MERGENT OTC INDUSTRIAL

Transcription

1 MERGENT OTC INDUSTRIAL NEWS REPORTS Tuesday, May 16, 2017 Volume 48 No 5 NEW COMPANY DESCRIPTIONS (For details on individual listings, see the News Section of this issue) WhereverTV Broadcasting Corp NAME CHANGES (For details on individual listings, see the News Section of this issue) PharmAthene Inc (to Altimmune Inc) 2U INC Acquisition Development On May 2, 2017, Co announced that it has entered into an agreement to acquire GetSmarter (incorporated as Get Educated International Proprietary Limited), a leader in collaborating with universities to offer premium online short courses to working professionals Co will acquire GetSmarter in all-cash transaction for approximately $103,000,000, subject to certain purchase price adjustments, and an earn-out payment of up to $20,000,000 in cash, subject to achievement of certain financial milestones in calendar years 2017 and 2018 Subject to various closing conditions, the acquisition is expected to close during the third quarter of D SYSTEMS CORP (DE) Total Revenues 156,431, ,555,000 Cost & expenses 165,502, ,314,000 Operating income (9,071,000)(16,759,000) Interest income 167, ,000 Other income (expense), net (65,000) (1,188,000) Foreign currency 329,000 1,518,000 Net before taxes (8,870,000)(16,633,000) Income taxes 1,041,000 1,179,000 Net income (9,911,000)(17,812,000) Primary $(009) $(016) Fully Diluted $(009) $(016) Full Diluted 111,289, ,197,000 Year-end 113,788, ,981,000 Cash & equivalents 161,662,000 Inventories 105,105,000 Current assets 409,257,000 Net property & equip 84,803,000 Total assets 865,630,000 Current liabilities 141,700,000 Long-term debt 7,454,000 Stockholders equity 637,504,000 Net current assets 267,557,000 3DICON CORP Annual Report Consolidated Income Statement, Years Ended Dec 31 ($): (revised) Sales 15,000 Grant income 5,122 70,748 Total income 5,122 85,748 Research & development expenses 300,985 47, ,550 General & administrative expenses 383, ,012 1,065,167 Interest expenses 60,082 57,787 75,735 NOTICE Items in this issue will be listed online weekly and printed monthly Total expenses 744, ,537 1,339,452 (744,851) (900,415) (1,253,704) - basic 372,462, ,586, ,420,243 - diluted 372,462, ,586, ,420,243 Year end shares outstanding 1,481,754, ,370,953, ,674,567 Net earnings (loss) per share - basic $(000) $(000) $(000) Net earnings (loss) per share - diluted $(000) $(000) $(000) Total number of employees Number of common stockholders and prior periods for Coretec Industries, LLC prior to reverse merger with 3DIcon Corp; 2 Reclassified to conform with 2015 presentation; 3 Shares increased due to the effect of warrant and options exercised, debentures converted, stock issued for service and liabilities and preferred stock converted to common shares; 4 Shares increased due to the effects of warrants and options exercised, conversion of debenture and preferrred stock, stock issued for services, liabilities, shares subject to expired put call restored; 5 As of April 7, 2017; 6 As of March 30, 2016; 7 As of March 27, 2015; 8 Approximately Consolidated Balance Sheet, Years Ended Dec 31 ($): Cash ,121 Prepaid expenses 44,854 21,321 Other intangible assets 12,778 Total current assets 58,226 32,442 Furniture & fixtures 7,805 Less: Accumulated depreciation 1,674 Net property & equipment 6,131 Patents, net 1,379,943 Goodwill 166,000 Deposits - other 2,315 2,315 Total other assets 1,548,258 Total assets 1,612,615 34,757 Current maturities of convertible notes & debentures payable 183,402 Notes & debentures payable 114,259 Warrant exercise advances 55 Accounts payable 823,695 Accounts payable & accrued expenses 351,143 Accrued interest payable - related party 71,309 Accrued interest payable 17,615 Accrued salaries 317,134 Accrued interest on debentures 49,262 Total current liabilities 554,326 1,373,548 Term loan 1,054,325 Notes payable - related party 1,054,325 Total liabilities 1,608,651 1,373,548 Preferred stock 69 Preferred stock - Series A 69 Preferred stock - Series B 1,312 Common stock 296, ,191 Additional paid-in capital 586,336 20,545,939 Retained earnings (accumulated deficit) (880,104) (22,158,990) Total stockholders equity (deficiency) 3,964 (1,338,791) and prior periods for Coretec Industries, LLC prior to reverse merger with 3DIcon Corp 3DICON CORP Auditor s Report Auditor s Report The following is an excerpt from the Report of the Independent Auditors, HOGANTAYLOR LLP, as it appeared in Co s K: "In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of 3DIcon Corporation and its Subsidiary as of December 31, 2016, and the results of their operations and their cash flows for the year then ended in conformity with US generally accepted accounting principles The accompanying financial statements have been prepared assuming that the Company will continue as a going concern As discussed in Note 1 to the financial statements, the Company has insufficient revenue and capital commitments to fund the development of its planned products and to pay operating expenses This raises substantial doubt about the Company s ability to continue as a going concern Management s plans in regard to these matters also are described in Note 1 The financial statements do not include any adjustments that might result from the outcome of this uncertainty As discussed in Note 1 to the financial statements, the Company entered into a share exchange agreement treated as a reverse acquisition under the purchase method of accounting The consolidated statements of operations reflect the historical results of Coretec Industries, LLC (the accounting acquirer) Other basis of presentation matters are also described in Note 1" AAON, INC Net Sales 86,078 85,422 Cost & expenses 71,621 68,596 Operating income 14,457 16,826 Other income (expense), net Net before taxes 14,528 17,017 Income taxes 4,311 5,466 Net income 10,217 11,551 Primary $019 $022 Fully Diluted $019 $022 Full Diluted 53,190 53,593 Year-end 52,623 Cash & equivalents 34,743 Inventories 55,988 Current assets 146,210 Net property & equip 118,417 Total assets 265,283 Current liabilities 41,122 Stockholders equity 211,795 Net current assets 105,088 ACETO CORP Earnings, 9 mos to Mar 31(Consol $000):

2 782 MERGENT OTC INDUSTRIAL NEWS May 16, 2017 Net Sales 443, ,100 Cost & expenses 420, ,019 Operating income 23,351 46,081 Interest expense 10,223 4,766 Net before taxes 14,358 43,620 Income taxes 4,949 15,628 Net income 9,409 27,992 Primary $030 $096 Fully Diluted $030 $095 Full Diluted 31,792 29,536 Year-end 30,105 29,585 ACI WORLDWIDE INC Total Revenues 231, ,066 Cost & expenses 205,468 66,146 Operating income 3, ,712 Other income (expense), net 649 (334) Net before taxes (5,782) 126,114 Income taxes (4,174) 36,970 Net income (1,608) 89,144 Primary $(001) $075 Fully Diluted $(001) $074 Full Diluted 116, ,938 Year-end 118,039 Cash & equivalents 99,744 Current assets 340,867 Net property & equip 77,979 Total assets 1,830,806 Current liabilities 264,569 Long-term debt 679,133 Stockholders equity 770,273 Net current assets 76,298 ACTIVISION BLIZZARD, INC Total Revenues 1,726,000 1,455,000 Cost & expenses 1,233, ,000 Operating income 493, ,000 Net before taxes 453, ,000 Income taxes 27,000 46,000 Net income 426, ,000 Balance for common 426, ,000 Primary $057 $049 Fully Diluted $056 $048 Full Diluted 761, ,000 Year-end 753, ,007 Cash & equivalents 3,248,000 Inventories 48,000 Current assets 4,356,000 Net property & equip 245,000 Total assets 16,921,000 Current liabilities 2,239,000 Long-term debt 4,393,000 Stockholders equity 9,436,000 Net current assets 2,117,000 ADDUS HOMECARE CORP Acquisition Development On May 4, 2017, Co announced that it has signed a definitive agreement to acquire Options Home Care, a wholly-owned subsidiary of HB Management Group and a provider of personal care services in more than 20 counties in New Mexico Terms of the transaction were not disclosed ADTRAN, INC Net Sales 170,279, ,204,000 Cost & expenses 163,247, ,683,000 Operating income 7,032,000 5,521,000 Interest expense 141, ,000 Other income (expense), net 51, ,000 Invest income 470,000 1,728,000 Net before taxes 8,345,000 8,078,000 Income taxes 1,694,000 3,064,000 Net income 6,651,000 5,014,000 Primary $014 $010 Fully Diluted $014 $010 Full Diluted 48,939,000 49,389,000 Year-end 48,321,000 48,993,000 Cash & equivalents 72,558,000 Inventories 112,774,000 Current assets 354,400,000 Net property & equip 83,514,000 Total assets 667,178,000 Current liabilities 121,629,000 Long-term debt 26,800,000 Stockholders equity 482,213,000 Net current assets 232,771,000 ADURO BIOTECH INC Total Revenues 3,772 4,030 Cost & expenses 28,850 29,926 Operating income (25,210) (26,033) Other income (expense), net (4) (22) Net before taxes (24,564) (25,601) Income taxes (2,752) 3,226 Net income (21,812) (28,827) Primary $(032) $(045) Fully Diluted $(032) $(045) Full Diluted 68,242 63,802 Year-end 69,753 64,560 Cash & equivalents 353,961 Current assets 360,920 Net property & equip 26,443 Total assets 435,494 Current liabilities 28,821 Stockholders equity 229,017 Net current assets 332,099 AEGION CORP Total Revenues 325, ,908 Cost & expenses 311, ,047 Operating income 14,133 (4,139) Interest income Interest expense 4,047 3,615 Other income (expense), net (387) (973) Net before taxes 9,748 (8,695) Income taxes 1,995 (4,746) Net income 7,753 (3,949) Primary $017 $(011) Fully Diluted $017 $(011) Full Diluted 34,505 35,489 Year-end 33,605 35,156 Cash & equivalents 87,602 Inventories 69,113 Current assets 511,906 Net property & equip 156,690 Total assets 1,175,402 Current liabilities 203,270 Long-term debt 354,427 Stockholders equity 571,320 Net current assets 308,636 AERIE PHARMACEUTICALS INC Cost & expenses 25,429 22,110 Operating income (25,429) (22,110) Other income (expense), net Net before taxes (25,741) (22,658) Income taxes Net income (25,787) (22,704) Balance for common (25,787) (22,704) Primary $(076) $(085) Fully Diluted $(076) $(085) Full Diluted 33,777 26,723 Year-end 33,635 26,518 Cash & equivalents 139,534 Current assets 210,215 Net property & equip 12,532 Total assets 225,408 Current liabilities 13,562 Long-term debt 123,615 Stockholders equity 84,116 Net current assets 196,653 AGIOS PHARMACEUTICALS INC New Accountant On May 5, 2017, Co dismissed Ernst & Young LLP and engaged PricewaterhouseCoopers LLP as its new independent public accounting firm AKAMAI TECHNOLOGIES INC Total Revenues 609, ,725 Cost & expenses 486, ,890 Operating income 115, ,119 Interest income 4,624 3,320 Interest expense 4,597 4,653 Other income (expense), net (684) (189) Net before taxes 114, ,597 Income taxes 33,641 37,739 Net income 80,930 74,858 Primary $047 $042 Fully Diluted $046 $042 Full Diluted 175, ,539 Year-end 174, ,050 Cash & equivalents 522,319 Current assets 1,398,461 Net property & equip 824,724 Total assets 4,449,995 Current liabilities 381,876 Long-term debt 645,719 Stockholders equity 3,258,546 Net current assets 1,016,585 AKORN INC Total Revenues 253, ,347 Cost & expenses 163, ,250 Operating income 74,833 87,579 Other income (expense), net 59 (9,489) Net before taxes 65,326 66,572 Income taxes 24,299 24,686 Net income 41,027 41,886 Primary $033 $035 Fully Diluted $033 $034 Full Diluted 124, ,621 Year-end 124, ,427 Cash & equivalents 307,425 Inventories 172,325 Current assets 735,950

3 May 16, 2017 MERGENT OTC INDUSTRIAL NEWS 783 Net property & equip 252,656 Total assets 2,025,737 Current liabilities 174,844 Long-term debt 811,283 Stockholders equity 870,412 Net current assets 561,106 ALIGN TECHNOLOGY INC Total Revenues 310, ,720 Cost & expenses 248, ,386 Operating income 61,673 53,334 Other income (expense), net 1,645 (427) Equity earnings 1,121 Net before taxes 63,318 52,907 Income taxes (7,223) 12,361 Net income 69,420 40,546 Primary $087 $051 Fully Diluted $085 $050 Full Diluted 81,534 81,320 Year-end 80,324 80,175 Cash & equivalents 261,027 Inventories 35,174 Current assets 918,167 Net property & equip 231,692 Total assets 1,459,293 Current liabilities 365,554 Stockholders equity 1,044,875 Net current assets 552,613 ALLEGIANT TRAVEL COMPANY Total Revenues 375, ,615 Cost & expenses 272, ,804 Deprec, depl & amort 30,549 24,685 Operating income 72, ,126 Other income (expense), net Net before taxes 66, ,862 Income taxes 24,479 42,882 Net income 41,632 71,980 Balance for common 40,950 71,610 Primary $250 $429 Fully Diluted $250 $429 Full Diluted 16,404 16,699 Year-end 16,637 16,528 Cash & equivalents 64,732 Inventories 16,345 Current assets 426,147 Net property & equip 1,121,230 Total assets 1,749,744 Current liabilities 444,340 Long-term debt 715,383 Stockholders equity 503,102 Net current assets (18,193) ALLIED MOTION TECHNOLOGIES INC Total Revenues 61,354 63,675 Cost & expenses 56,196 58,136 Operating income 4,365 4,760 Interest expense 523 1,532 Other income (expense), net 10 (15) Net before taxes 3,852 3,213 Income taxes 1, Net income 2,657 2,355 Primary $029 $025 Fully Diluted $029 $025 Full Diluted 9,229 9,273 Year-end 9,471 9,402 Cash & equivalents 14,048 Inventories 30,862 Current assets 78,989 Net property & equip 37,370 Total assets 182,426 Current liabilities 26,068 Long-term debt 67,592 Stockholders equity 76,417 Net current assets 52,921 ALLSCRIPTS HEALTHCARE SOLUTIONS, INC Total Revenues 413,475, ,558,000 Cost & expenses 394,900, ,500,000 Operating income 11,263,000 11,896,000 Interest expense 20,180,000 6,969,000 Other income (expense), net 239, ,000 Gains or losses 285,000 (2,603,000) Net before taxes (8,393,000) 2,690,000 Income taxes 172, ,000 Net income (8,565,000) 2,127,000 Balance for common (19,980,000) 2,049,000 Primary $(011) $001 Fully Diluted $(011) $001 Full Diluted 180,767, ,741,000 Year-end 181,464, ,974,000 Cash & equivalents 104,391,000 Current assets 627,161,000 Net property & equip 153,197,000 Total assets 3,799,018,000 Current liabilities 698,388,000 Long-term debt 1,298,045,000 Stockholders equity 1,147,788,000 Net current assets (71,227,000) ALTIMMUNE INC Merger Completed On May 4, 2017, Co s wholly-owned subsidiary, Mustang Merger Sub Corp I Inc ("Merger Sub Corp"), merged with and into Altimmune, Inc ("Altimmune"), with Altimmune continuing as the surviving corporation in such merger ("Merger 1"), and immediately thereafter, Altimmune merged with and into Co s wholly-owned subsidiary, Mustang Merger Sub II LLC ("Merger Sub LLC"), with Merger Sub LLC continuing as the surviving entity in such merger ("Merger 2" and together with Merger 1, each a "Merger" and collectively the "Mergers") As the result of the mergers, Co issued shares of its common stock to Altimmune s stockholders, at an exchange ratio of of a share of common stock (post the Reverse Stock Split), in exchange for each share of Altimmune common stock outstanding as of the Effective Time Co also assumed all of the Altimmune stock options and warrants, with such stock options and warrants henceforth representing the right to purchase a number of shares of Co s common stock equal to multiplied by the number of shares of Altimmune s common stock previously represented by such stock options and warrants, as applicable Immediately following the Effective Time, the former Altimmune stockholders, warrantholders and optionholders owned 582% of Co, with Co s stockholders, warrantholders and optionholders immediately prior to the Mergers, whose warrants, options and shares of Co s common stock remain outstanding after the Mergers, owning 418% of Co As the result Co changed its name to Altimmune, Inc ALTIMMUNE INC New Name On May 5, 2017, Co changed its name from PharmAthene Inc to Altimmune Inc ALTIMMUNE INC Stock Trading Status Co s Class A common stock is trading on NASDAQ National Market System (NMS), Symbol ALT ALTRA INDUSTRIAL MOTION CORP Net Sales 215, ,453 Cost & expenses 197, ,476 Operating income 17,662 14,977 Interest expense 1,705 2,896 Other income (expense), net (1,267) 278 Net before taxes 14,690 12,359 Income taxes 4,364 3,549 Net income 10,326 8,810 Primary $036 $034 Fully Diluted $036 $034 Full Diluted 28,897 25,759 Year-end 28,985 25,694 Cash & equivalents 52,937 Inventories 139,444 Current assets 349,068 Net property & equip 178,504 Total assets 877,528 Current liabilities 128,166 Long-term debt 317,649 Stockholders equity 347,447 Net current assets 220,902 AMAG PHARMACEUTICALS, INC Total Revenues 139,472, ,300,000 Cost & expenses 179,496, ,852,000 Operating income (40,024,000) 7,448,000 Interest expense 18,300,000 18,443,000 Other income (expense), net 220,000 Gains or losses 27,000 Net before taxes (57,266,000)(10,067,000) Income taxes (20,706,000) (2,540,000) Net income (36,560,000) (7,527,000) Primary $(106) $(022) Fully Diluted $(106) $(022) Full Diluted 34,378,000 34,739,000 Year-end 34,445,394 34,568,568 Cash & equivalents 252,854,000 Inventories 36,927,000 Current assets 688,871,000 Net property & equip 22,708,000 Total assets 2,421,910,000 Current liabilities 307,939,000 Long-term debt 964,899,000 Stockholders equity 924,088,000 Net current assets 380,932,000 AMC NETWORKS INC Total Revenues 720, ,579 Cost & expenses 465, ,140 Operating income 231, ,807 Interest income 3, Interest expense 30,500 31,751 Other income (expense), net 11,049 (49,171) Net before taxes 215, ,607 Income taxes 73,082 58,543 Net income 142, ,064 Primary $200 $156 Fully Diluted $198 $155 Full Diluted 68,764 73,274 Year-end 67,235 72,675 Cash & equivalents 403,648 Current assets 1,653,987 Net property & equip 169,223 Total assets 4,470,054 Current liabilities 965,611 Long-term debt 2,559,705 Stockholders equity 31,452 Net current assets 688,376

4 784 MERGENT OTC INDUSTRIAL NEWS May 16, 2017 AMEDISYS, INC Cost & expenses 340,876, ,281,000 Operating income 25,165,000 11,063,000 Interest income 19,000 22,000 Interest expense 1,068,000 1,112,000 Other income (expense), net 1,006, ,000 Net before taxes 25,122,000 10,703,000 Income taxes 9,923,000 4,388,000 Net income 15,199,000 6,315,000 Primary $045 $019 Fully Diluted $044 $019 Full Diluted 34,073,000 33,508,000 Year-end 33,693,027 33,340,512 Cash & equivalents 48,334,000 Current assets 243,102,000 Net property & equip 36,676,000 Total assets 756,628,000 Current liabilities 183,904,000 Long-term debt 85,500,000 Stockholders equity 481,980,000 Net current assets 59,198,000 AMERICAN RAILCAR INDUSTRIES INC Total Revenues 114, ,180 Cost & expenses 92, ,483 Operating income 21,915 40,697 Other income (expense), net 604 1,486 Net before taxes 17,361 36,755 Income taxes 6,793 13,963 Net income 10,568 22,792 Primary $055 $116 Fully Diluted $055 $116 Full Diluted 19,084 19,665 Year-end 19,084 19,561 Cash & equivalents 151,246 Inventories 78,811 Current assets 294,712 Net property & equip 173,069 Total assets 1,459,637 Current liabilities 88,647 Long-term debt 539,076 Stockholders equity 552,505 Net current assets 206,065 AMERISAFE INC Total Revenues 97, ,335 Cost & expenses 78,809 67,940 Operating income 18,733 34,395 Net before taxes 18,733 34,395 Income taxes 5,209 10,138 Net income 13,524 24,257 Balance for common 13,524 24,257 Primary $071 $127 Fully Diluted $070 $127 Full Diluted 19,230 19,164 Year-end 19,230 19,182 Cash & equivalents 39,353 Current assets 358,237 Net property & equip 6,441 Total assets 1,536,536 Current liabilities 122,824 Stockholders equity 467,101 Net current assets 235,413 ANDERSONS INC Cost & expenses 857, ,787 Operating income (5,570) (22,908) Net before taxes (5,570) (22,908) Income taxes (2,535) (7,286) Net income (3,035) (15,622) Balance for common (3,089) (14,699) Primary $(011) $(052) Fully Diluted $(011) $(052) Full Diluted 28,281 28,101 Year-end 28,356 28,245 Cash & equivalents 29,645 Inventories 641,294 Current assets 993,991 Net property & equip 440,395 Total assets 2,161,753 Current liabilities 765,472 Long-term debt 365,971 Stockholders equity 769,331 Net current assets 228,519 ANGIE S LIST INC Merger Development On May 1, 2017, IAC/InteractiveCorp ("IAC") and Co announced they have entered into a definitive agreement to combine IAC s HomeAdvisor and Co into a new publicly-traded company, to be called ANGI Homeservices Inc The combined business, which will maintain both Co and HomeAdvisor brands, will offer unparalleled scale and product breadth to match homeowners with service professionals in the $400,000,000,000 domestic home services market Under the terms of the merger agreement, Co will merge with a subsidiary of ANGI Homeservices Inc In the merger, Co stockholders may elect to receive, in exchange for each share of Co owned, either one share of ANGI Homeservices Inc Class A common stock, or $850 in cashelections by Co stockholders will be subject to proration to the extent the total number of stockholders electing to receive cash would result in payment of more than $130,000,000 The ANGI Homeservices Inc Class A common stock issued in the merger will possess one vote per share and is expected to be listed for trading on Nasdaq at closing of the transaction ANGI Homeservices Inc will also issue shares of Class B common stock, possessing 10 votes per share, to IAC in exchange for the contribution by IAC of HomeAdvisorUpon closing of the transaction, depending upon the number of Co stockholders electing to receive cash, IAC will hold between approximately 87% and approximately 90% of the combined company s equity value and approximately 98% of the total voting power, and former Co stockholders will hold equity in the combined company representing between approximately 13% and approximately 10% of the combined company s equity value IAC will designate a majority of the initial members of the Board of Directors of the combined company The transaction, which is subject to the satisfaction of customary closing conditions, including regulatory approvals and the approval by Co stockholders, is expected to close in the fourth quarter of 2017 ANIKA THERAPEUTICS INC Total Revenues 23,386,000 22,283,000 Cost & expenses 15,380,000 11,574,000 Operating income 8,006,000 10,709,000 Net before taxes 8,064,000 10,781,000 Net income 5,493,000 6,895,000 Primary $038 $046 Fully Diluted $037 $045 Full Diluted 15,043,000 15,307,000 Year-end 14,655,000 14,768,325 Cash & equivalents 119,368,000 Inventories 16,180,000 Current assets 177,050,000 Net property & equip 51,593,000 Total assets 247,367,000 Current liabilities 10,217,000 Stockholders equity 230,028,000 Net current assets 166,833,000 ANIKA THERAPEUTICS INC New Accountant On May 4, 2017, Co dismissed PricewaterhouseCoopers LLP and engaged Deloitte & Touche LLP as its new independent accounting firm ANSYS INC Total Revenues 253, ,906 Cost & expenses 164, ,726 Operating income 85,472 85,022 Interest income 1, Other income (expense), net (29) (87) Foreign currency (1,125) (107) Net before taxes 85,567 85,778 Income taxes 22,261 29,310 Net income 63,306 56,468 Primary $074 $064 Fully Diluted $073 $063 Full Diluted 87,224 90,084 Year-end 85,449 Cash & equivalents 866,188 Current assets 1,182,069 Net property & equip 54,513 Total assets 2,794,693 Current liabilities 528,726 Stockholders equity 2,211,445 Net current assets 653,343 APPLE INC Earnings, 6 mos to (Consol $000): 04/01/17 03/26/16 Net Sales 131,247, ,429,000 Cost & expenses 93,791,000 88,271,000 Operating income 37,456,000 38,158,000 Other income (expense), net (43,000) (773,000) Net before taxes 38,864,000 38,715,000 Income taxes 9,944,000 9,838,000 Net income 28,920,000 28,877,000 Primary $550 $522 Fully Diluted $546 $519 Full Diluted 5,294,841 5,567,506 Year-end 5,205,815 5,478,446 ARQULE INC Cost & expenses 7,268 6,242 Operating income (7,268) (5,015) Interest income Interest expense 330 Net income (7,576) (4,981) Primary $(011) $(008) Fully Diluted $(011) $(008) Full Diluted 71,138 65,489 Year-end 71,147 71,063 Cash & equivalents 28,237 Current assets 38,170 Net property & equip 156 Total assets 38,490 Current liabilities 7,164 Long-term debt 14,337 Stockholders equity 16,989 Net current assets 31,006 ARROWHEAD PHARMACEUTICALS INC Earnings, 6 mos to Mar 31(Consol $):

5 May 16, 2017 MERGENT OTC INDUSTRIAL NEWS 785 Total Revenues 13,351,426 87,500 Cost & expenses 32,009,702 39,095,364 Operating income (21,031,531)(40,606,125) Other income (expense), net 2,768, ,411 Net income (18,128,667)(40,080,274) Primary $(025) $(067) Fully Diluted $(025) $(067) Full Diluted 73,019,726 59,663,270 Year-end 74,772,103 59,960,711 ASPEN TECHNOLOGY INC Earnings, 9 mos to Mar 31(Consol $000): Total Revenues 359, ,664 Cost & expenses 196, ,255 Operating income 163, ,409 Interest income Other income (expense), net 1,287 (1,947) Net before taxes 162, ,361 Income taxes 54,455 53,736 Net income 107, ,625 Primary $140 $128 Fully Diluted $139 $127 Full Diluted 77,652 83,842 Year-end 74,662 82,031 ASTEC INDUSTRIES, INC Net Sales 318, ,721 Cost & expenses 295, ,571 Operating income 22,650 28,150 Interest income Interest expense Other income (expense), net Gains or losses 27 (36) Net before taxes 22,897 28,227 Income taxes 7,817 10,549 Net income 15,080 17,678 Primary $066 $077 Fully Diluted $065 $077 Full Diluted 23,176 23,135 Year-end 23,060 23,041 Cash & equivalents 55,401 Inventories 372,570 Current assets 606,332 Net property & equip 182,223 Total assets 874,488 Current liabilities 184,635 Long-term debt 3,599 Stockholders equity 663,025 Net current assets 421,697 ATLAS AIR WORLDWIDE HOLDINGS, INC Total Revenues 475, ,615 Cost & expenses 413, ,553 Operating income 24,036 20,057 Interest income 1,256 1,604 Other income (expense), net (4,960) 108 Net before taxes Income taxes Income contin oper 35 Net income (752) 471 Primary $(003) $002 Fully Diluted $(003) $002 Full Diluted 25,744 24,846 Year-end 25,258 24,812 Cash & equivalents 109,100 Current assets 336,211 Net property & equip 3,704,013 Total assets 4,409,856 Current liabilities 625,703 Long-term debt 1,804,175 Stockholders equity 1,511,624 Net current assets (289,492) AUTOMATIC DATA PROCESSING INC Earnings, 9 mos to Mar 31(Consol $000): Total Revenues 9,314,900 8,769,500 Cost & expenses 7,433,200 7,046,500 Operating income 1,937,300 1,778,600 Interest income 54,500 45,600 Other income (expense), net 13,900 Gains or losses 205,400 29,100 Invest income 1,100 (3,900) Net before taxes 2,142,700 1,807,700 Income taxes 675, ,300 Income contin oper 1,211,400 Net income 1,467,600 1,210,500 Primary $327 $264 Fully Diluted $325 $263 Full Diluted 451, ,600 Year-end 447, ,100 AV HOMES INC Cost & expenses 151, ,231 Operating income 4, Net before taxes 4, Income taxes 1, Net income 2, Primary $011 $004 Fully Diluted $011 $004 Full Diluted 22,718 22,626 Year-end 22,442 22,648 Cash & equivalents 58,595 Current assets 60,141 Net property & equip 33,655 Total assets 837,872 Current liabilities 39,034 Long-term debt 276,062 Stockholders equity 453,857 Net current assets 21,107 AVIS BUDGET GROUP INC Total Revenues 1,839,000 1,881,000 Cost & expenses 1,437,000 1,443,000 Operating income (165,000) (86,000) Net before taxes (165,000) (86,000) Income taxes (58,000) (35,000) Net income (107,000) (51,000) Primary $(125) $(053) Fully Diluted $(125) $(053) Full Diluted 85,700 96,300 Year-end 85,000 95,000 Cash & equivalents 923,000 Current assets 2,292,000 Net property & equip 684,000 Total assets 18,978,000 Current liabilities 2,063,000 Long-term debt 13,007,000 Stockholders equity 141,000 Net current assets 229,000 AWARE INC (MA) Total Revenues 4,347,000 4,834,000 Cost & expenses 3,961,000 3,954,000 Operating income 386, ,000 Interest income 83,000 67,000 Net before taxes 469, ,000 Income taxes 64, ,000 Net income 405, ,000 Primary $002 $003 Fully Diluted $002 $003 Full Diluted 22,321,000 23,005,000 Year-end 21,837,605 22,993,139 Cash & equivalents 48,993,000 Current assets 52,683,000 Net property & equip 4,532,000 Total assets 64,111,000 Current liabilities 3,761,000 Stockholders equity 60,169,000 Net current assets 48,922,000 BEL FUSE INC Net Sales 113,668, ,182,000 Cost & expenses 111,575, ,589,000 Operating income 2,093,000(103,407,000) Interest expense 1,424,000 2,201,000 Net before taxes 723,000(105,568,000) Income taxes (23,000) (4,872,000) Net income 746,000(100,696,000) Balance for common (83,000)(101,509,000) Primary $005 $(815) Fully Diluted $005 $(815) Full Diluted 2,175,000 2,175,000 Year-end 12,013,914 11,866,314 Cash & equivalents 72,281,000 Inventories 101,650,000 Current assets 257,199,000 Net property & equip 46,647,000 Total assets 426,489,000 Current liabilities 89,397,000 Long-term debt 129,473,000 Stockholders equity 160,828,000 Net current assets 167,802,000 BENEFITFOCUS INC Total Revenues 64,171 54,792 Cost & expenses 68,816 66,281 Operating income (4,645) (11,489) Interest income Other income (expense), net (148) Net before taxes (13,347) Income taxes 5 Net income (7,688) (13,352) Primary $(025) $(046) Fully Diluted $(025) $(046) Full Diluted 30,658 29,213 Year-end 30,786 29,226 Cash & equivalents 57,671 Current assets 90,800 Net property & equip 78,032 Total assets 172,036 Current liabilities 72,610 Long-term debt 91,383

6 786 MERGENT OTC INDUSTRIAL NEWS May 16, 2017 Stockholders equity (34,157) Net current assets 18,190 BIG 5 SPORTING GOODS CORP Earnings, 3 mos to (Consol $000): 04/02/17 04/03/16 Net Sales 252, ,528 Cost & expenses 243, ,782 Operating income 8,978 (254) Interest expense Net before taxes 8,710 (706) Income taxes 3, Net income 5,326 (1,119) Primary $025 $(005) Fully Diluted $024 $(005) Full Diluted 21,916 21,583 Year-end 22,154 22,023 Cash & equivalents 5,909 Inventories 296,529 Current assets 322,733 Net property & equip 77,013 Total assets 428,652 Current liabilities 169,923 Long-term debt 23,766 Stockholders equity 206,804 Net current assets 152,810 BIOTELEMETRY INC Total Revenues 55,881 48,640 Cost & expenses 53,553 44,106 Operating income 2,328 4,534 Other income (expense), net (2,998) (423) Net before taxes (670) 4,111 Income taxes (866) 14 Net income 196 4,097 Primary $001 $015 Fully Diluted $001 $014 Full Diluted 31,315 29,521 Year-end 28,630 27,635 Cash & equivalents 25,098 Inventories 4,323 Current assets 64,038 Net property & equip 26,443 Total assets 204,575 Current liabilities 33,850 Long-term debt 23,451 Stockholders equity 142,905 Net current assets 30,188 BLACKHAWK NETWORK HOLDINGS INC Earnings, 3 mos to (Consol $000): 03/25/17 03/26/16 Total Revenues 407, ,462 Cost & expenses 411, ,608 Operating income (17,031) (3,044) Interest expense 6,943 4,066 Net before taxes (23,138) (6,698) Income taxes (9,775) (3,237) Net income (13,363) (3,461) Primary $(024) $(006) Fully Diluted $(024) $(006) Full Diluted 55,904 55,752 Year-end 56,290 53,131 Cash & equivalents 214,536 Inventories 48,683 Current assets 1,027,526 Net property & equip 173,403 Total assets 2,559,139 Current liabilities 1,142,058 Long-term debt 562,501 Stockholders equity 784,356 Net current assets (114,532) BLOOMIN BRANDS INC Earnings, 3 mos to (Consol $000): 03/26/17 03/27/16 Total Revenues 1,143,823 1,164,188 Cost & expenses 1,028,103 1,029,853 Deprec, depl & amort 46,590 47,651 Operating income 69,130 86,684 Interest expense 9,141 12,875 Other income (expense), net (51) (26,599) Net before taxes 59,938 47,210 Income taxes 15,015 11,327 Net income 44,923 35,883 Primary $043 $029 Fully Diluted $041 $029 Full Diluted 106, ,776 Year-end 101, ,025 Cash & equivalents 98,383 Inventories 52,262 Current assets 241,300 Net property & equip 1,194,969 Total assets 2,510,976 Current liabilities 746,788 Long-term debt 953,620 Stockholders equity 207,134 Net current assets (505,488) BLUCORA, INC Total Revenues 182,375, ,765,000 Cost & expenses 129,258, ,028,000 Operating income 43,889,000 39,446,000 Interest income 20,000 25,000 Other income (expense), net (2,905,000) 2,262,000 Net before taxes 34,181,000 31,932,000 Income taxes 3,471,000 11,643,000 Income contin oper 20,289,000 Net income 30,710,000 22,811,000 Primary $073 $055 Fully Diluted $067 $054 Full Diluted 45,428,000 41,610,000 Year-end 42,635,000 Cash & equivalents 74,609,000 Current assets 112,671,000 Net property & equip 8,990,000 Total assets 1,027,183,000 Current liabilities 59,494,000 Long-term debt 377,614,000 Stockholders equity 505,460,000 Net current assets 53,177,000 BLUEBIRD BIO INC Total Revenues 6,832 1,499 Cost & expenses 76,745 58,879 Operating income (69,913) (57,380) Other income (expense), net 1, Net before taxes (56,419) Income taxes (145) Net income (68,712) (56,274) Primary $(168) $(152) Fully Diluted $(168) $(152) Full Diluted 40,836 36,920 Year-end 40,923 36,937 Cash & equivalents 216,001 Current assets 667,311 Net property & equip 181,720 Total assets 1,072,570 Current liabilities 72,636 Long-term debt 147,555 Stockholders equity 815,379 Net current assets 594,675 BLUEPRINT MEDICINES CORP Cost & expenses 34,170 22,281 Interest expense Other income (expense), net Net income (27,977) (15,504) Primary $(084) $(057) Fully Diluted $(084) $(057) Full Diluted 33,190 27,088 Year-end 33,249 27,142 Cash & equivalents 56,356 Current assets 213,958 Net property & equip 6,081 Total assets 252,648 Current liabilities 25,759 Long-term debt 1,106 Stockholders equity 188,222 Net current assets 188,199 BOJANGLES INC Earnings, 3 mos to (Consol $000): 03/26/17 03/27/16 Total Revenues 131, ,655 Cost & expenses 113, ,783 Operating income 13,570 14,072 Interest expense 1,667 2,024 Other income (expense), net (118) (146) Net before taxes 11,786 11,903 Income taxes 4,169 4,059 Net income 7,617 7,844 Primary $021 $022 Fully Diluted $020 $021 Full Diluted 38,637 37,435 Year-end 36,596 36,111 Cash & equivalents 21,413 Inventories 3,273 Current assets 32,338 Net property & equip 54,710 Total assets 567,675 Current liabilities 50,399 Long-term debt 174,109 Stockholders equity 219,026 Net current assets (18,061) BOTTOMLINE TECHNOLOGIES (DELAWARE) INC Earnings, 9 mos to Mar 31(Consol $000): Total Revenues 255, ,162 Cost & expenses 256, ,509 Operating income (18,911) (1,067) Interest income Interest expense 12,591 11,615 Other income (expense), net (395) (176) Net before taxes (31,507) (12,476) Income taxes (4,029) 1,246 Net income (27,478) (13,722) Primary $(073) $(036) Fully Diluted $(073) $(036) Full Diluted 37,891 37,959 Year-end 38,135 38,273

7 May 16, 2017 MERGENT OTC INDUSTRIAL NEWS 787 BRAVO BRIO RESTAURANT GROUP INC Earnings, 3 mos to (Consol $000): 03/26/17 03/27/16 Total Revenues 106, ,800 Cost & expenses 100, ,075 Operating income 1,090 3,192 Interest expense Net before taxes 579 2,844 Income taxes Net income 550 2,248 Primary $004 $015 Fully Diluted $004 $015 Full Diluted 15,138 15,416 Year-end 15,160 14,696 Cash & equivalents 377 Inventories 2,771 Current assets 12,287 Net property & equip 141,672 Total assets 158,265 Current liabilities 67,520 Long-term debt 36,700 Stockholders equity (20,727) Net current assets (55,233) BREITBURN ENERGY PARTNERS LP Bankruptcy Proceedings On May 2, 2017, Co filed with the US Bankruptcy Court a motion to approve a third amendment to Co s post-petition financing arrangements The motion explains, "Pursuant to this Motion, the Debtors seek authority to further amend their existing postpetition revolving loan facility that (a) extends the Existing DIP Facility s scheduled maturity date to Sept 30, 2017; and (b) provides for the payment of certain fees to the agent and lenders (in such capacities, the DIP Agent and DIP Lenders, respectively) in consideration for the extension" The Court scheduled a May 11, 2017 hearing on the motion BREITBURN ENERGY PARTNERS LP Bankruptcy Proceedings On May 1, 2017, Co filed with the US Bankruptcy Court a monthly operating report for Mar 2017 For the month, the Debtors reported a net loss of $44,400,000 on $50,900,000 in total revenue and paid $3,600,000 in net reorganization items; $5,600,000 in general and administrative expenses and $25,100,000 in depreciation, depletion and amortization Cash at the beginning of the month was $1,500,000 and $1,800,000 at month s end, with net cash flow of $281,000 BREITBURN ENERGY PARTNERS LP Bankruptcy Proceedings On May 8, 2017, Co filed with the US Bankruptcy a motion to extend the exclusive period during which Co can file a Chapter 11 plan and solicit acceptances thereof through and including July 11, 2017 and Sept 9, 2017, respectively The motion explains, "The Debtors have been administering these cases economically and efficiently and managing a coordinated plan negotiation process consistent with the priorities of their capital structure The Debtors believe that this process will result in a Proposed Plan premised on a substantial equity infusion and an approximate $1,900,000,000 deleveraging of the Debtors balance sheet The modest extensions of the Exclusive Periods requested herein will allow this process to be finalized in a rational manner, consistent with the intent and purpose of chapter 11, maximize value for the Debtors economic stakeholders, and assure the Debtors successful emergence from chapter 11 and, most importantly, their long-term viability" The Court scheduled a June 1, 2017 hearing to consider the motion BROADSOFT INC Total Revenues 79,669 73,136 Cost & expenses 87,268 73,555 Operating income (7,599) (419) Interest expense 4,073 3,852 Other income (expense), net Net before taxes (10,694) (3,158) Income taxes (158) (1,649) Net income (10,536) (1,509) Primary $(035) $(005) Fully Diluted $(035) $(005) Full Diluted 30,487 29,140 Year-end 30,636 29,268 Cash & equivalents 93,717 Current assets 419,479 Net property & equip 25,033 Total assets 668,433 Current liabilities 126,234 Long-term debt 204,326 Stockholders equity 321,160 Net current assets 293,245 BROOKS AUTOMATION INC Earnings, 6 mos to Mar 31(Consol $000): Total Revenues 329, ,236 Cost & expenses 301, ,895 Operating income 27,963 (14,659) Other income (expense), net 1,313 (183) Equity earnings (4,719) (869) Net before taxes 29,377 (14,606) Income taxes 6,220 74,850 Net income 27,876 (88,587) Primary $040 $(130) Fully Diluted $040 $(130) Full Diluted 70,073 68,342 Year-end 69,644 68,616 CAESARS ACQUISITION CO Cost & expenses 9,300 6,600 Operating income (9,300) (6,600) Other income (expense), net 13,800 24,400 Net before taxes 4,500 17,800 Income taxes 2,500 8,600 Net income 2,000 9,200 Primary $001 $007 Fully Diluted $001 $007 Full Diluted 139, ,500 Year-end 138, ,342 Cash & equivalents 32,300 Current assets 53,500 Total assets 1,803,100 Current liabilities 2,400 Stockholders equity 1,705,700 Net current assets 51,100 CAESARS ENTERTAINMENT CORP Bankruptcy Proceedings On May 1, 2017, Co and Caesars Acquisition Company announced that Caesars Growth Properties Holdings (CGPH) priced senior secured facilities in an aggregate principal amount of approximately $1,450,000,000, consisting of a term loan facility of approximately $1,300,000,000 ("Term Facility") and a revolving credit facility of $150,000,000 ("Revolver") The Term Facility consists of CGPH s existing approximately $1,140,000,000 term loan B due 2021 and the raise of an additional $175,000,000 add-on term loan to repay all of the outstanding amounts under The Cromwell s property-specific term loan The interest rate under the Term Facility and Revolver is the London Interbank Offered Rate (LIBOR) plus 300 basis points, with a reduction to LIBOR plus 275 basis points upon the achievement of certain leverage ratios Closing of the add-on and repricing transactions is anticipated to occur during the week of Apr 24, 2017, subject to the negotiation and execution of definitive documentation, receipt of all required regulatory approvals and satisfaction of other customary closing conditions CAESARS ENTERTAINMENT CORP Total Revenues 963, ,000 Cost & expenses 703, ,000 Operating income 158,000 88,000 Interest expense 147, ,000 Other income (expense), net (463,000) (237,000) Net before taxes (452,000) (300,000) Income taxes 72,000 7,000 Income contin oper (307,000) Income discont oper 33,000 Net income (524,000) (274,000) Primary $(371) $(212) Fully Diluted $(371) $(212) Full Diluted 147, ,000 Year-end 148,721 Cash & equivalents 1,454,000 Inventories 17,000 Current assets 4,842,000 Net property & equip 7,429,000 Total assets 14,812,000 Current liabilities 8,108,000 Long-term debt 6,743,000 Stockholders equity (3,722,000) Net current assets (3,266,000) CAFEPRESS INC Total Revenues 18,289 18,519 Cost & expenses 21,671 21,516 Operating income (3,382) (2,997) Interest income Interest expense 6 14 Other income (expense), net (26) (5) Net before taxes (3,372) (2,983) Income taxes 1 (2) Net income (3,373) (2,981) Primary $(020) $(018) Fully Diluted $(020) $(018) Full Diluted 16,639 16,761 Year-end 16,672 Cash & equivalents 11,852 Inventories 2,662 Current assets 39,722 Net property & equip 11,159 Total assets 51,546 Current liabilities 9,889 Stockholders equity 41,456 Net current assets 29,833 CAR CHARGING GROUP INC Annual Report Consolidated Income Statement, Years Ended Dec 31 ($): (revised) (revised) Charging service revenue 1,144,016 1,074,163 1,247,778 Product sales 1,126, ,143 Grant & rebate revenue 332,672 1,169, ,358 Warranty revenue 136,375 82,508 Network fees 244, ,254 Equipment sales 0 565,057 Other revenues, net 341, ,578 28,451 Total revenues 3,326,021 3,957,795 2,791,644 Cost of revenues - cost of charging services 189, ,312 1,230,031 Cost of revenues - host provider fees 458, ,872 Cost of revenues - cost of equipment sales 501, , ,910 Cost of revenues - network costs 511, ,770 Cost of revenues - warranty & repairs & maintenance 346, ,474 Cost of revenues - depreciation & amortization 805, ,384 2,455,885

8 788 MERGENT OTC INDUSTRIAL NEWS May 16, 2017 Cost of revenues - inventory obsolescence charge 1,437,553 Total cost of revenues 2,813,680 2,861,738 5,634,379 Gross profit (loss) 512,341 1,096,057 (2,842,735) Compensation 4,879,612 8,200,246 8,246,442 Other operating expenses 1,451,683 1,662, ,259 General & administrative expenses 1,393,954 2,552,857 2,811,093 Impairment of goodwill 4,901,261 Impairment & loss of title of car charging stations 2,854,422 Impairment of intangible assets 536,161 Impairment of Ecotality investment 1,200,000 Gain (loss) on sale/replacement of EV charging stations (39,768) Inducement expense for exclusive EV installation rights provided to the Company 321,877 Total operating expenses 7,725,249 12,415,851 21,646,283 Income (loss) from operations (7,212,908) (11,319,794) (24,489,018) Interest expense 256,098 82, ,065 Amortization of discount on convertible debt 962,412 63,473 61,626 Gain (loss) on settlement or forgiveness of accounts payable & accrued expenses 840,625 60,597 Gain on settlement of accounts payable, net 0 36,789 Gain on settlement of other trade liabilities 209,086 Change in fair value of warrant liabilities 727,239 3,262,637 3,868,374 Gain (loss) on disposal of fixed assets (17,557) Gain on sale of fixed assets, net 81,567 Inducement expense for partial extinguishment of derivative liabilities 382,753 Inducement expense for standby financial support 858,118 Investor warrant expense 7, ,908 Preferred stock issuance costs 71,808 Non-compliance penalty for delinquent regular SEC filings 571,543 1,722, ,517 Non-compliance penalty for SEC registration requirement 239, , ,188 Release from obligation to US Department of Energy 1,833, ,611 Total other income (expense) (486,219) 3,074,870 1,259,699 (7,699,127) (8,244,924) (23,229,319) Less: net income (loss) attributable to noncontrolling interest (389,600) 531,302 attributable to Car Charging Group, Inc (7,699,127) (8,634,524) (22,698,017) Dividend attributable to Series C shareholders 1,468, ,100 20,800 attributable to common shareholders (9,167,627) (9,584,624) (22,718,817) - basic 80,156,946 79,029,180 77,675,650 - diluted 80,156,946 79,029,180 77,675,650 Year end shares outstanding 80,476,508 79,620,730 77,756,057 per share - basic $(011) $(012) $(029) per share - diluted $(011) $(012) $(029) Number of full time employees Number of part time employees Total number of employees 13 Number of common stockholders Reclassified to conform with 2016 presentation; 2 Reclassified to conform with 2015 presentation; 3 As of March 27, 2017; 4 As of July 27, 2016; 5 Approximately; 6 As of December 2, 2015 Consolidated Balance Sheet, Years Ended Dec 31 ($): (revised) Cash & cash equivalents 5, ,231 Accounts receivable & other receivables, net 128, ,214 Inventory, gross 548,825 1,034,150 Less: obsolescence inventory 154, ,000 Inventory, net 394, ,150 Prepaid expenses & other current assets 84, ,798 Total current assets 613,669 1,914,393 EV charging stations 4,687,294 4,805,340 Software 464, ,997 Automobiles 132, ,751 Office & computer equipment 125, ,459 Machinery & equipment 71,509 71,509 Fixed assets, gross 5,482,543 5,601,056 Less: accumulated depreciation 4,726,861 4,100,163 Fixed assets, net 755,682 1,500,893 Intangibles assets, net 116, ,797 Deferred public offering costs 335,475 Deposits 34,057 73,513 Inventory conversion costs 51,730 51,716 Other assets 3,786 6,814 Total assets 1,910,881 3,674,126 Accounts payable 3,500,267 2,160,433 Accounts payable (1) 1 3,728, ,908,009 Accrued registration rights penalty 967, ,750 Accrued consulting fees 184, ,925 Accrued host fees 1,308, ,544 Accrued professional, board & other fees 1,381,399 1,069,341 Accrued wages 241, ,779 Accrued commissions 445,000 Accrued warranty payable 338, ,988 Accrued taxes payable 511, ,949 Accrued payroll taxes payable 122,069 Accrued warrants payable 155,412 77,761 Accrued issuable equity 862, ,894 Accrued interest expenses 273,838 83,843 Accured dividend payable 1,150, ,200 Other accrued expenses 12,788 10,750 Accrued expenses (1) 1 5, ,969 Accrued public information fee 3,005,277 2,433,734 Derivative liabilities 1,583,103 1,350,881 Convertible notes payable, net 2 581,274 50,000 Convertible notes payable - related party 495,000 Notes payable - related party 20,000 Current portion of notes payable 342, ,954 Current portion of deferred revenue 600, ,123 Total current liabilities 21,798,540 16,351,827 Deferred revenue, net of current portion 99, ,180 Notes payable, net of current portion 4,815 Total liabilities 21,898,035 16,465,822 Series B convertible preferred stock 825, ,000 Series A convertible preferred stock 11,000 10,500 Series C convertible preferred stock Common stock 80,477 79,621 Additional paid-in-capital 63,999,315 63,676,848 Retained earnings (accumulated deficit) (81,071,782) (73,372,655) Total Car Charging Group Inc - stockholders equity (deficiency) (16,980,840) (9,605,566) Non-controlling interests (3,831,314) (4,011,130) Total stockholders equity (deficiency) (20,812,154) (13,616,696) 1 Related to 350 Green, which became a variable interest entity of the Company on April 17, 2014; 2 Net of discount - convertible notes payable: $501,981 CAR CHARGING GROUP INC Auditor s Report Auditor s Report The following is an excerpt from the Report of the Independent Auditors, Marcum LLP, as it appeared in Co s K: "In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Car Charging Group, Inc and Subsidiaries as of December 31, 2016 and 2015, and the consolidated results of their operations and their cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America The accompanying financial statements have been prepared assuming that the Company will continue as a going concern As more fully discussed in Note 2, the Company has incurred net losses since inception and needs to raise additional funds to meet its obligations and sustain its operations These conditions raise substantial doubt about the Company s ability to continue as a going concern Management s plans in regard to these matters are described in Note 2 The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern" CARE CAPITAL PROPERTIES INC Acquisition Completed On Apr 28, 2017, Co, through its wholly owned subsidiaries, acquired six behavioral health hospitals from affiliates of Signature Healthcare Services, LLC ("Signature") for a total of $379,000,000 in cash at closing and has an option, exercisable beginning in Oct 2018, to purchase one additional building for an amount that is expected to be approximately $20,000,000 Concurrent with the closing of the transaction, Co entered into a long-term triple-net lease with affiliates of Signature to operate the acquired properties at an initial annual base rent of approximately $30,000,000 In addition, as part of the transaction, Co agreed to fund up to $50,000,000 in capital expenditures to