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
Mar. 31, 2016
Mar. 31, 2015
NET LOSS $ (1,983,586) $ (1,165,910)
OTHER COMPREHENSIVE LOSS, NET OF TAX    
Foreign currency translation adjustment [1] 19,546 (40,789)
COMPREHENSIVE LOSS $ (1,964,040) [1] $ (1,206,699)
[1] No tax effect has been recorded as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustment.