balance sheets. In November 2015, the Company entered into a sublease agreement to lease space to an unrelated third party for a monthly rental of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3,000</font> for the first three months and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1,500</font> for the remainder of the lease term. The sublease commenced on December 1, 2015 and expires on November 30, 2016. In November 2015, the Company entered into another sublease agreement to lease space to an unrelated third party for a monthly rental of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">20,000</font>. The sublease commenced on April 1, 2016 and expires on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">March 31, 2017</font>. The sublease income will be netted against the Company’s rent expense. The future rent income to be received in 2016 and 2017 will be $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">60,120</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">60,120</font>, respectively. Rent expense, net of sublease income, was approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">33,000</font>, $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">168,000</font>, $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">153,000</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">381,000</font> for the three and nine months ended September 30, 2016 and 2015, respectively.</font><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">Future minimum lease commitments are as follows:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.25in; WIDTH: 96%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="83%"> <div>Year Ending December 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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Amount</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> </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; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="83%"> <div> </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> </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> </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> </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="83%"> <div>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: middle; FONT-WEIGHT: 400" width="1%"> <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>$</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>360,606</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> </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="83%"> <div>2017</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> </div> </td> <td style="TEXT-ALIGN: left; 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="10%"> <div>369,621</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> </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="83%"> <div>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: middle; FONT-WEIGHT: 400" width="1%"> <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> </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>378,862</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> </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="83%"> <div>2019</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> </div> </td> <td style="TEXT-ALIGN: left; 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="10%"> <div>388,333</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> </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="83%"> <div>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: middle; FONT-WEIGHT: 400" width="1%"> <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> </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>418,604</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> </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="83%"> <div>Thereafter</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> </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> </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>2,105,734</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> </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="83%"> <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> </div> </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> </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> </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> </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="83%"> <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: middle; FONT-WEIGHT: 400" width="1%"> <div> </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>4,021,760</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> </div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

2016-11-30

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <strong><font style="FONT-SIZE: 10pt">10.</font></strong></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><strong><font style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt">Income taxes</font></strong></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><font style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt">  </font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The component of deferred tax assets at September 30, 2016 and December 31, 2015 is as follows:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.25in; WIDTH: 96%; 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="71%"> <div> </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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>September 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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>December 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> </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="71%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" 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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2015</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> </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="71%"> <div> </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> </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="1%"> <div> </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="10%"> <div> </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> </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="1%"> <div> </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="10%"> <div> </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> </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="71%"> <div>Net operating loss carry forwards</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> </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>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>73,719</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</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: 700" 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> </div> </td> </tr> </table> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt" align="justify"><strong><font style="FONT-SIZE: 10pt">  </font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The (benefit) provision for income taxes for the three and nine months ended September 30 consist of the following:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.25in; WIDTH: 96%; 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="47%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="23%" colspan="5"> <div>Three Months Ended, September 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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="23%" colspan="5"> <div>Nine Months Ended, September 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> </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="47%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" 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; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2015</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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" 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; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2015</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> </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="47%"> <div> </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> </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> </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> </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> </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> </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> </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> </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> </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> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 10px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="47%"> <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: middle; FONT-WEIGHT: 400" width="1%"> <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>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(19,101)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(44,365)</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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(19,051)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(13,813)</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> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 10px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="47%"> <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: middle; FONT-WEIGHT: 400" width="1%"> <div> </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> </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>(56,927)</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> </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> </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>(3,587)</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> </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> </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>(73,719)</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> </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> </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>91,064</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> </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="47%"> <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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </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="47%"> <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: middle; FONT-WEIGHT: 400" width="1%"> <div> </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>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(76,028)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(47,952)</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> </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>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(92,770)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</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>77,251</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> </div> </td> </tr> </table> <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;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The Company’s tax returns are subject to examination by the federal, state and city taxing authorities. The 2012, 2013, 2014 and 2015 tax years are open and subject to examination by the taxing authorities. The Company is not currently under examination nor have they been notified by the authorities.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><font style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt">  </font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>A reconciliation of the (benefit) provision for income taxes, with the amount computed by applying the statutory Federal income tax rate for the three and nine months ended September 30 is as follows:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt"> </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 0in 0in 0.25in; WIDTH: 96%; 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="47%"> <div> </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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="23%" colspan="5"> <div>Three Months Ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="23%" colspan="5"> <div>Nine Months Ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="23%" colspan="5"> <div>September 30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="23%" colspan="5"> <div>September 30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <div> </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> </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> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <div>Tax at federal statutory 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: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; 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>34.0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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>(34.0)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; 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>34.0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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>(34.0)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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="47%"> <div>State and local taxes, net of federal benefit</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> </div> </td> <td style="TEXT-ALIGN: left; 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="10%"> <div>10.8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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> </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>(10.8)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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> </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>10.8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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> </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>(10.8)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <div>Valuation allowance</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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> </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>44.8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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> </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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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> </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>44.8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <div>Changes in tax reserves</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> </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> </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>14.6</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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> </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>0.0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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> </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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7.7</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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> </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>0.0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <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> </div> </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> </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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <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: middle; FONT-WEIGHT: 400" width="1%"> <div> </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>59.4</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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>52.5</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></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>

2200000

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The (benefit) provision for income taxes for the three and nine months ended September 30 consist of the following:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.25in; WIDTH: 96%; 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="47%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="23%" colspan="5"> <div>Three Months Ended, September 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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="23%" colspan="5"> <div>Nine Months Ended, September 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> </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="47%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" 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; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2015</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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" 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; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2015</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> </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="47%"> <div> </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> </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> </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> </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> </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> </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> </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> </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> </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> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 10px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="47%"> <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: middle; FONT-WEIGHT: 400" width="1%"> <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>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(19,101)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(44,365)</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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(19,051)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(13,813)</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> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 10px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="47%"> <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: middle; FONT-WEIGHT: 400" width="1%"> <div> </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> </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>(56,927)</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> </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> </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>(3,587)</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> </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> </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>(73,719)</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> </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> </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>91,064</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> </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="47%"> <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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </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="47%"> <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: middle; FONT-WEIGHT: 400" width="1%"> <div> </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>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(76,028)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(47,952)</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> </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>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(92,770)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</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>77,251</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> </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;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.25in" align="justify"><font style="FONT-SIZE: 10pt">A reconciliation of the (benefit) provision for income taxes, with the amount computed by applying the statutory Federal income tax rate for the three and nine months ended September 30 is as follows:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt"> </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 0in 0in 0.25in; WIDTH: 96%; 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="47%"> <div> </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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="23%" colspan="5"> <div>Three Months Ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="23%" colspan="5"> <div>Nine Months Ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="23%" colspan="5"> <div>September 30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="23%" colspan="5"> <div>September 30,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <div> </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> </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> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <div>Tax at federal statutory 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: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; 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>34.0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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>(34.0)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; 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>34.0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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>(34.0)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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="47%"> <div>State and local taxes, net of federal benefit</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> </div> </td> <td style="TEXT-ALIGN: left; 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="10%"> <div>10.8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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> </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>(10.8)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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> </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>10.8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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> </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>(10.8)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <div>Valuation allowance</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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> </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>44.8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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> </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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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> </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>44.8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <div>Changes in tax reserves</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> </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> </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>14.6</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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> </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>0.0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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> </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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7.7</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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> </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>0.0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <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> </div> </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> </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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <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; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="47%"> <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: middle; FONT-WEIGHT: 400" width="1%"> <div> </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>59.4</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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>52.5</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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>0</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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>

73719

0.0

0.077

0.0

0.146

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="BORDER-BOTTOM-COLOR: #000000; TEXT-ALIGN: left; PADDING-BOTTOM: 0in; BORDER-TOP-COLOR: #000000; PADDING-LEFT: 0in; WIDTH: 19pt; PADDING-RIGHT: 0in; BORDER-RIGHT-COLOR: #000000; VERTICAL-ALIGN: top; BORDER-LEFT-COLOR: #000000; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <strong><font style="FONT-SIZE: 10pt">11.</font></strong></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><strong><font style="FONT-SIZE: 10pt">STOCK OPTIONS</font></strong></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><font style="FONT-SIZE: 10pt"> </font></strong></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align="justify"><font style="FONT-SIZE: 10pt">On November 2015, the Board of Directors (the “Board”) adopted an Equity Incentive Plan (“Plan”). The purpose of the Plan is to attract, retain and motivate employees, directors and persons affiliated with the Company and to provide such participants with additional incentive and reward opportunities. The awards may be in the form of incentive stock options and non-qualified stock options. The accumulated number of shares of stock reserved for issuance as of September 30, 2016 and December 31, 2015 are <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 2,200,000</font> and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 400,000</font>, respectively.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0in 0.25in" align="justify"><font style="FONT-SIZE: 10pt">On November 27, 2015, the Company granted to two third party consultants, options to purchase <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100,000</font> and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 300,000</font> shares of common stock, respectively. For the 100,000 stock options, <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 40,000</font> options vest on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">July 1, 2016</font> and expire on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">June 30, 2021</font> with an exercise price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1.00</font> per share; <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 30,000</font> options vest on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">July 1, 2017</font> and expire on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">June 30, 2022</font> with an exercise price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2.00</font> per share; and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 30,000</font> options vest on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">July 1, 2018</font> and expire on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">June 30, 2023</font> with an exercise price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3.00</font> per share. For the 300,000 stock options, <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100,000</font> options vest on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">July 1, 2016</font> and expire on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">June 30, 2021</font> with an exercise price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1.00</font> per share; <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100,000</font> options vest on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">July 1, 2017</font> and expire on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">June 30, 2022</font> with an exercise price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2.00</font> per share; <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100,000</font> options vest on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">July 1, 2018</font> and expire on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">June 30, 2023</font> with an exercise price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3.00</font> per share.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></font> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0in 0.25in" align="justify"><font style="FONT-SIZE: 10pt">Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </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 0in 0in 0.25in; WIDTH: 96%; 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="83%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>November 17, 2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div> </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> </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> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div>Expected dividend yield</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div>Expected stock price volatility</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> </div> </td> <td style="TEXT-ALIGN: left; 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: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.01</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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="83%"> <div>Risk free interest 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: middle; FONT-WEIGHT: 400" width="1%"> <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> </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>0.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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="83%"> <div>Expected life (years)</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> </div> </td> <td style="TEXT-ALIGN: left; 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: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>5 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <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;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt"></font> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0in 0.25in" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt">On June 30, 2016, the Company approved the issuance of non-qualified stock options for the purchase of an aggregate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 1,500,000</font> shares of common stock to certain employee and persons affiliated with the Company. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 500,000</font> options vest on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">July 1, 2017</font> and expire on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">June 30, 2022</font> with an exercise price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1.00</font> per share; <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 500,000</font> options vest on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">July 1, 2018</font> and expire on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">June 30, 2023</font> with an exercise price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2.00</font> per share; <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 500,000</font> options vest on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">July 1, 2019</font> and expire on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">June 30, 2024</font> with an exercise price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3.00</font> per share.</font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><strong><font style="FONT-SIZE: 10pt">  </font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0in 0.25in" align="justify"><font style="FONT-SIZE: 10pt">Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </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 0in 0in 0.25in; WIDTH: 96%; 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="83%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>June 30, 2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div> </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> </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> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div>Expected dividend yield</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div>Expected stock price volatility</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> </div> </td> <td style="TEXT-ALIGN: left; 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="10%"> <div>0.01</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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="83%"> <div>Risk free interest 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: middle; FONT-WEIGHT: 400" width="1%"> <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> </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>0.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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="83%"> <div>Expected life (years)</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> </div> </td> <td style="TEXT-ALIGN: left; 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="10%"> <div>5 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <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;MARGIN: 0in 0in 0pt"> <strong><font style="FONT-SIZE: 10pt"> </font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0in 0.25in" align="justify"><font style="FONT-SIZE: 10pt">On August 29, 2016, the Company approved the issuance of non-qualified stock options for the purchase of an aggregate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 300,000</font> shares of common stock to an employee of the Company. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100,000</font> options vest on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">August 29, 2017</font> and expire on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">August 28, 2022</font> with an exercise price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2.00</font> per share; <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100,000</font> options vest on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">August 29, 2018</font> and expire on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">August 28, 2023</font> with an exercise price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3.00</font> per share; <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100,000</font> options vest on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">August 25, 2019</font> and expire on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">August 28, 2024</font> with an exercise price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">4.00</font> per share.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0in 0.25in" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt"> <font style="FONT-SIZE: 10pt"> </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 0in 0in 0.25in; WIDTH: 96%; 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="83%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>August 29, 2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div> </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> </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> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div>Expected dividend yield</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div>Expected stock price volatility</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> </div> </td> <td style="TEXT-ALIGN: left; 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: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.01</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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="83%"> <div>Risk free interest 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: middle; FONT-WEIGHT: 400" width="1%"> <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> </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>0.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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="83%"> <div>Expected life (years)</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> </div> </td> <td style="TEXT-ALIGN: left; 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: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>5 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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><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><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; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt"> <font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The Company will issue new shares of common stock upon the exercise of outstanding stock options. The following is a summary of stock option activity:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt"> <font style="FONT-SIZE: 10pt"> </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 0in 0in 0.25in; WIDTH: 96%; 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: 700" width="47%"> <div> </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> </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> </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> </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> </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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-</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> </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> </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> </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="47%"> <div> </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> </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> </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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted</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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Average</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> </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> </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> </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="47%"> <div> </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> </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> </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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Average</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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Remaining</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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Aggregate</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> </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="47%"> <div> </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> </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> </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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Exercise</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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Contractual</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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Intrinsic</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> </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="47%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Shares</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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Price</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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Life</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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Value</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> </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="47%"> <div> </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> </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="1%"> <div> </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="10%"> <div> </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> </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> </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> </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> </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> </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> </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> </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="47%"> <div>Outstanding at December 31, 2015</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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; 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>400,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <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>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6.82 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</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>-</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> </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="47%"> <div>Granted</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> </div> </td> <td style="TEXT-ALIGN: left; 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="10%"> <div>1,800,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <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> </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>2.54</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> </div> </td> <td style="TEXT-ALIGN: left; 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; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7.10 years</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> </div> </td> <td 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> </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: 700" 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> </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="47%"> <div>Exercised</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" 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: 700" 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> </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="47%"> <div>Cancelled and expired</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> </div> </td> <td style="TEXT-ALIGN: left; 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="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> </div> </td> <td style="TEXT-ALIGN: left; 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="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> </div> </td> <td style="TEXT-ALIGN: left; 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="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> </div> </td> <td 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> </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: 700" 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> </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="47%"> <div>Forfeited</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> </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="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> </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="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> </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="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> </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: 700" 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: 700" 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> </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="47%"> <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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </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="47%"> <div>Outstanding at September 30, 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: middle; FONT-WEIGHT: 400" width="1%"> <div> </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="10%"> <div>2,200,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </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>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.50</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6.92 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</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="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> </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="47%"> <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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </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="47%"> <div>Vested and expected to vest at September 30, 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: middle; FONT-WEIGHT: 400" width="1%"> <div> </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="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> </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="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> </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="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> </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="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> </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="47%"> <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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </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="47%"> <div>Exercisable at September 30, 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: middle; FONT-WEIGHT: 400" width="1%"> <div> </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="10%"> <div>140,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </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="10%"> <div>1.00</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> </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; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>5.50 years</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> </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="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> </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 style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0in 0.25in" align="justify"><font style="FONT-SIZE: 10pt">The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock. There were no options exercised during the three and nine months ended September 30, 2016.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt"></font> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0in 0.25in" align="justify"><font style="FONT-SIZE: 10pt"></font><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt">The estimated fair value of these options was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0</font></font> for the three and nine months ended September 30, 2016 and 2015, respectively.</font></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;MARGIN: 0in 0in 0pt 22.5pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0in 0.25in" align="justify"><font style="FONT-SIZE: 10pt">Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </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 0in 0in 0.25in; WIDTH: 96%; 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="83%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>November 17, 2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div> </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> </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> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div>Expected dividend yield</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div>Expected stock price volatility</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> </div> </td> <td style="TEXT-ALIGN: left; 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: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.01</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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="83%"> <div>Risk free interest 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: middle; FONT-WEIGHT: 400" width="1%"> <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> </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>0.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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="83%"> <div>Expected life (years)</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> </div> </td> <td style="TEXT-ALIGN: left; 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: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>5 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt">Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 0.5in; WIDTH: 93%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 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: 400" width="79%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>June 30, 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="2%"> <div> </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="79%"> <div> </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> </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> </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="2%"> <div> </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="79%"> <div>Expected dividend yield</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> </div> </td> <td style="TEXT-ALIGN: left; 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: 1px; 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: bottom; FONT-WEIGHT: 400" width="2%"> <div> </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="79%"> <div>Expected stock price volatility</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> </div> </td> <td style="TEXT-ALIGN: left; 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: 1px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.01</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</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="79%"> <div>Risk free interest 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: middle; FONT-WEIGHT: 400" width="1%"> <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> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 1px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</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="79%"> <div>Expected life (years)</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> </div> </td> <td style="TEXT-ALIGN: left; 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: 1px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>5 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div> </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><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt">Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt"> <font style="FONT-SIZE: 10pt"> </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 0in 0in 0.25in; WIDTH: 96%; 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="83%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>August 29, 2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div> </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> </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> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div>Expected dividend yield</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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="83%"> <div>Expected stock price volatility</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> </div> </td> <td style="TEXT-ALIGN: left; 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: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.01</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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="83%"> <div>Risk free interest 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: middle; FONT-WEIGHT: 400" width="1%"> <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> </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>0.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</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="83%"> <div>Expected life (years)</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> </div> </td> <td style="TEXT-ALIGN: left; 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: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>5 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </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;MARGIN: 0in 0in 0pt 22.5pt"> <font style="FONT-SIZE: 10pt">The Company will issue new shares of common stock upon the exercise of outstanding stock options. The following is a summary of stock option activity:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 22.5pt"> <font style="FONT-SIZE: 10pt"> </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 0in 0in 0.25in; WIDTH: 96%; 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: 700" width="47%"> <div> </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> </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> </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> </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> </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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-</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> </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> </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> </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="47%"> <div> </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> </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> </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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted</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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Average</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> </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> </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> </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="47%"> <div> </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> </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> </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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Average</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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Remaining</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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Aggregate</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> </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="47%"> <div> </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> </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> </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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Exercise</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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Contractual</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> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Intrinsic</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> </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="47%"> <div> </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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Shares</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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Price</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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Life</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> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Value</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> </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="47%"> <div> </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> </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="1%"> <div> </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="10%"> <div> </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> </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> </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> </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> </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> </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> </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> </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="47%"> <div>Outstanding at December 31, 2015</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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; 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>400,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <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>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6.82 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</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>-</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> </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="47%"> <div>Granted</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> </div> </td> <td style="TEXT-ALIGN: left; 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="10%"> <div>1,800,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <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> </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>2.54</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> </div> </td> <td style="TEXT-ALIGN: left; 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; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7.10 years</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> </div> </td> <td 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> </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: 700" 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> </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="47%"> <div>Exercised</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</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> </div> </td> <td style="TEXT-ALIGN: left; 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>-</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> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" 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: 700" 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> </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="47%"> <div>Cancelled and expired</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> </div> </td> <td style="TEXT-ALIGN: left; 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="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> </div> </td> <td style="TEXT-ALIGN: left; 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="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> </div> </td> <td style="TEXT-ALIGN: left; 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="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> </div> </td> <td 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> </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: 700" 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> </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="47%"> <div>Forfeited</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> </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="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> </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="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> </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="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> </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: 700" 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: 700" 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> </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="47%"> <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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </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="47%"> <div>Outstanding at September 30, 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: middle; FONT-WEIGHT: 400" width="1%"> <div> </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="10%"> <div>2,200,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </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>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.50</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6.92 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</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="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> </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="47%"> <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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </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="47%"> <div>Vested and expected to vest at September 30, 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: middle; FONT-WEIGHT: 400" width="1%"> <div> </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="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> </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="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> </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="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> </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="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> </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="47%"> <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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </div> </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> </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> </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> </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="47%"> <div>Exercisable at September 30, 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: middle; FONT-WEIGHT: 400" width="1%"> <div> </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="10%"> <div>140,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </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="10%"> <div>1.00</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> </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; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>5.50 years</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> </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="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> </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>

0.0001

0.0032

0.0001

0.0032

0.0001

0.0032

P5Y

300000

2022-08-28

2.00

3.00

4.00

<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"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 22.5pt; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="30"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">12.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">ISSUANCE OF COMMON STOCK</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><font style="FONT-SIZE: 10pt">  </font></b></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 22.5pt" align="justify"><font style="FONT-SIZE: 10pt">During the nine months ended September 30, 2016, the Company issued <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 1,550,000</font> shares of common stock at $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.01</font> per share and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 800,000</font> shares of common stock at $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.1</font> per share, respectively, for the exchange of consulting services from unrelated third parties.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

2017-08-29 2018-08-29 2019-08-25

100000

2023-08-28

2024-08-28

2021-06-30

2017-07-01

800000

0.1

EX-101.SCH 7 cik0001626556-20160930.xsd XBRL TAXONOMY EXTENSION SCHEMA 101 - Document - Document And Entity Information link:presentationLink link:definitionLink link:calculationLink 102 - Statement - CONSOLIDATED BALANCE SHEETS link:presentationLink link:definitionLink link:calculationLink 103 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 104 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS link:presentationLink link:definitionLink link:calculationLink 105 - Statement - CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY link:presentationLink link:definitionLink link:calculationLink 106 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS link:presentationLink link:definitionLink link:calculationLink 107 - Disclosure - ORGANIZATION AND BUSINESS link:presentationLink link:definitionLink link:calculationLink 108 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:definitionLink link:calculationLink 109 - Disclosure - RECENTLY ISSUED ACCOUNTING STANDARDS link:presentationLink link:definitionLink link:calculationLink 110 - Disclosure - SECURITY DEPOSITS link:presentationLink link:definitionLink link:calculationLink 111 - Disclosure - DEFERRED REVENUE link:presentationLink link:definitionLink link:calculationLink 112 - Disclosure - ADVANCES FROM CLIENTS link:presentationLink link:definitionLink link:calculationLink 113 - Disclosure - RELATED-PARTY TRANSACTIONS link:presentationLink link:definitionLink link:calculationLink 114 - Disclosure - LONG-TERM LOAN link:presentationLink link:definitionLink link:calculationLink 115 - Disclosure - LEASE COMMITMENTS link:presentationLink link:definitionLink link:calculationLink 116 - Disclosure - INCOME TAXES link:presentationLink link:definitionLink link:calculationLink 117 - Disclosure - STOCK OPTIONS link:presentationLink link:definitionLink link:calculationLink 118 - Disclosure - ISSUANCE OF COMMON STOCK link:presentationLink link:definitionLink link:calculationLink 119 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:definitionLink link:calculationLink 120 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:definitionLink link:calculationLink 121 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:definitionLink link:calculationLink 122 - Disclosure - LEASE COMMITMENTS (Tables) link:presentationLink link:definitionLink link:calculationLink 123 - Disclosure - INCOME TAXES (Tables) link:presentationLink link:definitionLink link:calculationLink 124 - Disclosure - STOCK OPTIONS (Tables) link:presentationLink link:definitionLink link:calculationLink 125 - Disclosure - ORGANIZATION AND BUSINESS (Details Textual) link:presentationLink link:definitionLink link:calculationLink 126 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) link:presentationLink link:definitionLink link:calculationLink 127 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) link:presentationLink link:definitionLink link:calculationLink 128 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) link:presentationLink link:definitionLink link:calculationLink 129 - Disclosure - SECURITY DEPOSITS (Details Textual) link:presentationLink link:definitionLink link:calculationLink 130 - Disclosure - DEFERRED REVENUE (Details Textual) link:presentationLink link:definitionLink link:calculationLink 131 - Disclosure - ADVANCES FROM CLIENTS (Details Textual) link:presentationLink link:definitionLink link:calculationLink 132 - Disclosure - RELATED-PARTY TRANSACTIONS (Details Textual) link:presentationLink link:definitionLink link:calculationLink 133 - Disclosure - LONG-TERM LOAN (Details Textual) link:presentationLink link:definitionLink link:calculationLink 134 - Disclosure - LEASE COMMITMENTS (Details) link:presentationLink link:definitionLink link:calculationLink 135 - Disclosure - LEASE COMMITMENTS (Details Textual) link:presentationLink link:definitionLink link:calculationLink 136 - Disclosure - INCOME TAXES (Details) link:presentationLink link:definitionLink link:calculationLink 137 - Disclosure - INCOME TAXES (Details 1) link:presentationLink link:definitionLink link:calculationLink 138 - Disclosure - INCOME TAXES (Details 2) link:presentationLink link:definitionLink link:calculationLink 139 - Disclosure - STOCK OPTIONS (Details) link:presentationLink link:definitionLink link:calculationLink 140 - Disclosure - STOCK OPTIONS (Details 1) link:presentationLink link:definitionLink link:calculationLink 141 - Disclosure - STOCK OPTIONS (Details Textual) link:presentationLink link:definitionLink link:calculationLink 142 - Disclosure - ISSUANCE OF COMMON STOCK (Details Textual) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 8 cik0001626556-20160930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 cik0001626556-20160930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 cik0001626556-20160930_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document And Entity Information [Abstract] Document Information [Table] Class of Stock [Axis] Statement of Financial Position [Abstract] Statement [Table] Class of Stock [Domain] Statement [Line Items] Assets [Abstract] ASSETS Assets, Current [Abstract] Current assets: Cash and Cash Equivalents, at Carrying Value Cash (Note2) Cash, beginning of period Cash, end of period Accounts Receivable, Net, Current Accounts receivable (Note 2) Prepaid Expense, Current, Total Prepaid expenses Assets, Current Total current assets Deferred Tax Assets, Net of Valuation Allowance, Current Deferred income taxes (Notes 2 and 10) Assets, Noncurrent [Abstract] Noncurrent assets: Liabilities and Equity [Abstract] LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities [Abstract] Liabilities Accounts Payable and Accrued Liabilities, Current Accounts payable and accrued expenses Taxes Payable, Current, Total Income taxes payable Deferred Revenue, Current Deferred revenue (Note 5) Customer Advances, Current Advances from clients (Note 6) Liabilities, Current [Abstract] Current liabilities: Deferred Rent Credit, Noncurrent Deferred rent Long-term Debt, Excluding Current Maturities Long-term loan (Note 8) Liabilities, Noncurrent [Abstract] Noncurrent liabilities: Liabilities Total liabilities Preferred Stock, Value, Issued Preferred stock, $0.001 par value; 20,000,000 shares authorized; none issued Common Stock, Value, Issued Common stock, $0.001 par value; 180,000,000 shares authorized; 32,350,000 and 30,000,000 shares issued and outstanding, at September 30, 2016 and December 31, 2015 (Note 12) Additional Paid in Capital Additional paid-in capital Retained Earnings (Accumulated Deficit) (Deficit) retained earnings Stockholders' Equity Attributable to Parent Total stockholders' equity Balance Balance Stockholders' Equity Attributable to Parent [Abstract] Stockholders’ equity: Income Statement [Abstract] Sales Revenue, Services, Net Revenues (Note 2) Costs and Expenses [Abstract] Costs and expenses: Consulting Services Consulting services Cost related to consulting services rendered during period. Other Cost of Services Application fees General and Administrative Expense General and administrative Costs and Expenses Total costs and expenses Operating Income (Loss) (Loss) income from operations Other Nonoperating Income (Expense), Total Other income (loss) Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest (Loss) income before (benefit from) provision for income taxes Income Tax Expense (Benefit) (Benefit from) provision for income taxes Total Net Income (Loss) Attributable to Parent Net (loss) income Net (loss) income Net (loss) Income (Loss) from Continuing Operations, Per Basic and Diluted Share (Loss) earnings per share - basic and diluted Weighted Average Number of Shares Outstanding, Basic and Diluted Weighted average shares outstanding, basic and diluted Preferred Stock, Par or Stated Value Per Share Preferred Stock, Par or Stated Value Per Share (in dollars per share) Preferred Stock, Shares Authorized Preferred Stock, Shares Issued Common Stock, Par or Stated Value Per Share Common Stock, Par or Stated Value Per Share (in dollars per share) Common Stock, Shares Authorized Common Stock, Shares, Issued Common Stock, Shares, Outstanding Statement of Stockholders' Equity [Abstract] Common Stock [Member] Additional Paid-in Capital [Member] Retained Earnings [Member] Retained Earnings [Member] Shares, Outstanding Balance (in shares) Balance (in shares) Stock Issued During Period, Value, Issued for Services Issuance of common stock for services Stock Issued During Period, Shares, Issued for Services Issuance of common stock for services (in shares) Statement of Cash Flows [Abstract] Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract] Cash flows from operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Deferred Income Tax Expense (Benefit) Deferred income taxes Deferred Increase (Decrease) in Accounts Receivable Decrease (increase) in accounts receivable Increase (Decrease) in Prepaid Expenses, Other Decrease in prepaid expenses Increase (Decrease) in Accounts Payable and Accrued Liabilities (Decrease) increase in accounts payable Increase (Decrease) in Income Taxes Payable (Decrease) in corporate taxes payable Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract] Cash flows from financing activities: Cash and Cash Equivalents, Period Increase (Decrease) Net change in cash Income Taxes Paid Cash paid for income taxes Interest Paid Cash paid for interest Organization, Consolidation and Presentation of Financial Statements [Abstract] Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] ORGANIZATION AND BUSINESS [Table] Legal Entity [Axis] Entity [Domain] AEC New York [Member] AEC Nevada [Member] ORGANIZATION AND BUSINESS [Line Items] Shares Exchanged By Shareholder Represents the number of shares exchanged by the shareholders. Accounting Policies [Abstract] Significant Accounting Policies [Text Block] Basis of Accounting, Policy [Policy Text Block] Cash and Cash Equivalents, Policy [Policy Text Block] Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] Revenue Recognition, Policy [Policy Text Block] Concentration Risk, Credit Risk, Policy [Policy Text Block] Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] Income Tax, Policy [Policy Text Block] Fair Value of Financial Instruments, Policy [Policy Text Block] Use of Estimates, Policy [Policy Text Block] Schedules of Concentration of Risk, by Risk Factor [Table Text Block] Statutory Accounting Practices [Table] Customer [Axis] Customer [Domain] Customer 1 [Member] Customer 2 [Member] Concentration Risk Benchmark [Axis] Revenues Gross Revenue Concentration Risk, Percentage Percentage Accounts Receivable, Net Accounts Receivable Cash, FDIC Insured Amount New Accounting Pronouncements and Changes in Accounting Principles [Abstract] New Accounting Pronouncements and Changes in Accounting Principles [Text Block] Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] Other Assets Disclosure [Text Block] Deposits [Abstract] Security Deposits [Line Items] Deposits Assets, Noncurrent Security deposits (Note 4) Deferred Revenue Disclosure [Abstract] Deferred Revenue Disclosure [Text Block] Deferred Revenue Arrangement, by Type [Table] Deferred Revenue Arrangement Type [Axis] Deferred Revenue [Domain] Deferred Revenue Arrangement [Line Items] Other Liabilities Disclosure [Abstract] Advances From Clients [Abstract] Advances From Clients [Table] Products and Services [Axis] Products and Services [Domain] Advances From Clients [Line Items] Advances From Clients Revenue Recognized Represents the total advances from clients revenue recognized during the period. Related Party Transactions [Abstract] Related Party Transactions Disclosure [Text Block] Schedule of Related Party Transactions, by Related Party [Table] Related Party [Axis] Related Party [Domain] Columbia International College, Inc [Member] Related Party Transaction [Line Items] Related Party Transaction, Rate Payments for Fees Debt Disclosure [Abstract] Long-term Debt [Text Block] Schedule of Long-term Debt Instruments [Table] Long-term Debt, Type [Axis] Debt Instrument [Line Items] Long-term Debt, Type [Domain] Income Tax Disclosure [Abstract] Debt Instrument, Interest Rate, Effective Percentage Interest Expense, Debt Debt Instrument, Maturity Date Income Tax Disclosure [Text Block] Summary of Operating Loss Carryforwards [Table Text Block] Schedule of Deferred Tax Assets and Liabilities [Table Text Block] Leases [Abstract] Income Taxes [Table] Leases of Lessee Disclosure [Text Block] Operating Leases of Lessee Disclosure [Table Text Block] Schedule of Operating Leased Assets [Table] Lease Arrangement, Type [Axis] Operating Leased Assets [Line Items] Lease Arrangement, Type [Domain] Operating Leases, Future Minimum Payments Due, Next Twelve Months 2016 Operating Leases, Future Minimum Payments, Due in Two Years 2017 Operating Leases, Future Minimum Payments, Due in Three Years 2018 Operating Leases, Future Minimum Payments, Due in Four Years 2019 Operating Leases, Future Minimum Payments, Due in Five Years 2020 Operating Leases, Future Minimum Payments, Due Thereafter Thereafter Operating Leases, Future Minimum Payments Due Total Unrelated Party [Axis] Income Taxes [Line Items] Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Sub Lease [Axis] Current Income Tax Expense (Benefit) Current Unrelated Party [Domain] Unrelated Party [Member] Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent Tax at federal statutory rate Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent State and local taxes, net of federal benefit Operating Leases, Rent Expense Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent Valuation allowance Lease Expiration Date Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent Changes in tax reserves Subsequent Events [Abstract] Subsequent Events [Text Block] Liabilities and Equity TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY Significant Accounting Policies [Line Items] Concentration Risk Benchmark [Domain] Sales Revenue Gross [Member] Other Liabilities Disclosure [Text Block] Due to Related Parties, Current Loan from stockholder (Note 7) Increase (Decrease) in Deferred Revenue (Decrease) increase in deferred revenue Deferred Rent Expense Income Deferred rent expense Amount of deferred rent expense (income). Supplemental Cash Flow Information [Abstract] Supplemental disclosure of cash flow information Sales Revenue, Services, Net [Member] Accounts Receivable [Member] Technology Services Costs Scenario [Axis] Sub Lease [Domain] Sublease One [Member] Operating Leases, Income Statement, Sublease Revenue Operating Leases, Future Minimum Payments Due, Future Minimum Sublease Rentals EX-101.PRE 11 cik0001626556-20160930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 R1.htm IDEA: XBRL DOCUMENT

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2016	Nov. 11, 2016
Document Information [Line Items]
Entity Registrant Name	AMERICAN EDUCATION CENTER, INC.
Entity Central Index Key	0001626556
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		32,350,000
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2016

XML 13 R2.htm IDEA: XBRL DOCUMENT

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash (Note2)	$ 281,544	$ 1,093,755
Accounts receivable (Note 2)	797,038	1,114,280
Prepaid expenses	16,170	96,000
Total current assets	1,094,752	2,304,035
Noncurrent assets:
Deferred income taxes (Notes 2 and 10)	73,719	0
Security deposits (Note 4)	266,021	266,021
Total noncurrent assets	339,740	266,021
TOTAL ASSETS	1,434,492	2,570,056
Current liabilities:
Accounts payable and accrued expenses	301,789	994,291
Income taxes payable	185,238	216,812
Deferred revenue (Note 5)	0	553,624
Advances from clients (Note 6)	157,469	63,679
Loan from stockholder (Note 7)	88,551	88,551
Total current liabilities	733,047	1,916,957
Noncurrent liabilities:
Deferred rent	141,072	104,195
Long-term loan (Note 8)	295,579	295,579
Total liabilities	1,169,698	2,316,731
Stockholders’ equity:
Preferred stock, $0.001 par value; 20,000,000 shares authorized; none issued	0	0
Common stock, $0.001 par value; 180,000,000 shares authorized; 32,350,000 and 30,000,000 shares issued and outstanding, at September 30, 2016 and December 31, 2015 (Note 12)	32,350	30,000
Additional paid-in capital	307,326	214,176
(Deficit) retained earnings	(74,882)	9,149
Total stockholders' equity	264,794	253,325
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,434,492	$ 2,570,056

XML 14 R3.htm IDEA: XBRL DOCUMENT

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Preferred Stock, Shares Issued	0	0
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized	180,000,000	180,000,000
Common Stock, Shares, Issued	32,350,000	30,000,000
Common Stock, Shares, Outstanding	32,350,000	30,000,000

XML 15 R4.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues (Note 2)	$ 969,959	$ 1,650,061	$ 4,880,614	$ 4,583,541
Costs and expenses:
Consulting services	788,573	1,918,936	3,845,760	2,823,930
Application fees	5,700	4,898	53,272	28,558
General and administrative	306,071	634,141	1,165,985	1,803,619
Total costs and expenses	1,100,344	2,557,975	5,065,017	4,656,107
(Loss) income from operations	(130,385)	(298,538)	(184,403)	(72,566)
Other income (loss)	2,409	(361)	7,602	945
(Loss) income before (benefit from) provision for income taxes	(127,976)	(298,899)	(176,801)	(71,621)
(Benefit from) provision for income taxes	(76,028)	(47,952)	(92,770)	77,251
Net (loss) income	$ (51,948)	$ (250,947)	$ (84,031)	$ (148,872)
(Loss) earnings per share - basic and diluted	$ (0.00)	$ (0.01)	$ (0.00)	$ (0.01)
Weighted average shares outstanding, basic and diluted	31,558,889	21,000,000	30,584,000	21,000,000

XML 16 R5.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - 9 months ended Sep. 30, 2016 - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balance at Dec. 31, 2015	$ 253,325	$ 30,000	$ 214,176	$ 9,149
Balance (in shares) at Dec. 31, 2015		30,000,000
Issuance of common stock for services	95,500	$ 2,350	93,150	0
Issuance of common stock for services (in shares)		2,350,000
Net (loss)	(84,031)	$ 0	0	(84,031)
Balance at Sep. 30, 2016	$ 264,794	$ 32,350	$ 307,326	$ (74,882)
Balance (in shares) at Sep. 30, 2016		32,350,000

XML 17 R6.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net (loss) income	$ (84,031)	$ (148,872)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Deferred income taxes	(73,719)	91,064
Deferred rent expense	36,877	76,315
Stock issuance for services	95,500	0
Change in operating assets and liabilities:
Decrease (increase) in accounts receivable	317,242	(796,667)
Decrease in prepaid expenses	79,830	0
(Decrease) increase in accounts payable	(692,502)	445,944
(Decrease) in corporate taxes payable	(31,574)	0
(Decrease) increase in deferred revenue	(553,624)	349,119
Increase in advances from clients	93,790	9,050
Net cash (used in) provided by operating activities	(812,211)	25,953
Cash flows from financing activities:
Proceeds from prepaid stock subscriptions	0	51,836
Net cash (used in) provided by financing activities	0	51,836
Net change in cash	(812,211)	77,789
Cash, beginning of period	1,093,755	82,572
Cash, end of period	281,544	160,361
Supplemental disclosure of cash flow information
Cash paid for income taxes	0	0
Cash paid for interest	$ 22,167	$ 24,519

XML 18 R7.htm IDEA: XBRL DOCUMENT

ORGANIZATION AND BUSINESS

9 Months Ended

Sep. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1.	ORGANIZATION AND BUSINESS

XML 19 R8.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting and Presentation

Cash and Cash Equivalents

The Company considers all liquid investments with an original maturity of three months or less to be cash equivalents.

Accounts Receivable

Revenue Recognition

Concentration of Credit and Business Risk

	2016
						Accounts
	Gross Revenue		Percentage			Receivable		Percentage

Customer 1	$	814,000		16.7	%	$	-		-
Customer 2		1,271,590		26.1	%		218,650		27.4	%

	2015
						Accounts
	Gross Revenue		Percentage			Receivable		Percentage

Customer 1	$	825,050		18.0	%	$	210,000		26.3	%

Stock-Based Compensation

Income Taxes

Fair Value of Financial Measurements

Level 1 Inputs –	Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access.

Level 2 Inputs –	Inputs other than the quoted prices in active markets that are observable either directly or indirectly.

Level 3 Inputs –	Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements.

Use of Estimates

Earnings (Loss) per Share

	2016		2015

Common stock equivalents – stock options		2,200,000		-

XML 20 R9.htm IDEA: XBRL DOCUMENT

RECENTLY ISSUED ACCOUNTING STANDARDS

9 Months Ended

Sep. 30, 2016

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

3.	RECENTLY ISSUED ACCOUNTING STANDARDS

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=66092750

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305

+ Details

XML 21 R10.htm IDEA: XBRL DOCUMENT

SECURITY DEPOSITS

9 Months Ended

Sep. 30, 2016

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets Disclosure [Text Block]

SECURITY DEPOSITS

The Company has security deposits with the landlords of $266,021 as of September 30, 2016 and December 31, 2015.

XML 22 R11.htm IDEA: XBRL DOCUMENT

DEFERRED REVENUE

9 Months Ended

Sep. 30, 2016

Deferred Revenue Disclosure [Abstract]

Deferred Revenue Disclosure [Text Block]

DEFERRED REVENUE

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References + Details

XML 23 R12.htm IDEA: XBRL DOCUMENT

ADVANCES FROM CLIENTS

9 Months Ended

Sep. 30, 2016

Other Liabilities Disclosure [Abstract]

Other Liabilities Disclosure [Text Block]

6.	ADVANCES FROM CLIENTS

The services for H1B visas require prepayment to the Company which has been shown as advances from clients on the balance sheets.

XML 24 R13.htm IDEA: XBRL DOCUMENT

RELATED-PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2016

7.	RELATED-PARTY TRANSACTIONS

The loan from stockholder represents an unsecured non-interest bearing loan, arising from expenses paid on behalf of the Company. The loan is due on demand.

XML 25 R14.htm IDEA: XBRL DOCUMENT

LONG-TERM LOAN

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Long-term Debt [Text Block]

8.	LONG-TERM LOAN

XML 26 R15.htm IDEA: XBRL DOCUMENT

LEASE COMMITMENTS

9 Months Ended

Sep. 30, 2016

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

9.	LEASE COMMITMENTS

Future minimum lease commitments are as follows:

Year Ending December 31,	Amount

2016	$	360,606
2017		369,621
2018		378,862
2019		388,333
2020		418,604
Thereafter		2,105,734

Total	$	4,021,760

XML 27 R16.htm IDEA: XBRL DOCUMENT

INCOME TAXES

9 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

10.

Income taxes

The component of deferred tax assets at September 30, 2016 and December 31, 2015 is as follows:

	September 30,		December 31,
	2016		2015

Net operating loss carry forwards	$	73,719	$	-

The (benefit) provision for income taxes for the three and nine months ended September 30 consist of the following:

	Three Months Ended, September 30,				Nine Months Ended, September 30,
	2016		2015		2016		2015

Current	$	(19,101)	$	(44,365)	$	(19,051)	$	(13,813)
Deferred		(56,927)		(3,587)		(73,719)		91,064

Total	$	(76,028)	$	(47,952)	$	(92,770)	$	77,251

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015

Tax at federal statutory rate		34.0	%		(34.0)	%		34.0	%		(34.0)	%
State and local taxes, net of federal benefit		10.8			(10.8)			10.8			(10.8)
Valuation allowance		-			44.8			-			44.8
Changes in tax reserves		14.6			0.0			7.7			0.0

Total		59.4	%		0	%		52.5	%		0	%

XML 28 R17.htm IDEA: XBRL DOCUMENT

STOCK OPTIONS

9 Months Ended

Sep. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

11.

STOCK OPTIONS

Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:

	November 17, 2015

Expected dividend yield	$	-
Expected stock price volatility		0.01	%
Risk free interest rate		0.32	%
Expected life (years)		5 years

Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:

	June 30, 2016

Expected dividend yield	$	-
Expected stock price volatility		0.01	%
Risk free interest rate		0.32	%
Expected life (years)		5 years

Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:

	August 29, 2016

Expected dividend yield	$	-
Expected stock price volatility		0.01	%
Risk free interest rate		0.32	%
Expected life (years)		5 years

The Company will issue new shares of common stock upon the exercise of outstanding stock options. The following is a summary of stock option activity:

					Weighted-
			Weighted		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
	Shares		Price		Life		Value

Outstanding at December 31, 2015		400,000	$	2.32		6.82 years	$	-
Granted		1,800,000		2.54		7.10 years		-
Exercised		-		-		-		-
Cancelled and expired		-		-		-		-
Forfeited		-		-		-		-

Outstanding at September 30, 2016		2,200,000	$	2.50		6.92 years	$	-

Vested and expected to vest at September 30, 2016		-		-		-	$	-

Exercisable at September 30, 2016		140,000	$	1.00		5.50 years	$	-

The estimated fair value of these options was $0 for the three and nine months ended September 30, 2016 and 2015, respectively.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details

XML 29 R18.htm IDEA: XBRL DOCUMENT

ISSUANCE OF COMMON STOCK

9 Months Ended

Sep. 30, 2016

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

12.

ISSUANCE OF COMMON STOCK

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

+ Details

XML 30 R19.htm IDEA: XBRL DOCUMENT

SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2016

Subsequent Events [Abstract]

Subsequent Events [Text Block]

13.

SUBSEQUENT EVENTS

XML 31 R20.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Accounting and Presentation

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

The Company considers all liquid investments with an original maturity of three months or less to be cash equivalents.

Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]

Accounts Receivable

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentration of Credit and Business Risk

	2016
						Accounts
	Gross Revenue		Percentage			Receivable		Percentage

Customer 1	$	814,000		16.7	%	$	-		-
Customer 2		1,271,590		26.1	%		218,650		27.4	%

	2015
						Accounts
	Gross Revenue		Percentage			Receivable		Percentage

Customer 1	$	825,050		18.0	%	$	210,000		26.3	%

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

Stock-Based Compensation

Income Tax, Policy [Policy Text Block]

Income Taxes

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Measurements

Level 1 Inputs –	Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access.

Level 2 Inputs –	Inputs other than the quoted prices in active markets that are observable either directly or indirectly.

Level 3 Inputs –	Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Earnings Per Share, Policy [Policy Text Block]

Earnings (Loss) per Share

	2016		2015

Common stock equivalents – stock options		2,200,000		-

XML 32 R21.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

	2016
						Accounts
	Gross Revenue		Percentage			Receivable		Percentage

Customer 1	$	814,000		16.7	%	$	-		-
Customer 2		1,271,590		26.1	%		218,650		27.4	%

	2015
						Accounts
	Gross Revenue		Percentage			Receivable		Percentage

Customer 1	$	825,050		18.0	%	$	210,000		26.3	%

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

Total shares issuable upon the exercise of all outstanding stock options for the nine months ended September 30, 2016 and 2015 were as follows:

	2016		2015

Common stock equivalents – stock options		2,200,000		-

XML 33 R22.htm IDEA: XBRL DOCUMENT

LEASE COMMITMENTS (Tables)

9 Months Ended

Sep. 30, 2016

Leases [Abstract]

Operating Leases of Lessee Disclosure [Table Text Block]

Future minimum lease commitments are as follows:

Year Ending December 31,	Amount

2016	$	360,606
2017		369,621
2018		378,862
2019		388,333
2020		418,604
Thereafter		2,105,734

Total	$	4,021,760

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References + Details

XML 34 R23.htm IDEA: XBRL DOCUMENT

INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Summary of Operating Loss Carryforwards [Table Text Block]

The component of deferred tax assets at September 30, 2016 and December 31, 2015 is as follows:

	September 30,		December 31,
	2016		2015

Net operating loss carry forwards	$	73,719	$	-

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The (benefit) provision for income taxes for the three and nine months ended September 30 consist of the following:

	Three Months Ended, September 30,				Nine Months Ended, September 30,
	2016		2015		2016		2015

Current	$	(19,101)	$	(44,365)	$	(19,051)	$	(13,813)
Deferred		(56,927)		(3,587)		(73,719)		91,064

Total	$	(76,028)	$	(47,952)	$	(92,770)	$	77,251

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015

Tax at federal statutory rate		34.0	%		(34.0)	%		34.0	%		(34.0)	%
State and local taxes, net of federal benefit		10.8			(10.8)			10.8			(10.8)
Valuation allowance		-			44.8			-			44.8
Changes in tax reserves		14.6			0.0			7.7			0.0

Total		59.4	%		0	%		52.5	%		0	%

XML 35 R24.htm IDEA: XBRL DOCUMENT

STOCK OPTIONS (Tables)

9 Months Ended

Sep. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:

	November 17, 2015

Expected dividend yield	$	-
Expected stock price volatility		0.01	%
Risk free interest rate		0.32	%
Expected life (years)		5 years

Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:

	June 30, 2016

Expected dividend yield	$	-
Expected stock price volatility		0.01	%
Risk free interest rate		0.32	%
Expected life (years)		5 years

Weighted average assumptions used to estimate the fair value of stock options on the date of grant are as follows:

	August 29, 2016

Expected dividend yield	$	-
Expected stock price volatility		0.01	%
Risk free interest rate		0.32	%
Expected life (years)		5 years

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The Company will issue new shares of common stock upon the exercise of outstanding stock options. The following is a summary of stock option activity:

					Weighted-
			Weighted		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
	Shares		Price		Life		Value

Outstanding at December 31, 2015		400,000	$	2.32		6.82 years	$	-
Granted		1,800,000		2.54		7.10 years		-
Exercised		-		-		-		-
Cancelled and expired		-		-		-		-
Forfeited		-		-		-		-

Outstanding at September 30, 2016		2,200,000	$	2.50		6.92 years	$	-

Vested and expected to vest at September 30, 2016		-		-		-	$	-

Exercisable at September 30, 2016		140,000	$	1.00		5.50 years	$	-

XML 36 R25.htm IDEA: XBRL DOCUMENT

ORGANIZATION AND BUSINESS (Details Textual)	1 Months Ended
ORGANIZATION AND BUSINESS (Details Textual)	May 31, 2014 shares
AEC New York [Member]
ORGANIZATION AND BUSINESS [Line Items]
Shares Exchanged By Shareholder	200
AEC Nevada [Member]
ORGANIZATION AND BUSINESS [Line Items]
Shares Exchanged By Shareholder	10,563,000

XML 37 R26.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Customer 1 [Member] \| Sales Revenue, Services, Net [Member]
Significant Accounting Policies [Line Items]
Gross Revenue	$ 814,000	$ 825,050
Percentage	16.70%	18.00%
Customer 1 [Member] \| Accounts Receivable [Member]
Significant Accounting Policies [Line Items]
Percentage	0.00%	26.30%
Accounts Receivable	$ 0	$ 210,000
Customer 2 [Member] \| Sales Revenue, Services, Net [Member]
Significant Accounting Policies [Line Items]
Gross Revenue	$ 1,271,590
Percentage	26.10%
Customer 2 [Member] \| Accounts Receivable [Member]
Significant Accounting Policies [Line Items]
Percentage	27.40%
Accounts Receivable	$ 218,650

XML 38 R27.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock equivalents - stock options	2,200,000	0

XML 39 R28.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	9 Months Ended
	Sep. 30, 2016 USD ($)
Significant Accounting Policies [Line Items]
Cash, FDIC Insured Amount	$ 250,000
Customer Non Refundable Fees, Proceeds	$ 2,000
Sales Revenue Gross [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	10.00%

XML 40 R29.htm IDEA: XBRL DOCUMENT

SECURITY DEPOSITS (Details Textual) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Security Deposits [Line Items]
Deposits Assets, Noncurrent	$ 266,021	$ 266,021

XML 41 R30.htm IDEA: XBRL DOCUMENT

DEFERRED REVENUE (Details Textual) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Deferred Revenue Arrangement [Line Items]
Deferred Revenue, Current	$ 0	$ 553,624

- Definition

The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income.

+ References + Details

XML 42 R31.htm IDEA: XBRL DOCUMENT

ADVANCES FROM CLIENTS (Details Textual) - USD ($)	9 Months Ended	12 Months Ended
ADVANCES FROM CLIENTS (Details Textual) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Advances From Clients [Line Items]
Advances From Clients Revenue Recognized	$ 157,469	$ 63,679

XML 43 R32.htm IDEA: XBRL DOCUMENT

RELATED-PARTY TRANSACTIONS (Details Textual) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
RELATED-PARTY TRANSACTIONS (Details Textual) - USD ($)	Sep. 30, 2016	Sep. 30, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Payments for Fees		$ 21,500	$ 21,500
Columbia International College, Inc [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Rate		34.00%
Technology Services Costs	$ 25,000	$ 245,000

XML 44 R33.htm IDEA: XBRL DOCUMENT

LONG-TERM LOAN (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
LONG-TERM LOAN (Details Textual) - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 01, 2014
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	$ 295,579		$ 295,579		$ 295,579	$ 295,579
Debt Instrument, Interest Rate, Effective Percentage						10.00%
Interest Expense, Debt	$ 7,398	$ 22,167	$ 7,949	$ 24,519
Debt Instrument, Maturity Date			Dec. 12, 2019

XML 45 R34.htm IDEA: XBRL DOCUMENT

LEASE COMMITMENTS (Details)	Sep. 30, 2016 USD ($)
Operating Leased Assets [Line Items]
2016	$ 360,606
2017	369,621
2018	378,862
2019	388,333
2020	418,604
Thereafter	2,105,734
Total	$ 4,021,760

XML 46 R35.htm IDEA: XBRL DOCUMENT

LEASE COMMITMENTS (Details Textual) - USD ($)	1 Months Ended	3 Months Ended			9 Months Ended
LEASE COMMITMENTS (Details Textual) - USD ($)	Apr. 30, 2016	Sep. 30, 2016	Feb. 29, 2016	Sep. 30, 2015	Nov. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2017	Dec. 31, 2016
Operating Leased Assets [Line Items]
Lease Expiration Date						Mar. 31, 2017
Scenario, Forecast [Member]
Operating Leased Assets [Line Items]
Operating Leases, Future Minimum Payments Due, Future Minimum Sublease Rentals								$ 60,120	$ 60,120
Sublease One [Member]
Operating Leased Assets [Line Items]
Lease Expiration Date						Nov. 30, 2016
Operating Leases, Income Statement, Sublease Revenue	$ 20,000		$ 3,000
Sublease One [Member] \| Scenario, Forecast [Member]
Operating Leased Assets [Line Items]
Operating Leases, Income Statement, Sublease Revenue					$ 1,500
Unrelated Party [Member]
Operating Leased Assets [Line Items]
Operating Leases, Rent Expense		$ 33,000		$ 153,000		$ 168,000	$ 381,000
Lease Expiration Date						Jul. 31, 2025

XML 47 R36.htm IDEA: XBRL DOCUMENT

INCOME TAXES (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Income Taxes [Line Items]
Net operating loss carry forwards	$ 73,719	$ 0

XML 48 R37.htm IDEA: XBRL DOCUMENT

INCOME TAXES (Details 1) - USD ($)	3 Months Ended		9 Months Ended
INCOME TAXES (Details 1) - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Taxes [Line Items]
Current	$ (19,101)	$ (44,365)	$ (19,051)	$ (13,813)
Deferred	(56,927)	(3,587)	(73,719)	91,064
Total	$ (76,028)	$ (47,952)	$ (92,770)	$ 77,251

XML 49 R38.htm IDEA: XBRL DOCUMENT

INCOME TAXES (Details 2)	3 Months Ended		9 Months Ended
INCOME TAXES (Details 2)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Taxes [Line Items]
Tax at federal statutory rate	34.00%	(34.00%)	34.00%	(34.00%)
State and local taxes, net of federal benefit	10.80%	(10.80%)	10.80%	(10.80%)
Valuation allowance	0.00%	44.80%	0.00%	44.80%
Changes in tax reserves	14.60%	0.00%	7.70%	0.00%
Total	59.40%	0.00%	52.50%	0.00%

XML 50 R39.htm IDEA: XBRL DOCUMENT

STOCK OPTIONS (Details) - USD ($)	1 Months Ended
STOCK OPTIONS (Details) - USD ($)	Aug. 29, 2016	Jun. 30, 2016	Nov. 17, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	$ 0	$ 0	$ 0
Expected stock price volatility	0.01%	0.01%	0.01%
Risk free interest rate	0.32%	0.32%	0.32%
Expected life (years)	5 years	5 years	5 years

XML 51 R40.htm IDEA: XBRL DOCUMENT

STOCK OPTIONS (Details 1) - USD ($)	9 Months Ended	12 Months Ended
STOCK OPTIONS (Details 1) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Outstanding at December 31, 2015	400,000
Shares, Granted	1,800,000
Shares, Exercised	0
Cancelled and expired	0
Shares, Forfeited	0
Shares, Outstanding at September 30, 2016	2,200,000	400,000
Shares, Vested and expected to vest at September 30, 2016	0
Shares, Exercisable at September 30, 2016	140,000
Weighted Average Exercise, Outstanding at December 31, 2015	$ 2.32
Weighted Average Exercise Price, Granted	2.54
Weighted Average Exercise Price, Exercised	0
Weighted Average Exercise Price, Cancelled and expired	0
Weighted Average Exercise Price, Forfeited	0
Weighted Average Exercise Price, Outstanding at September 30, 2016	2.50	$ 2.32
Weighted Average Exercise Price, Vested and expected to vest at September 30, 2016	0
Weighted Average Exercise Price, Exercisable at September 30, 2016	$ 1.00
Weighted- Average Remaining Contractual Life, Outstanding	6 years 11 months 1 day	6 years 9 months 25 days
Weighted- Average Remaining Contractual Life, Granted	7 years 1 month 6 days
Weighted- Average Remaining Contractual Life, Vested and expected to vest at September 30, 2016	0 years
Weighted- Average Remaining Contractual Life, Exercisable at September 30, 2016	5 years 6 months
Aggregate Intrinsic Value, Outstanding	$ 0	$ 0
Aggregate Intrinsic Value, Vested and expected to vest at September 30, 2016	0
Aggregate Intrinsic Value, Exercisable at September 30, 2016	$ 0

XML 52 R41.htm IDEA: XBRL DOCUMENT

STOCK OPTIONS (Details Textual) - $ / shares	1 Months Ended			9 Months Ended
STOCK OPTIONS (Details Textual) - $ / shares	Aug. 29, 2016	Jun. 30, 2016	Nov. 27, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance				2,200,000		400,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				1,800,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number				0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price				$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value				$ 0	$ 0
Non-Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		1,500,000
Share-based Compensation Award, Tranche One [Member] \| Non-Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Vesting Date		Jul. 01, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number		500,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date		Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price		$ 1.00
Share-based Compensation Award, Tranche Two [Member] \| Non-Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Vesting Date		Jul. 01, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number		500,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date		Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price		$ 2.00
Share-based Compensation Award, Tranche Three [Member] \| Non-Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Vesting Date		Jul. 01, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number		500,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date		Jun. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price		$ 3.00
Consultant One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			100,000
Consultant One [Member] \| Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Vesting Date			Jul. 01, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number			40,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date			Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price			$ 1.00
Consultant One [Member] \| Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Vesting Date			Jul. 01, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number			30,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date			Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price			$ 2.00
Consultant One [Member] \| Share-based Compensation Award, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Vesting Date			Jul. 01, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number			30,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date			Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price			$ 3.00
Consultant Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			300,000
Consultant Two [Member] \| Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Vesting Date			Jul. 01, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number			100,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date			Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price			$ 1.00
Consultant Two [Member] \| Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Vesting Date			Jul. 01, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number			100,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date			Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price			$ 2.00
Consultant Two [Member] \| Share-based Compensation Award, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Vesting Date			Jul. 01, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number			100,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date			Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price			$ 3.00
Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	300,000
Employee [Member] \| Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Vesting Date	Aug. 29, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	100,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date	Aug. 28, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	$ 2.00
Employee [Member] \| Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Vesting Date	Aug. 29, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	100,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date	Aug. 28, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	$ 3.00
Employee [Member] \| Share-based Compensation Award, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Vesting Date	Aug. 25, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	100,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date	Aug. 28, 2024
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	$ 4.00

XML 53 R42.htm IDEA: XBRL DOCUMENT

ISSUANCE OF COMMON STOCK (Details Textual) - Common Stock [Member]	9 Months Ended
	Sep. 30, 2016 $ / shares shares
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues \| shares	1,550,000
Shares Issued, Price Per Share \| $ / shares	$ 0.01
Consulting Services [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues \| shares	800,000
Shares Issued, Price Per Share \| $ / shares	$ 0.1

EXCEL 54 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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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 58 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 81 165 1 false 24 0 false 4 false false R1.htm 101 - Document - Document And Entity Information Sheet http://americaneducationcenter.org/role/DocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 102 - Statement - CONSOLIDATED BALANCE SHEETS Sheet http://americaneducationcenter.org/role/ConsolidatedBalanceSheets CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 103 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://americaneducationcenter.org/role/ConsolidatedBalanceSheetsParenthetical CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 104 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS Sheet http://americaneducationcenter.org/role/ConsolidatedStatementsOfOperations CONSOLIDATED STATEMENTS OF OPERATIONS Statements 4 false false R5.htm 105 - Statement - CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY Sheet http://americaneducationcenter.org/role/ConsolidatedStatementOfStockholdersEquity CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY Statements 5 false false R6.htm 106 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://americaneducationcenter.org/role/ConsolidatedStatementsOfCashFlows CONSOLIDATED STATEMENTS OF CASH FLOWS Statements 6 false false R7.htm 107 - Disclosure - ORGANIZATION AND BUSINESS Sheet http://americaneducationcenter.org/role/OrganizationAndBusiness ORGANIZATION AND BUSINESS Notes 7 false false R8.htm 108 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://americaneducationcenter.org/role/SummaryOfSignificantAccountingPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 8 false false R9.htm 109 - Disclosure - RECENTLY ISSUED ACCOUNTING STANDARDS Sheet http://americaneducationcenter.org/role/RecentlyIssuedAccountingStandards RECENTLY ISSUED ACCOUNTING STANDARDS Notes 9 false false R10.htm 110 - Disclosure - SECURITY DEPOSITS Sheet http://americaneducationcenter.org/role/SecurityDeposits SECURITY DEPOSITS Notes 10 false false R11.htm 111 - Disclosure - DEFERRED REVENUE Sheet http://americaneducationcenter.org/role/DeferredRevenue DEFERRED REVENUE Notes 11 false false R12.htm 112 - Disclosure - ADVANCES FROM CLIENTS Sheet http://americaneducationcenter.org/role/AdvancesFromClients ADVANCES FROM CLIENTS Notes 12 false false R13.htm 113 - Disclosure - RELATED-PARTY TRANSACTIONS Sheet http://americaneducationcenter.org/role/RelatedpartyTransactions RELATED-PARTY TRANSACTIONS Notes 13 false false R14.htm 114 - Disclosure - LONG-TERM LOAN Sheet http://americaneducationcenter.org/role/LongtermLoan LONG-TERM LOAN Notes 14 false false R15.htm 115 - Disclosure - LEASE COMMITMENTS Sheet http://americaneducationcenter.org/role/LeaseCommitments LEASE COMMITMENTS Notes 15 false false R16.htm 116 - Disclosure - INCOME TAXES Sheet http://americaneducationcenter.org/role/IncomeTaxes INCOME TAXES Notes 16 false false R17.htm 117 - Disclosure - STOCK OPTIONS Sheet http://americaneducationcenter.org/role/StockOptions STOCK OPTIONS Notes 17 false false R18.htm 118 - Disclosure - ISSUANCE OF COMMON STOCK Sheet http://americaneducationcenter.org/role/IssuanceOfCommonStock ISSUANCE OF COMMON STOCK Notes 18 false false R19.htm 119 - Disclosure - SUBSEQUENT EVENTS Sheet http://americaneducationcenter.org/role/SubsequentEvents SUBSEQUENT EVENTS Notes 19 false false R20.htm 120 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://americaneducationcenter.org/role/SummaryOfSignificantAccountingPoliciesPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 20 false false R21.htm 121 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Sheet http://americaneducationcenter.org/role/SummaryOfSignificantAccountingPoliciesTables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Tables http://americaneducationcenter.org/role/SummaryOfSignificantAccountingPolicies 21 false false R22.htm 122 - Disclosure - LEASE COMMITMENTS (Tables) Sheet http://americaneducationcenter.org/role/LeaseCommitmentsTables LEASE COMMITMENTS (Tables) Tables http://americaneducationcenter.org/role/LeaseCommitments 22 false false R23.htm 123 - Disclosure - INCOME TAXES (Tables) Sheet http://americaneducationcenter.org/role/IncomeTaxesTables INCOME TAXES (Tables) Tables http://americaneducationcenter.org/role/IncomeTaxes 23 false false R24.htm 124 - Disclosure - STOCK OPTIONS (Tables) Sheet http://americaneducationcenter.org/role/StockOptionsTables STOCK OPTIONS (Tables) Tables http://americaneducationcenter.org/role/StockOptions 24 false false R25.htm 125 - Disclosure - ORGANIZATION AND BUSINESS (Details Textual) Sheet http://americaneducationcenter.org/role/OrganizationAndBusinessDetailsTextual ORGANIZATION AND BUSINESS (Details Textual) Details http://americaneducationcenter.org/role/OrganizationAndBusiness 25 false false R26.htm 126 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Sheet http://americaneducationcenter.org/role/SummaryOfSignificantAccountingPoliciesDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Details http://americaneducationcenter.org/role/SummaryOfSignificantAccountingPoliciesTables 26 false false R27.htm 127 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) Sheet http://americaneducationcenter.org/role/SummaryOfSignificantAccountingPoliciesDetails1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) Details http://americaneducationcenter.org/role/SummaryOfSignificantAccountingPoliciesTables 27 false false R28.htm 128 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) Sheet http://americaneducationcenter.org/role/SummaryOfSignificantAccountingPoliciesDetailsTextual SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) Details http://americaneducationcenter.org/role/SummaryOfSignificantAccountingPoliciesTables 28 false false R29.htm 129 - Disclosure - SECURITY DEPOSITS (Details Textual) Sheet http://americaneducationcenter.org/role/SecurityDepositsDetailsTextual SECURITY DEPOSITS (Details Textual) Details http://americaneducationcenter.org/role/SecurityDeposits 29 false false R30.htm 130 - Disclosure - DEFERRED REVENUE (Details Textual) Sheet http://americaneducationcenter.org/role/DeferredRevenueDetailsTextual DEFERRED REVENUE (Details Textual) Details http://americaneducationcenter.org/role/DeferredRevenue 30 false false R31.htm 131 - Disclosure - ADVANCES FROM CLIENTS (Details Textual) Sheet http://americaneducationcenter.org/role/AdvancesFromClientsDetailsTextual ADVANCES FROM CLIENTS (Details Textual) Details http://americaneducationcenter.org/role/AdvancesFromClients 31 false false R32.htm 132 - Disclosure - RELATED-PARTY TRANSACTIONS (Details Textual) Sheet http://americaneducationcenter.org/role/RelatedpartyTransactionsDetailsTextual RELATED-PARTY TRANSACTIONS (Details Textual) Details http://americaneducationcenter.org/role/RelatedpartyTransactions 32 false false R33.htm 133 - Disclosure - LONG-TERM LOAN (Details Textual) Sheet http://americaneducationcenter.org/role/LongtermLoanDetailsTextual LONG-TERM LOAN (Details Textual) Details http://americaneducationcenter.org/role/LongtermLoan 33 false false R34.htm 134 - Disclosure - LEASE COMMITMENTS (Details) Sheet http://americaneducationcenter.org/role/LeaseCommitmentsDetails LEASE COMMITMENTS (Details) Details http://americaneducationcenter.org/role/LeaseCommitmentsTables 34 false false R35.htm 135 - Disclosure - LEASE COMMITMENTS (Details Textual) Sheet http://americaneducationcenter.org/role/LeaseCommitmentsDetailsTextual LEASE COMMITMENTS (Details Textual) Details http://americaneducationcenter.org/role/LeaseCommitmentsTables 35 false false R36.htm 136 - Disclosure - INCOME TAXES (Details) Sheet http://americaneducationcenter.org/role/IncomeTaxesDetails INCOME TAXES (Details) Details http://americaneducationcenter.org/role/IncomeTaxesTables 36 false false R37.htm 137 - Disclosure - INCOME TAXES (Details 1) Sheet http://americaneducationcenter.org/role/IncomeTaxesDetails1 INCOME TAXES (Details 1) Details http://americaneducationcenter.org/role/IncomeTaxesTables 37 false false R38.htm 138 - Disclosure - INCOME TAXES (Details 2) Sheet http://americaneducationcenter.org/role/IncomeTaxesDetails2 INCOME TAXES (Details 2) Details http://americaneducationcenter.org/role/IncomeTaxesTables 38 false false R39.htm 139 - Disclosure - STOCK OPTIONS (Details) Sheet http://americaneducationcenter.org/role/StockOptionsDetails STOCK OPTIONS (Details) Details http://americaneducationcenter.org/role/StockOptionsTables 39 false false R40.htm 140 - Disclosure - STOCK OPTIONS (Details 1) Sheet http://americaneducationcenter.org/role/StockOptionsDetails1 STOCK OPTIONS (Details 1) Details http://americaneducationcenter.org/role/StockOptionsTables 40 false false R41.htm 141 - Disclosure - STOCK OPTIONS (Details Textual) Sheet http://americaneducationcenter.org/role/StockOptionsDetailsTextual STOCK OPTIONS (Details Textual) Details http://americaneducationcenter.org/role/StockOptionsTables 41 false false R42.htm 142 - Disclosure - ISSUANCE OF COMMON STOCK (Details Textual) Sheet http://americaneducationcenter.org/role/IssuanceOfCommonStockDetailsTextual ISSUANCE OF COMMON STOCK (Details Textual) Details http://americaneducationcenter.org/role/IssuanceOfCommonStock 42 false false All Reports Book All Reports cik0001626556-20160930.xml cik0001626556-20160930.xsd cik0001626556-20160930_cal.xml cik0001626556-20160930_def.xml cik0001626556-20160930_lab.xml cik0001626556-20160930_pre.xml true true ZIP 60 0001144204-16-134078-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001144204-16-134078-xbrl.zip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�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�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end