Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
NET LOSS $ (1,233,327) $ (2,840,754) $ (3,886,613) $ (3,513,827)
OTHER COMPREHENSIVE LOSS, NET OF TAX        
Foreign currency translation adjustment [1] (384,911) (206,241) (155,395) (89,212)
COMPREHENSIVE LOSS $ (1,618,238) $ (3,046,995) $ (4,042,008) $ (3,603,039)
[1] Net of taxes of $81,657 and $141,945 for the three and nine months ended September 30, 2014, respectively. No tax effect has been recorded in 2015 as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustment.