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Orlando ) Tj ET Q q 0 0 0 rg BT 167.54 374.08 Td (A) Tj ET Q q 0 0 0 rg BT 174.02 374.08 Td (venue, Suite 200) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.95 364.08 Td (W) Tj ET Q q 0 0 0 rg BT 145.77 364.08 Td (inter) Tj ET Q q 0 0 0 rg BT 166.14 364.08 Td ( Park, FL) Tj ET Q q 0 0 0 rg BT 206.97 364.08 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 364.08 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.00 364.08 Td (32789) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.10 350.66 Td (\(Address of principal executive of) Tj ET Q q 0 0 0 rg BT 222.97 350.66 Td (fices\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 349.07 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.60 350.66 Td (\(Zip Code\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.30 320.90 Td (Registrant) Tj ET Q q 0 0 0 rg BT 211.18 320.90 Td (s telephone number) Tj ET Q q 0 0 0 rg BT 289.09 320.90 Td (, including area code: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.67 320.90 Td (\(407\) 674-691) Tj ET Q q 0 0 0 rg BT 439.60 320.90 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.90 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Indicate by check mark whether the registrant: \(1\) has filed all reports required to be filed by Section 13 or 15\(d\) of the Securities Exchange ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 287.30 Td (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 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 276.50 Td (subject to such filing requirements for the past 90 days.) Tj ET Q q 0 0 0 rg BT 255.87 276.50 Td (Y) Tj ET Q q 0 0 0 rg BT 261.47 276.50 Td (es ) Tj ET Q /GS0 gs q 9.54 0 0 9.18 275.72 274.56 cm /I3 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.26 276.50 Td ( No ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 307.51 274.56 cm /I4 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 265.70 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 254.90 Td (Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (Rule 405 of Regulation S-T) Tj ET Q q 0 0 0 rg BT 149.83 244.10 Td ( \( 232.405 of this chapter\) during the preceding 12 months \(or for such shorter period that the registrant was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 233.30 Td (required to submit such files\).) 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See the definitions of lar) Tj ET Q q 0 0 0 rg BT 298.77 200.90 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 366.85 200.90 Td (, accelerated filer) Tj ET Q q 0 0 0 rg BT 436.68 200.90 Td (, smaller reporting company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (and emer) Tj ET Q q 0 0 0 rg BT 87.06 190.10 Td (ging growth company in Rule 12b-2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 284.27 190.10 Td (Act.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 170.06 Td (Lar) Tj ET Q q 0 0 0 rg BT 65.33 170.06 Td (geacceleratedfiler ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 138.27 168.12 cm /I7 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.10 170.06 Td (Acceleratedfiler ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 333.81 168.12 cm /I8 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.00 170.06 Td (Smallerreportingcompany ) Tj ET Q /GS0 gs q 9.54 0 0 9.18 524.72 168.12 cm /I9 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 156.06 Td (Non-acceleratedfiler ) Tj ET Q /GS0 gs q 9.54 0 0 9.18 133.70 154.12 cm /I10 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.00 156.06 Td (Emer) Tj ET Q q 0 0 0 rg BT 443.33 156.06 Td (ging growth company ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 526.81 154.12 cm /I11 Do Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 141.30 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 130.50 Td (If an emer) Tj ET Q q 0 0 0 rg BT 86.81 130.50 Td (ging growth company) Tj ET Q q 0 0 0 rg BT 165.22 130.50 Td (, indicate by check mark if the registrant has elected not to use the extended transition period for complying ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 119.70 Td (with any new or revised financial accounting standards pursuant to Section 13\(a\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 403.64 119.70 Td (Act. ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 421.14 117.76 cm /I12 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (Indicate by check mark whether the registrant is a shell company \(as defined in Rule 12b-2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 440.12 98.10 Td (Act\). ) Tj ET Q q 0 0 0 rg BT 462.52 98.10 Td (Y) Tj ET Q q 0 0 0 rg BT 468.12 98.10 Td (es ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 484.62 96.16 cm /I13 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.64 98.10 Td ( No ) Tj ET Q /GS0 gs q 9.54 0 0 9.18 517.14 96.16 cm /I14 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.50 75.30 Td (APPLICABLE ONL) Tj ET Q q 0 0 0 rg BT 286.21 75.30 Td (Y) Tj ET Q q 0 0 0 rg BT 293.06 75.30 Td ( ) Tj ET Q q 0 0 0 rg BT 295.38 75.30 Td (T) Tj ET Q q 0 0 0 rg BT 301.86 75.30 Td (O CORPORA) Tj ET Q q 0 0 0 rg BT 361.95 75.30 Td (TE REGISTRANTS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 64.50 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 53.70 Td () Tj ET Q q 0 0 0 rg BT 51.75 53.70 Td (As ) Tj ET Q q 0 0 0 rg BT 64.01 53.70 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 73.75 53.70 Td (November12, ) Tj ET Q q 0 0 0 rg BT 127.49 53.70 Td (2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 145.49 53.70 Td (, ) Tj ET Q q 0 0 0 rg BT 149.99 53.70 Td (there ) Tj ET Q q 0 0 0 rg BT 170.23 53.70 Td (were ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 189.96 53.70 Td (12,073,031) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.46 53.70 Td ( ) Tj ET Q q 0 0 0 rg BT 232.71 53.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 257.45 53.70 Td (of ) Tj ET Q q 0 0 0 rg BT 267.20 53.70 Td (our ) Tj ET Q q 0 0 0 rg BT 281.45 53.70 Td (common ) Tj ET Q q 0 0 0 rg BT 315.19 53.70 Td (stockoutstanding.) Tj ET Q endstream endobj 5 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 6 0 R>> endobj 6 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.60 31.60 Td (i) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.05 718.10 Td (Quarterly Report on Form 10-Q for the period ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.60 718.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.87 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.50 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 275.91 694.10 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 603.60 476.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 603.60 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 575.60 476.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 575.60 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 536.60 476.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 536.60 36.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 486.60 476.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 486.60 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 458.60 476.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 458.60 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.60 476.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 430.60 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 402.60 476.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 402.60 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 374.60 476.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 374.60 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 346.60 476.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 346.60 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 318.60 476.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 318.60 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 290.60 476.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 290.60 36.00 -14.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 608.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.55 608.27 Td (Page) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 592.8333984375 m 215.099609375 592.8333984375 l s q 0 0 1 rg BT 53.00 594.17 Td (P) Tj ET Q q 0 0 1 rg BT 57.64 594.17 Td (AR) Tj ET Q q 0 0 1 rg BT 70.93 594.17 Td (T) Tj ET Q q 0 0 1 rg BT 76.86 594.17 Td ( I. FINANCIAL) Tj ET Q q 0 0 1 rg BT 143.71 594.17 Td ( INFORMA) Tj ET Q q 0 0 1 rg BT 191.22 594.17 Td (TION) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 578.8333984375 m 195.4189453125 578.8333984375 l s q 0 0 1 rg BT 71.00 580.17 Td (Item 1. Financial Statements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 101 564.8333984375 m 463.685546875 564.8333984375 l s q 0 0 1 rg BT 101.00 566.17 Td (Unaudited Consolidated Balance Sheets as of September 30, 2018 and December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 101 549.9333984375 m 510.6240234375 549.9333984375 l s q 0 0 1 rg BT 101.00 551.27 Td (Unaudited Consolidated Statements of Operations for the three and nine months ended September 30, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 101 539.9333984375 m 160.4384765625 539.9333984375 l s q 0 0 1 rg BT 101.00 541.27 Td (2018 and 2017) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 101 524.9333984375 m 507.4013671875 524.9333984375 l s q 0 0 1 rg BT 101.00 526.27 Td (Unaudited Consolidated Statement of Stockholders) Tj ET Q q 0 0 1 rg BT 308.55 526.27 Td ( Equity for the nine months ended September 30, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 101 514.9333984375 m 121 514.9333984375 l s q 0 0 1 rg BT 101.00 516.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 101 499.93339843750005 m 513.7001953125 499.93339843750005 l s q 0 0 1 rg BT 101.00 501.27 Td (Unaudited Consolidated Statements of Cash Flows for the three and nine months ended September 30, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 101 489.93339843750005 m 160.4384765625 489.93339843750005 l s q 0 0 1 rg BT 101.00 491.27 Td (2018 and 2017) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 101 475.8333984375 m 334.84765625 475.8333984375 l s q 0 0 1 rg BT 101.00 477.17 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 461.8333984375 m 470.1162109375 461.8333984375 l s q 0 0 1 rg BT 71.00 463.17 Td (Item 2. Management) Tj ET Q q 0 0 1 rg BT 166.81 463.17 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 235.98 463.17 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 447.8333984375 m 353.4462890625 447.8333984375 l s q 0 0 1 rg BT 71.00 449.17 Td (Item 3. Quantitative and Qualitative Disclosures ) Tj ET Q q 0 0 1 rg BT 276.23 449.17 Td (About Market Risk) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 433.8333984375 m 210.140625 433.8333984375 l s q 0 0 1 rg BT 71.00 435.17 Td (Item 4. Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 405.8333984375 m 198.244140625 405.8333984375 l s q 0 0 1 rg BT 53.00 407.17 Td (P) Tj ET Q q 0 0 1 rg BT 57.64 407.17 Td (AR) Tj ET Q q 0 0 1 rg BT 70.93 407.17 Td (T) Tj ET Q q 0 0 1 rg BT 76.86 407.17 Td ( II. OTHER INFORMA) Tj ET Q q 0 0 1 rg BT 174.36 407.17 Td (TION) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 391.8333984375 m 185.9658203125 391.8333984375 l s q 0 0 1 rg BT 71.00 393.17 Td (Item 1. Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 377.8333984375 m 161.8251953125 377.8333984375 l s q 0 0 1 rg BT 71.00 379.17 Td (Item 1A. Risk Factors) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 363.8333984375 m 353.4267578125 363.8333984375 l s q 0 0 1 rg BT 71.00 365.17 Td (Item 2. Unregistered Sales of Equity Securities and Use of Proceeds) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 349.8333984375 m 240.9658203125 349.8333984375 l s q 0 0 1 rg BT 71.00 351.17 Td (Item 3. Defaults Upon Senior Securities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 335.8333984375 m 210.140625 335.8333984375 l s q 0 0 1 rg BT 71.00 337.17 Td (Item 4. Mine Safety Disclosures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 321.8333984375 m 184.857421875 321.8333984375 l s q 0 0 1 rg BT 71.00 323.17 Td (Item 5. Other Information) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 307.8333984375 m 145.16015625 307.8333984375 l s q 0 0 1 rg BT 71.00 309.17 Td (Item 6. Exhibits) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 279.8333984375 m 95.216796875 279.8333984375 l s q 0 0 1 rg BT 53.00 281.17 Td (Signatures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 554 564.8333984375 m 559 564.8333984375 l s q 0 0 1 rg BT 554.00 566.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 554 539.9333984375 m 559 539.9333984375 l s q 0 0 1 rg BT 554.00 541.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 554 514.9333984375 m 559 514.9333984375 l s q 0 0 1 rg BT 554.00 516.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 554 489.93339843750005 m 559 489.93339843750005 l s q 0 0 1 rg BT 554.00 491.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 554 475.8333984375 m 559 475.8333984375 l s q 0 0 1 rg BT 554.00 477.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 461.8333984375 m 559 461.8333984375 l s q 0 0 1 rg BT 549.00 463.17 Td (28) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 447.8333984375 m 559 447.8333984375 l s q 0 0 1 rg BT 549.00 449.17 Td (48) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 433.8333984375 m 559 433.8333984375 l s q 0 0 1 rg BT 549.00 435.17 Td (48) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 391.8333984375 m 559 391.8333984375 l s q 0 0 1 rg BT 549.00 393.17 Td (50) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 377.8333984375 m 559 377.8333984375 l s q 0 0 1 rg BT 549.00 379.17 Td (50) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 363.8333984375 m 559 363.8333984375 l s q 0 0 1 rg BT 549.00 365.17 Td (52) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 349.8333984375 m 559 349.8333984375 l s q 0 0 1 rg BT 549.00 351.17 Td (52) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 335.8333984375 m 559 335.8333984375 l s q 0 0 1 rg BT 549.00 337.17 Td (52) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 321.8333984375 m 559 321.8333984375 l s q 0 0 1 rg BT 549.00 323.17 Td (53) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 307.8333984375 m 559 307.8333984375 l s q 0 0 1 rg BT 549.00 309.17 Td (54) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 279.8333984375 m 559 279.8333984375 l s q 0 0 1 rg BT 549.00 281.17 Td (55) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 7 0 obj <>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.50 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 224.87 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 238.96 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 245.45 742.25 Td ( I - FINANCIAL) Tj ET Q q 0 0 0 rg BT 316.29 742.25 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 366.93 742.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (ITEM 1 -FINANCIAL) Tj ET Q q 0 0 0 rg BT 148.62 718.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 162.61 718.25 Td (A) Tj ET Q q 0 0 0 rg BT 169.09 718.25 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.50 694.25 Td (IZEA) Tj ET Q q 0 0 0 rg BT 283.72 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 286.04 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 294.67 694.25 Td (orldwide, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.85 682.25 Td (Unaudited Consolidated Balance Sheets) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 647.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 647.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 647.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 647.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 619.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 619.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 619.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 619.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 591.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 591.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 591.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 591.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 563.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 563.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 563.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 563.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 539.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 539.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 539.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 539.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 511.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 511.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 511.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 511.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 483.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 483.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 483.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 483.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 455.75 378.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 455.75 65.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 455.75 4.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 455.75 65.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 434.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 434.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 434.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 434.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 406.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 406.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 406.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 406.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 378.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 378.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 378.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 378.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 350.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 350.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 350.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 350.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 322.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 322.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 322.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 322.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 298.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 298.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 298.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 298.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 270.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 270.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 270.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 270.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 246.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 246.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 246.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 246.75 65.00 -14.00 re f /GS0 gs 0.8 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549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 563.75 m 562.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 549.75 m 562.5 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 469.75 m 428.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 469.75 m 493.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 469.75 m 497.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 469.75 m 562.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 456.75 m 428.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 454.75 m 428.5 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 456.75 m 493.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 454.75 m 493.5 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 456.75 m 497.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 454.75 m 497.5 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 456.75 m 562.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 454.75 m 562.5 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 322.75 m 428.5 322.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 322.75 m 493.5 322.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 322.75 m 497.5 322.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 322.75 m 562.5 322.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 308.75 m 428.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 308.75 m 493.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 308.75 m 497.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 308.75 m 562.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 270.75 m 428.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 270.75 m 493.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 270.75 m 497.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 270.75 m 562.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 256.75 m 428.5 256.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 256.75 m 493.5 256.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 256.75 m 497.5 256.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 256.75 m 562.5 256.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 130.75 m 428.5 130.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 130.75 m 493.5 130.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 130.75 m 497.5 130.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 130.75 m 562.5 130.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 116.75 m 428.5 116.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 116.75 m 493.5 116.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 116.75 m 497.5 116.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 116.75 m 562.5 116.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 89.75 m 428.5 89.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 87.75 m 428.5 87.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 89.75 m 493.5 89.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 87.75 m 493.5 87.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 89.75 m 497.5 89.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 87.75 m 497.5 87.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 89.75 m 562.5 89.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 87.75 m 562.5 87.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.60 662.32 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 652.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.45 662.32 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 652.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.90 638.32 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 624.32 Td (Current:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 624.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 624.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 610.32 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 610.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 610.32 Td (3,864,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 610.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 610.32 Td (3,906,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 596.32 Td (Accounts receivable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 596.32 Td (6,81) Tj ET Q q 0 0 0 rg BT 467.15 596.32 Td (1,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 596.32 Td (3,647,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 582.32 Td (Prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 582.32 Td (573,61) Tj ET Q q 0 0 0 rg BT 484.65 582.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 582.32 Td (389,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 568.32 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 568.32 Td (84,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 568.32 Td (9,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 554.32 Td (T) Tj ET Q q 0 0 0 rg BT 94.76 554.32 Td (otal current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 554.32 Td (1) Tj ET Q q 0 0 0 rg BT 449.60 554.32 Td (1,333,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 554.32 Td (7,952,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 530.32 Td (Property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 530.32 Td (309,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 530.32 Td (286,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 516.32 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 516.32 Td (8,316,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 516.32 Td (3,604,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 502.32 Td (Intangible assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 502.32 Td (3,472,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 502.32 Td (667,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 488.32 Td (Software development costs, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 488.32 Td (1,233,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 488.32 Td (967,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 474.32 Td (Security deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 474.32 Td (154,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 474.32 Td (148,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 460.32 Td (T) Tj ET Q q 0 0 0 rg BT 100.41 460.32 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 460.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 460.32 Td (24,820,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 460.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 460.32 Td (13,627,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.00 439.32 Td (Liabilities and Stockholders) Tj ET Q q 0 0 0 rg BT 281.79 439.32 Td ( Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 439.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 439.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 425.32 Td (Current liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 425.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 425.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 411.32 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 411.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 411.32 Td (2,831,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 411.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 411.32 Td (1,756,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 397.32 Td (Accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 397.32 Td (2,146,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 397.32 Td (1,592,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 383.32 Td (Contract liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 383.32 Td (5,631,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 383.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 369.32 Td (Unearned revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 369.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 369.32 Td (3,070,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 355.32 Td (Line of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 355.32 Td (1,733,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 355.32 Td (500,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 341.32 Td (Current portion of deferred rent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 341.32 Td (29,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 341.32 Td (45,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 327.32 Td (Current portion of acquisition costs payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 327.32 Td (4,535,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 327.32 Td (741,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 313.32 Td (T) Tj ET Q q 0 0 0 rg BT 94.76 313.32 Td (otal current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 313.32 Td (16,908,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 313.32 Td (7,706,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 289.32 Td (Deferred rent, less current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 289.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 289.32 Td (17,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 275.32 Td (Acquisition costs payable, less current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 275.32 Td (43,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 275.32 Td (609,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 261.32 Td (T) Tj ET Q q 0 0 0 rg BT 94.76 261.32 Td (otal liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 261.32 Td (16,951,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 261.32 Td (8,333,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 237.32 Td (Commitments and contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 237.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 237.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 213.32 Td (Stockholders) Tj ET Q q 0 0 0 rg BT 107.80 213.32 Td ( equity:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 213.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 213.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 198.42 Td (Preferred stock; $.0001 par value; 10,000,000 shares authorized; no shares issued and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 188.42 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 188.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 188.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 173.42 Td (Common stock, $.0001 par value; 200,000,000 shares authorized; 12,073,031 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 163.42 Td (5,733,981, respectively) Tj ET Q q 0 0 0 rg BT 151.99 163.42 Td (, issued and outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 163.42 Td (1,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 163.42 Td (573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 149.32 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 149.32 Td (60,270,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 149.32 Td (52,570,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 135.32 Td (Accumulated deficit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.30 135.37 Td (\(52,401,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 135.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.30 135.37 Td (\(47,277,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 135.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 121.32 Td (T) Tj ET Q q 0 0 0 rg BT 94.76 121.32 Td (otal stockholders) Tj ET Q q 0 0 0 rg BT 165.41 121.32 Td ( equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 121.32 Td (7,869,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 121.32 Td (5,293,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 93.32 Td (T) Tj ET Q q 0 0 0 rg BT 94.41 93.32 Td (otal liabilities and stockholders) Tj ET Q q 0 0 0 rg BT 221.70 93.32 Td ( equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 93.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 93.32 Td (24,820,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 93.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 93.32 Td (13,627,303) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 153.65 53.25 Td (See accompanying notes to the unaudited consolidated financial statements.) 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BT 519.50 672.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 647.27 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 647.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 647.27 Td (5,780,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 647.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 647.27 Td (7,089,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 647.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 647.27 Td (13,798,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 647.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 647.27 Td (17,637,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 622.27 Td (Costs and expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 622.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 622.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 607.27 Td (Cost of revenue \(exclusive of amortization\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 607.27 Td (2,397,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 607.27 Td (3,302,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 607.27 Td (6,490,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 607.27 Td (8,354,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 592.27 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 592.27 Td (1,574,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 592.27 Td (1,733,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 592.27 Td (5,065,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 592.27 Td (6,008,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 577.27 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 577.27 Td (2,699,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 577.27 Td (2,312,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 577.27 Td (6,285,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 577.27 Td (6,925,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 562.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 562.27 Td (370,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 562.27 Td (374,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 562.27 Td (846,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 562.27 Td (1,095,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 547.27 Td (T) Tj ET Q q 0 0 0 rg BT 94.76 547.27 Td (otal costs and expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 547.27 Td (7,042,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 547.27 Td (7,723,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 547.27 Td (18,688,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 547.27 Td (22,384,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 522.27 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.30 522.32 Td (\(1,261,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 522.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 522.32 Td (\(633,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 522.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.30 522.32 Td (\(4,890,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 522.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.30 522.32 Td (\(4,747,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 522.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 497.27 Td (Other income \(expense\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 497.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 497.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 482.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 482.32 Td (\(90,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 482.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 482.32 Td (\(15,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 482.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 482.32 Td (\(147,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 482.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 482.32 Td (\(45,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 482.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 467.27 Td (Change in fair value of derivatives, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 467.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 467.27 Td (45,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 467.32 Td (\(1) Tj ET Q q 0 0 0 rg BT 467.13 467.32 Td (1,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 467.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 467.27 Td (36,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 452.27 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 452.27 Td (19,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 452.27 Td (44,308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 452.27 Td (23,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 452.27 Td (31,728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 437.27 Td (T) Tj ET Q q 0 0 0 rg BT 94.41 437.27 Td (otal other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 437.32 Td (\(71,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 437.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 437.27 Td (74,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 437.32 Td (\(135,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 437.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 437.27 Td (22,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 412.27 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 412.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.30 412.32 Td (\(1,332,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 412.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 412.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 412.32 Td (\(558,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 412.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 412.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.30 412.32 Td (\(5,025,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 412.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 412.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.30 412.32 Td (\(4,724,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 412.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 377.27 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 377.27 Td (eighted average common shares outstanding basic and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 367.27 Td (diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.60 367.27 Td (10,365,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 367.27 Td (5,702,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 367.27 Td (7,351,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 367.27 Td (5,659,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 352.27 Td (Basic and diluted loss per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 352.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 352.32 Td (\(0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 352.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 352.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 352.32 Td (\(0.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 352.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 352.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 352.32 Td (\(0.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 352.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 352.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 352.32 Td (\(0.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 352.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 153.65 60.10 Td (See accompanying notes to the unaudited consolidated financial statements.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.60 730.10 Td (Unaudited Consolidated Statement of Stockholders) Tj ET Q q 0 0 0 rg BT 395.15 730.10 Td ( Equity) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 55.00 642.60 215.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.00 642.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.00 642.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 642.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 642.60 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 642.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 642.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 642.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 642.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 642.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 642.60 54.00 -14.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 49.50 270.60 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 270.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 270.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 270.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 242.60 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 242.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 242.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 242.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 214.60 388.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 214.60 60.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 214.60 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 214.60 60.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 193.60 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 193.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 193.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 193.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 172.60 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 172.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 172.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 172.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 151.60 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 151.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 151.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 151.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 125.60 388.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 125.60 60.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 125.60 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 125.60 60.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 104.60 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 104.60 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 104.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 104.60 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 696.6 m 497.5 696.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 696.6 m 501.5 696.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 696.6 m 561.5 696.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 684.6 m 437.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 684.6 m 497.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 684.6 m 501.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 684.6 m 561.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 424.6 m 437.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 409.6 m 437.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 424.6 m 497.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 409.6 m 497.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 424.6 m 501.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 409.6 m 501.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 424.6 m 561.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 409.6 m 561.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 336.6 m 437.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 321.6 m 437.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 336.6 m 497.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 321.6 m 497.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 336.6 m 501.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 321.6 m 501.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 336.6 m 561.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 321.6 m 561.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 229.60000000000002 m 437.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 214.60000000000002 m 437.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 229.60000000000002 m 497.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 214.60000000000002 m 497.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 229.60000000000002 m 501.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 214.60000000000002 m 501.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 229.60000000000002 m 561.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 214.60000000000002 m 561.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 180.60000000000002 m 437.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 180.60000000000002 m 497.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 180.60000000000002 m 501.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 180.60000000000002 m 561.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 160.60000000000002 m 437.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 158.60000000000002 m 437.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 160.60000000000002 m 497.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 158.60000000000002 m 497.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 160.60000000000002 m 501.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 158.60000000000002 m 501.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 160.60000000000002 m 561.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 158.60000000000002 m 561.5 158.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.70 710.17 Td (Nine Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.10 700.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 687.22 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 687.22 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 675.17 Td (Cash flows from operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 675.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 675.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 662.17 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 662.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.30 662.22 Td (\(5,025,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 662.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 662.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 662.22 Td (\(4,724,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 662.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 649.17 Td (Adjustments to reconcile net loss to net cash used for operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 649.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 649.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 636.17 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 636.17 Td (167,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 636.17 Td (163,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 623.17 Td (Amortization of software development costs and other intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 623.17 Td (678,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 623.17 Td (932,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 610.17 Td (\(Gain\) loss on disposal of equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 610.17 Td (5,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 610.22 Td (\(5,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 610.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 597.17 Td (Provision for losses on accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 597.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 597.17 Td (44,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 584.17 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 584.17 Td (468,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 584.17 Td (509,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 571.17 Td (Fair value of stock issued for payment of services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 571.17 Td (93,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 571.17 Td (143,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 558.17 Td (Increase \(decrease\) in fair value of contingent acquisition costs payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 558.22 Td (\(485,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 558.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 558.17 Td (62,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 545.17 Td (Gain on settlement of acquisition costs payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 545.22 Td (\(84,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 545.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 545.22 Td (\(10,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 545.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 532.17 Td (Change in fair value of derivatives, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 532.17 Td (1) Tj ET Q q 0 0 0 rg BT 471.15 532.17 Td (1,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 532.22 Td (\(36,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 532.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 519.17 Td (Changes in operating assets and liabilities, net of ef) Tj ET Q q 0 0 0 rg BT 257.69 519.17 Td (fects of business acquired:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 519.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 519.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 506.17 Td (Accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 506.17 Td (73,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 506.22 Td (\(1,552,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 506.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 493.17 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 493.17 Td (32,007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 493.22 Td (\(84,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 493.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 480.17 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 480.17 Td (924,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 480.17 Td (242,033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 467.17 Td (Accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.30 467.22 Td (\(1,638,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 467.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 467.17 Td (946,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 454.17 Td (Contract liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 454.17 Td (654,859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 454.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 441.17 Td (Unearned revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 441.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 441.17 Td (435,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 428.17 Td (Deferred rent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 428.22 Td (\(33,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 428.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 428.22 Td (\(25,764) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 428.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 414.27 Td (Net cash used for operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.30 414.32 Td (\(4,157,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 414.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 414.32 Td (\(2,960,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 414.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 392.17 Td (Cash flows from investing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 379.17 Td (Purchase of equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 379.22 Td (\(157,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 379.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 379.22 Td (\(7,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 379.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 366.17 Td (Mer) Tj ET Q q 0 0 0 rg BT 74.57 366.17 Td (ger with ) Tj ET Q q 0 0 0 rg BT 109.94 366.17 Td (T) Tj ET Q q 0 0 0 rg BT 115.60 366.17 Td (apInfluence, net of cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 366.17 Td (1) Tj ET Q q 0 0 0 rg BT 471.15 366.17 Td (1,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 366.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 353.17 Td (Increase in software development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 353.22 Td (\(486,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 353.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 353.22 Td (\(85,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 353.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 340.17 Td (Security deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 340.22 Td (\(5,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 340.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 340.17 Td (4,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 326.27 Td (Net cash used for investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 326.32 Td (\(638,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 326.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 326.32 Td (\(88,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 326.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 304.17 Td (Cash flows from financing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 304.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 304.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 290.27 Td (Payments on acquisition liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 290.32 Td (\(120,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 290.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 290.32 Td (\(266,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 290.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 275.27 Td (Proceeds from sale of securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.60 275.27 Td (5,667,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 275.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 260.27 Td (Proceeds from line of credit, net of repayments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 260.32 Td (\(91,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 260.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 260.27 Td (810,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 246.17 Td (Proceeds from stock purchase plan issuances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 246.17 Td (9,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 246.17 Td (16,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 233.17 Td (Stock issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 233.22 Td (\(709,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 233.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 233.22 Td (\(10,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 233.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 219.27 Td (Net cash provided by financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.60 219.27 Td (4,754,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 219.27 Td (548,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 197.17 Td (Net decrease in cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 197.22 Td (\(42,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 197.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 197.22 Td (\(2,501,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 197.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 184.17 Td (Cash and cash equivalents, beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.60 184.17 Td (3,906,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 184.17 Td (5,949,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 163.17 Td (Cash and cash equivalents, end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 163.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.60 163.17 Td (3,864,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 163.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 163.17 Td (3,447,998) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 140.83339843750002 m 200.5791015625 140.83339843750002 l s q 0 0 0 rg BT 52.00 142.17 Td (Supplemental cash flow information:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 142.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 142.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 129.17 Td (Cash paid during the period for interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 129.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 129.17 Td (104,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 129.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 129.17 Td (29,700) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 106.83339843750002 m 228.064453125 106.83339843750002 l s q 0 0 0 rg BT 52.00 108.17 Td (Non-cash financing and investing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 108.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 108.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 95.17 Td (Common stock issued for payment of acquisition liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 95.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.60 95.17 Td (1,896,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 95.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 95.17 Td (928,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 82.17 Td (Fair value of common stock issued for future services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 82.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 82.17 Td (317,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 82.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 82.17 Td (23,1) Tj ET Q q 0 0 0 rg BT 547.65 82.17 Td (10) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 153.65 55.10 Td (See accompanying notes to the unaudited consolidated financial statements.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (NOTE 1. ) Tj ET Q q 0 0 0 rg BT 122.00 719.10 Td (COMP) Tj ET Q q 0 0 0 rg BT 151.80 719.10 Td (ANY) Tj ET Q q 0 0 0 rg BT 173.10 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.05 719.10 Td (AND SUMMAR) Tj ET Q q 0 0 0 rg BT 244.96 719.10 Td (Y) Tj ET Q q 0 0 0 rg BT 251.81 719.10 Td ( OF) Tj ET Q q 0 0 0 rg BT 267.83 719.10 Td ( SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 336.83 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 338.78 719.10 Td (ACCOUNTING POLICIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td () Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 693.53505859375 m 227.509765625 693.53505859375 l s q 0 0 0 rg BT 50.00 695.10 Td (Unaudited ) Tj ET Q q 0 0 0 rg BT 97.51 695.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 132.78 695.10 Td 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542.02 683.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.68 671.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 88.13 671.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.58 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.82 671.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.93 671.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 208.93 671.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.93 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.17 671.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.84 671.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.84 671.10 Td (, ) Tj ET Q q 0 0 0 rg BT 275.58 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.04 671.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 344.81 671.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 386.37 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.94 671.10 Td (stockholders' ) Tj ET Q q 0 0 0 rg BT 453.53 671.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 481.76 671.10 Td (for ) Tj 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0 0 rg BT 415.92 659.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.93 659.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.80 659.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 503.57 659.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.57 659.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.57 659.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.01 659.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.59 647.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 106.41 647.10 Td (but ) Tj ET Q q 0 0 0 rg BT 121.58 647.10 Td (include ) Tj ET Q q 0 0 0 rg BT 153.40 647.10 Td (all ) Tj ET Q q 0 0 0 rg BT 165.78 647.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 215.94 647.10 Td (that ) Tj ET Q q 0 0 0 rg BT 233.32 647.10 Td (are, ) Tj ET Q q 0 0 0 rg BT 250.42 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.58 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.19 647.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 308.13 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.85 647.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 374.82 647.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 416.08 647.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.12 647.10 Td (a ) Tj ET Q q 0 0 0 rg BT 436.95 647.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 453.21 647.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 504.47 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.19 647.10 Td (its ) Tj ET Q q 0 0 0 rg BT 527.02 647.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.10 Td (position ) Tj ET Q q 0 0 0 rg BT 84.26 635.10 Td (at ) Tj ET Q q 0 0 0 rg BT 93.51 635.10 Td (such ) Tj ET Q q 0 0 0 rg BT 113.87 635.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 136.46 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.93 635.10 Td (its ) Tj ET Q q 0 0 0 rg BT 164.41 635.10 Td (results ) Tj ET Q q 0 0 0 rg BT 192.55 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.92 635.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 246.60 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.08 635.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 282.88 635.10 Td 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(balance ) Tj ET Q q 0 0 0 rg BT 369.60 623.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 392.56 623.10 Td (as ) Tj ET Q q 0 0 0 rg BT 403.31 623.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.06 623.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 472.56 623.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.56 623.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.98 623.10 Td (has ) Tj ET Q q 0 0 0 rg BT 510.73 623.10 Td (been ) Tj ET Q q 0 0 0 rg BT 532.03 623.10 Td (derived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.97 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.71 611.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 118.67 611.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 171.74 611.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 209.25 611.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 253.98 611.10 Td (at ) Tj ET Q q 0 0 0 rg BT 263.73 611.10 Td (that ) Tj ET Q q 0 0 0 rg BT 281.25 611.10 Td (date ) Tj ET Q q 0 0 0 rg BT 300.43 611.10 Td (but, ) Tj ET Q q 0 0 0 rg BT 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283.93 587.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.83 587.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 369.61 587.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.61 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.63 587.10 Td (are ) Tj ET Q q 0 0 0 rg BT 405.85 587.10 Td (not ) Tj ET Q q 0 0 0 rg BT 420.65 587.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 467.09 587.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 508.54 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.89 587.10 Td (results ) Tj ET Q q 0 0 0 rg BT 547.01 587.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.74 575.10 Td (be ) Tj ET Q q 0 0 0 rg BT 81.70 575.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 119.76 575.10 Td (for ) Tj ET Q q 0 0 0 rg BT 133.94 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.68 575.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 173.97 575.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 198.15 575.10 Td (year) Tj ET Q q 0 0 0 rg BT 214.80 575.10 Td (. ) Tj ET Q q 0 0 0 rg BT 219.64 575.10 Td (These ) Tj ET Q q 0 0 0 rg BT 246.04 575.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 288.00 575.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 341.07 575.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 378.57 575.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 423.31 575.10 Td (should ) Tj ET Q q 0 0 0 rg BT 452.50 575.10 Td (be ) Tj ET Q q 0 0 0 rg BT 464.46 575.10 Td (read ) Tj ET Q q 0 0 0 rg BT 484.19 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 494.49 575.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 544.23 575.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.98 563.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 118.29 563.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 156.04 563.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 201.02 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.23 563.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 242.10 563.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 272.63 563.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.06 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.05 563.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 326.47 563.10 Td (year ) Tj ET Q q 0 0 0 rg BT 346.44 563.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.09 563.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 431.94 563.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.94 563.10 Td ( ) Tj ET Q q 0 0 0 rg BT 454.71 563.10 Td (included ) Tj ET Q q 0 0 0 rg BT 491.91 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.46 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.44 563.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 81.94 551.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 111.66 551.10 Td (on ) Tj ET Q q 0 0 0 rg BT 124.16 551.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 148.33 551.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 171.38 551.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 192.20 551.10 Td (with ) Tj ET Q q 0 0 0 rg BT 212.48 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.20 551.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 248.04 551.10 Td (on ) Tj ET Q q 0 0 0 rg BT 259.99 551.10 Td (April ) Tj ET Q q 0 0 0 rg BT 283.59 551.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 298.59 551.10 Td (2018.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 525.53505859375 m 129.82421875 525.53505859375 l s q 0 0 0 rg BT 50.00 527.10 Td (Natur) Tj ET Q q 0 0 0 rg BT 75.37 527.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.31 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.14 527.10 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 72.22 515.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.42 515.10 Td (W) Tj ET Q q 0 0 0 rg BT 83.06 515.10 Td (orldwide, ) Tj ET Q q 0 0 0 rg BT 123.48 515.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 141.12 515.10 Td (\(together ) Tj ET Q q 0 0 0 rg BT 179.59 515.10 Td (with ) Tj ET Q q 0 0 0 rg BT 199.74 515.10 Td (its ) Tj ET Q q 0 0 0 rg BT 211.57 515.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 271.71 515.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 323.80 515.10 Td (we, ) Tj ET Q q 0 0 0 rg BT 349.21 515.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 371.85 515.10 Td (our) Tj ET Q q 0 0 0 rg BT 389.22 515.10 Td (, ) Tj ET Q q 0 0 0 rg BT 398.54 515.10 Td (IZEA ) Tj ET Q q 0 0 0 rg BT 432.56 515.10 Td (or ) Tj ET Q q 0 0 0 rg BT 443.26 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.85 515.10 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 511.32 515.10 Td (was ) Tj ET Q q 0 0 0 rg BT 529.25 515.10 Td (founded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.74 503.10 Td (February ) Tj ET Q q 0 0 0 rg BT 97.80 503.10 Td (2006 ) Tj ET Q q 0 0 0 rg BT 119.76 503.10 Td (under ) Tj ET Q q 0 0 0 rg BT 144.48 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.66 503.10 Td (name ) Tj ET Q q 0 0 0 rg BT 182.27 503.10 Td (PayPerPost, ) Tj ET Q q 0 0 0 rg BT 232.30 503.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 249.52 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.92 503.10 Td (became ) Tj ET Q q 0 0 0 rg BT 298.41 503.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.81 503.10 Td (public ) Tj ET Q q 0 0 0 rg BT 331.77 503.10 Td (company ) Tj ET Q q 0 0 0 rg BT 370.38 503.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 422.87 503.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.61 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.79 503.10 Td (state ) Tj ET Q q 0 0 0 rg BT 467.07 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.36 503.10 Td (Nevada ) Tj ET Q q 0 0 0 rg BT 509.86 503.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.59 503.10 Td (May ) Tj ET Q q 0 0 0 rg BT 539.88 503.10 Td (201) Tj ET Q q 0 0 0 rg BT 554.51 503.10 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.98 491.10 Td (January ) Tj ET Q q 0 0 0 rg BT 94.73 491.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 119.88 491.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 142.09 491.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.74 491.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 187.93 491.10 Td (all ) Tj ET Q q 0 0 0 rg BT 200.57 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.55 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.42 491.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 275.73 491.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 303.37 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.35 491.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 343.65 491.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 367.40 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.38 491.10 Td (Ebyline, ) Tj ET Q q 0 0 0 rg BT 414.64 491.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 432.55 491.10 Td (\(Ebyline\). ) Tj ET Q q 0 0 0 rg BT 484.34 491.10 Td (In ) Tj ET Q q 0 0 0 rg BT 495.32 491.10 Td (July ) Tj ET Q q 0 0 0 rg BT 514.64 491.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 539.79 491.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 562.01 491.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 93.73 479.10 Td (all ) Tj ET Q q 0 0 0 rg BT 106.92 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.34 479.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 172.20 479.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 200.38 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.91 479.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 241.76 479.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 266.06 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.59 479.10 Td (ZenContent, ) Tj ET Q q 0 0 0 rg BT 330.49 479.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 348.96 479.10 Td (\(ZenContent\). ) Tj ET Q q 0 0 0 rg BT 417.17 479.10 Td (The ) Tj ET Q q 0 0 0 rg BT 435.91 479.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 458.54 479.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 484.51 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.04 479.10 Td (ZenContent ) Tj ET Q q 0 0 0 rg BT 546.45 479.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (dissolved ) Tj ET Q q 0 0 0 rg BT 90.27 467.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.55 467.10 Td (December ) Tj ET Q q 0 0 0 rg BT 144.13 467.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 166.63 467.10 Td (after ) Tj ET Q q 0 0 0 rg BT 187.44 467.10 Td (all ) Tj ET Q q 0 0 0 rg BT 199.93 467.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 225.76 467.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.69 467.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 292.95 467.10 Td (were ) Tj ET Q q 0 0 0 rg BT 314.88 467.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 360.68 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.96 467.10 Td (IZEA. ) Tj ET Q q 0 0 0 rg BT 398.72 467.10 Td (On ) Tj ET Q q 0 0 0 rg BT 413.44 467.10 Td (March ) Tj ET Q q 0 0 0 rg BT 442.03 467.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 452.03 467.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 477.03 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.74 467.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 533.12 467.10 Td (formed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 72.22 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.11 455.10 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 108.48 455.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 128.14 455.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.47 455.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 194.13 455.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 234.59 455.10 Td (, ) Tj ET Q q 0 0 0 rg BT 238.98 455.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 291.41 455.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.08 455.10 Td (Ontario, ) Tj ET Q q 0 0 0 rg BT 336.01 455.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 367.89 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.56 455.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 408.88 455.10 Td (as ) Tj ET Q q 0 0 0 rg BT 419.10 455.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.43 455.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 446.76 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.08 455.10 Td (support ) Tj ET Q q 0 0 0 rg BT 494.98 455.10 Td (of) Tj ET Q q 0 0 0 rg BT 503.13 455.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 520.00 455.10 Td (for ) Tj ET Q q 0 0 0 rg BT 533.55 455.10 Td (IZEA's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 90.47 443.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 136.23 443.10 Td (On ) Tj ET Q q 0 0 0 rg BT 151.15 443.10 Td (July ) Tj ET Q q 0 0 0 rg BT 170.53 443.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 185.74 443.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 210.95 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.87 443.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 267.47 443.10 Td (mer) Tj ET Q q 0 0 0 rg BT 282.83 443.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 299.98 443.10 Td (with ) Tj ET Q q 0 0 0 rg BT 320.27 443.10 Td (T) Tj ET Q q 0 0 0 rg BT 325.68 443.10 Td (apInfluence, ) Tj ET Q q 0 0 0 rg BT 378.08 443.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 396.05 443.10 Td (\("T) Tj ET Q q 0 0 0 rg BT 408.88 443.10 Td (apInfluence"\) ) Tj ET Q q 0 0 0 rg BT 466.19 443.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 503.33 443.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.82 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.74 443.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 553.67 443.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.39 431.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 108.31 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.25 431.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 145.53 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.36 431.10 Td (Mer) Tj ET Q q 0 0 0 rg BT 172.84 431.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 188.11 431.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 212.26 431.10 Td (as ) Tj ET Q q 0 0 0 rg BT 223.09 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.92 431.10 Td (July ) Tj ET Q q 0 0 0 rg BT 253.09 431.10 Td (1) Tj ET Q q 0 0 0 rg BT 257.72 431.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 267.72 431.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 292.72 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.66 431.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 348.25 431.10 Td (July ) Tj ET Q q 0 0 0 rg BT 367.42 431.10 Td (20, ) Tj ET Q q 0 0 0 rg BT 382.42 431.10 Td (2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 407.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 87.57 407.10 Td (August ) Tj ET Q q 0 0 0 rg BT 117.88 407.10 Td (20, ) Tj ET Q q 0 0 0 rg BT 131.80 407.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 155.72 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.36 407.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 209.67 407.10 Td (changed ) Tj ET Q q 0 0 0 rg BT 244.40 407.10 Td (its ) Tj ET Q q 0 0 0 rg BT 255.27 407.10 Td (name ) Tj ET Q q 0 0 0 rg BT 278.35 407.10 Td (from ) Tj ET Q q 0 0 0 rg BT 299.21 407.10 Td (IZEA, ) Tj ET Q q 0 0 0 rg BT 325.90 407.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 342.59 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.79 407.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 374.00 407.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.32 407.10 Td (W) Tj ET Q q 0 0 0 rg BT 383.96 407.10 Td (orldwide, ) Tj ET Q q 0 0 0 rg BT 423.43 407.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 440.01 407.10 Td (The ) Tj ET Q q 0 0 0 rg BT 456.98 407.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 497.29 407.10 Td (is ) Tj ET Q q 0 0 0 rg BT 505.38 407.10 Td (headquartered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (near ) Tj ET Q q 0 0 0 rg BT 69.71 395.10 Td (Orlando, ) Tj ET Q q 0 0 0 rg BT 107.48 395.10 Td (Florida ) Tj ET Q q 0 0 0 rg BT 138.86 395.10 Td (with ) Tj ET Q q 0 0 0 rg BT 159.14 395.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 201.63 395.10 Td (of) Tj ET Q q 0 0 0 rg BT 209.78 395.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 231.16 395.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.44 395.10 Td (California, ) Tj ET Q q 0 0 0 rg BT 286.98 395.10 Td (Colorado, ) Tj ET Q q 0 0 0 rg BT 329.19 395.10 Td (Illinois, ) Tj ET Q q 0 0 0 rg BT 362.53 395.10 Td (New ) Tj ET Q q 0 0 0 rg BT 383.54 395.10 Td (Y) Tj ET Q q 0 0 0 rg BT 389.76 395.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 405.59 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.53 395.10 Td (Canada.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.17 371.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.68 371.10 Td (creates ) Tj ET Q q 0 0 0 rg BT 137.06 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.12 371.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 188.05 371.10 Td (online ) Tj ET Q q 0 0 0 rg BT 214.67 371.10 Td (marketplaces ) Tj ET Q q 0 0 0 rg BT 269.04 371.10 Td (that ) Tj ET Q q 0 0 0 rg BT 285.66 371.10 Td (connect ) Tj ET Q q 0 0 0 rg BT 318.38 371.10 Td (marketers ) Tj ET Q q 0 0 0 rg BT 359.42 371.10 Td (with ) Tj ET Q q 0 0 0 rg BT 378.82 371.10 Td (content ) Tj ET Q q 0 0 0 rg BT 409.88 371.10 Td (creators. ) Tj ET Q q 0 0 0 rg BT 445.53 371.10 Td (The ) Tj ET Q q 0 0 0 rg BT 462.70 371.10 Td (creators ) Tj ET Q q 0 0 0 rg BT 495.97 371.10 Td (are ) Tj ET Q q 0 0 0 rg BT 509.80 371.10 Td (compensated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.44 359.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 83.66 359.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.10 359.10 Td (for ) Tj ET Q q 0 0 0 rg BT 98.20 359.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 140.18 359.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 168.84 359.10 Td (content ) Tj ET Q q 0 0 0 rg BT 199.71 359.10 Td (such ) Tj ET Q q 0 0 0 rg BT 219.48 359.10 Td (as ) Tj ET Q q 0 0 0 rg BT 229.25 359.10 Td (long ) Tj ET Q q 0 0 0 rg BT 248.47 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.35 359.10 Td (short ) Tj ET Q q 0 0 0 rg BT 285.79 359.10 Td (form ) Tj ET Q q 0 0 0 rg BT 306.66 359.10 Td (text, ) Tj ET Q q 0 0 0 rg BT 325.60 359.10 Td (videos, ) Tj ET Q q 0 0 0 rg BT 355.65 359.10 Td (photos, ) Tj ET Q q 0 0 0 rg BT 386.25 359.10 Td (status ) Tj ET Q q 0 0 0 rg BT 410.47 359.10 Td (updates, ) Tj ET Q q 0 0 0 rg BT 444.96 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.84 359.10 Td (illustrations ) Tj ET Q q 0 0 0 rg BT 509.50 359.10 Td (for ) Tj ET Q q 0 0 0 rg BT 522.60 359.10 Td (marketers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 347.10 Td (distributing ) Tj ET Q q 0 0 0 rg BT 109.43 347.10 Td (such ) Tj ET Q q 0 0 0 rg BT 130.26 347.10 Td (content ) Tj ET Q q 0 0 0 rg BT 162.19 347.10 Td (on ) Tj ET Q q 0 0 0 rg BT 174.68 347.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 202.16 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.99 347.10 Td (marketers ) Tj ET Q q 0 0 0 rg BT 254.91 347.10 Td (through ) Tj ET Q q 0 0 0 rg BT 288.51 347.10 Td (their ) Tj ET Q q 0 0 0 rg BT 309.33 347.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 345.70 347.10 Td (websites, ) Tj ET Q q 0 0 0 rg BT 385.14 347.10 Td (blogs, ) Tj ET Q q 0 0 0 rg BT 411.80 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.74 347.10 Td (social ) Tj ET Q q 0 0 0 rg BT 454.56 347.10 Td (media ) Tj ET Q q 0 0 0 rg BT 481.48 347.10 Td (channels. ) Tj ET Q q 0 0 0 rg BT 521.46 347.10 Td (Marketers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 81.36 335.10 Td (influential ) Tj ET Q q 0 0 0 rg BT 124.96 335.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 166.34 335.10 Td (content ) Tj ET Q q 0 0 0 rg BT 198.27 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.21 335.10 Td (engaging, ) Tj ET Q q 0 0 0 rg BT 256.87 335.10 Td (shareable ) Tj ET Q q 0 0 0 rg BT 297.12 335.10 Td (stories ) Tj ET Q q 0 0 0 rg BT 325.73 335.10 Td (that ) Tj ET Q q 0 0 0 rg BT 343.22 335.10 Td (drive ) Tj ET Q q 0 0 0 rg BT 366.27 335.10 Td (awareness. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.11 311.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 113.25 311.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 146.47 311.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 192.47 311.10 Td (platform, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.96 311.10 Td (The ) Tj ET Q q 0 0 0 rg BT 247.52 311.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 268.45 311.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.01 311.10 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 311.10 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 318.77 311.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.32 311.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 356.15 311.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 387.70 311.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 437.02 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.36 311.10 Td (be ) Tj ET Q q 0 0 0 rg BT 457.36 311.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 500.58 311.10 Td (at ) Tj ET Q q 0 0 0 rg BT 509.36 311.10 Td (scale ) Tj ET Q q 0 0 0 rg BT 530.90 311.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.61 299.10 Td (management ) Tj ET Q q 0 0 0 rg BT 118.09 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.81 299.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 160.09 299.10 Td (content ) Tj ET Q q 0 0 0 rg BT 191.91 299.10 Td (workflow) Tj ET Q q 0 0 0 rg BT 230.15 299.10 Td (, ) Tj ET Q q 0 0 0 rg BT 235.04 299.10 Td (creator ) Tj ET Q q 0 0 0 rg BT 265.18 299.10 Td (search ) Tj ET Q q 0 0 0 rg BT 293.11 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.94 299.10 Td (tar) Tj ET Q q 0 0 0 rg BT 320.31 299.10 Td (geting, ) Tj ET Q q 0 0 0 rg BT 350.20 299.10 Td (bidding, ) Tj ET Q q 0 0 0 rg BT 385.64 299.10 Td (analytics, ) Tj ET Q q 0 0 0 rg BT 426.08 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.91 299.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 479.73 299.10 Td (processing. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 527.39 299.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.94 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 555.33 299.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 88.17 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.58 287.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 131.75 287.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.82 287.10 Td (unified ) Tj ET Q q 0 0 0 rg BT 169.77 287.10 Td (ecosystem ) Tj ET Q q 0 0 0 rg BT 214.05 287.10 Td (that ) Tj ET Q q 0 0 0 rg BT 231.67 287.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 264.29 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.13 287.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 313.96 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.03 287.10 Td (publication ) Tj ET Q q 0 0 0 rg BT 378.64 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.60 287.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 425.56 287.10 Td (types ) Tj ET Q q 0 0 0 rg BT 449.29 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.25 287.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 491.76 287.10 Td (content ) Tj ET Q q 0 0 0 rg BT 523.82 287.10 Td (through ) Tj ET Q q 0 0 0 rg BT 557.56 287.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (creator's ) Tj ET Q q 0 0 0 rg BT 85.65 275.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 121.72 275.10 Td (websites, ) Tj ET Q q 0 0 0 rg BT 160.86 275.10 Td (blogs, ) Tj ET Q q 0 0 0 rg BT 187.23 275.10 Td (or ) Tj ET Q q 0 0 0 rg BT 197.76 275.10 Td (social ) Tj ET Q q 0 0 0 rg BT 223.29 275.10 Td (media ) Tj ET Q q 0 0 0 rg BT 249.92 275.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 287.10 275.10 Td (including ) Tj ET Q q 0 0 0 rg BT 326.92 275.10 Td (T) Tj ET Q q 0 0 0 rg BT 332.33 275.10 Td (witter) Tj ET Q q 0 0 0 rg BT 355.25 275.10 Td (, ) Tj ET Q q 0 0 0 rg BT 359.95 275.10 Td (Facebook, ) Tj ET Q q 0 0 0 rg BT 403.53 275.10 Td (Instagram, ) Tj ET Q q 0 0 0 rg BT 448.21 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.53 275.10 Td (Y) Tj ET Q q 0 0 0 rg BT 470.75 275.10 Td (ouT) Tj ET Q q 0 0 0 rg BT 486.50 275.10 Td (ube, ) Tj ET Q q 0 0 0 rg BT 505.64 275.10 Td (among ) Tj ET Q q 0 0 0 rg BT 535.06 275.10 Td (others. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (In ) Tj ET Q q 0 0 0 rg BT 62.45 263.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 99.33 263.10 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 111.23 263.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.77 263.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.39 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.72 263.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 202.72 263.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 240.15 263.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 256.49 263.10 Td (Ebyline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.03 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.14 263.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 339.69 263.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 380.74 263.10 Td (which ) Tj ET Q q 0 0 0 rg BT 409.29 263.10 Td (it ) Tj ET Q q 0 0 0 rg BT 418.97 263.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 457.51 263.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.40 263.10 Td (January ) Tj ET Q q 0 0 0 rg BT 504.61 263.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 531.23 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.78 263.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.64 251.10 Td (apInfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.85 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.09 251.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 150.78 251.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 189.96 251.10 Td (which ) Tj ET Q q 0 0 0 rg BT 216.65 251.10 Td (it ) Tj ET Q q 0 0 0 rg BT 224.45 251.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 261.12 251.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.15 251.10 Td (July ) Tj ET Q q 0 0 0 rg BT 290.07 251.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 314.65 251.10 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.45 251.10 Td (Ebyline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.99 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.24 251.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 401.92 251.10 Td (was ) Tj ET Q q 0 0 0 rg BT 419.72 251.10 Td (originally ) Tj ET Q q 0 0 0 rg BT 460.85 251.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 498.65 251.10 Td (as ) Tj ET Q q 0 0 0 rg BT 509.23 251.10 Td (a ) Tj ET Q q 0 0 0 rg BT 515.91 251.10 Td (self-service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (content ) Tj ET Q q 0 0 0 rg BT 83.09 239.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 135.61 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.04 239.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 179.56 239.10 Td (editorial ) Tj ET Q q 0 0 0 rg BT 216.54 239.10 Td (newsrooms ) Tj ET Q q 0 0 0 rg BT 265.75 239.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.18 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.06 239.10 Td (news ) Tj ET Q q 0 0 0 rg BT 317.27 239.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 355.35 239.10 Td (with ) Tj ET Q q 0 0 0 rg BT 376.78 239.10 Td (a ) Tj ET Q q 0 0 0 rg BT 384.88 239.10 Td (virtual ) Tj ET Q q 0 0 0 rg BT 419.08 239.10 Td (newsroom ) Tj ET Q q 0 0 0 rg BT 468.83 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.27 239.10 Td (handle ) Tj ET Q q 0 0 0 rg BT 510.58 239.10 Td (their ) Tj ET Q q 0 0 0 rg BT 532.56 239.10 Td (content ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (workflow) Tj ET Q q 0 0 0 rg BT 88.23 227.10 Td (. ) Tj ET Q q 0 0 0 rg BT 92.70 227.10 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 110.37 227.10 Td (T) Tj ET Q q 0 0 0 rg BT 115.02 227.10 Td (apInfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.22 227.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.34 227.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 200.90 227.10 Td (performs ) Tj ET Q q 0 0 0 rg BT 239.12 227.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.02 227.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.58 227.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 285.48 227.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 317.59 227.10 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.49 227.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.03 227.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.16 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.72 227.10 Td (is ) Tj ET Q q 0 0 0 rg BT 380.51 227.10 Td (being ) Tj ET Q q 0 0 0 rg BT 404.85 227.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 436.97 227.10 Td (by ) Tj ET Q q 0 0 0 rg BT 449.09 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.43 227.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 499.43 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.89 227.10 Td (its ) Tj ET Q q 0 0 0 rg BT 521.46 227.10 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.38 215.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.87 215.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 115.01 215.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 151.50 215.10 Td (via ) Tj ET Q q 0 0 0 rg BT 165.76 215.10 Td (a ) Tj ET Q q 0 0 0 rg BT 172.25 215.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 210.41 215.10 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 264.93 215.10 Td (allowing ) Tj ET Q q 0 0 0 rg BT 301.98 215.10 Td (access ) Tj ET Q q 0 0 0 rg BT 329.57 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.40 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.67 215.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 390.16 215.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.65 215.10 Td (its ) Tj ET Q q 0 0 0 rg BT 418.15 215.10 Td (creators ) Tj ET Q q 0 0 0 rg BT 451.84 215.10 Td (for ) Tj ET Q q 0 0 0 rg BT 465.56 215.10 Td (self-managed ) Tj ET Q q 0 0 0 rg BT 521.47 215.10 Td (marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (campaigns.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 177.53505859375002 m 176.4208984375 177.53505859375002 l s q 0 0 0 rg BT 50.00 179.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 92.52 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.14 179.10 Td (Going ) Tj ET Q q 0 0 0 rg BT 139.76 179.10 Td (Concern) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.81 167.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.47 167.10 Td (s ) Tj ET Q q 0 0 0 rg BT 115.62 167.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 152.86 167.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 197.33 167.10 Td (are ) Tj ET Q q 0 0 0 rg BT 211.80 167.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 249.04 167.10 Td (using ) Tj ET Q q 0 0 0 rg BT 272.97 167.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 299.82 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.08 167.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 345.43 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.47 167.10 Td (a ) Tj ET Q q 0 0 0 rg BT 362.17 167.10 Td (going ) Tj ET Q q 0 0 0 rg BT 387.21 167.10 Td (concern, ) Tj ET Q q 0 0 0 rg BT 423.61 167.10 Td (which ) Tj ET Q q 0 0 0 rg BT 450.31 167.10 Td (contemplates ) Tj ET Q q 0 0 0 rg BT 505.33 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.80 167.10 Td (realization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.71 155.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 88.43 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.25 155.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 152.96 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.68 155.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 205.28 155.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.44 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.04 155.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 263.75 155.10 Td (course ) Tj ET Q q 0 0 0 rg BT 293.23 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.95 155.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 344.48 155.10 Td (The ) Tj ET Q q 0 0 0 rg BT 363.41 155.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 405.68 155.10 Td (has ) Tj ET Q q 0 0 0 rg BT 422.39 155.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 459.09 155.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 504.69 155.10 Td (net ) Tj ET Q q 0 0 0 rg BT 520.29 155.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 547.56 155.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 87.39 143.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 108.68 143.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 130.53 143.10 Td (from ) Tj ET Q q 0 0 0 rg BT 153.49 143.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 198.66 143.10 Td (for ) Tj ET Q q 0 0 0 rg BT 213.84 143.10 Td (most ) Tj ET Q q 0 0 0 rg BT 236.81 143.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 269.77 143.10 Td (since ) Tj ET Q q 0 0 0 rg BT 293.83 143.10 Td (its ) Tj ET Q q 0 0 0 rg BT 306.80 143.10 Td (inception, ) Tj ET Q q 0 0 0 rg BT 350.03 143.10 Td (which ) Tj ET Q q 0 0 0 rg BT 377.99 143.10 Td (has ) Tj ET Q q 0 0 0 rg BT 394.84 143.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 430.02 143.10 Td (in ) Tj ET Q q 0 0 0 rg BT 441.31 143.10 Td (a ) Tj ET Q q 0 0 0 rg BT 449.27 143.10 Td (total ) Tj ET Q q 0 0 0 rg BT 470.56 143.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 524.61 143.10 Td (deficit ) Tj ET Q q 0 0 0 rg BT 553.67 143.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td ($52,401,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.00 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.82 131.10 Td (as ) Tj ET Q q 0 0 0 rg BT 111.97 131.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.12 131.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 181.71 131.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.71 131.10 Td (. ) Tj ET Q q 0 0 0 rg BT 206.03 131.10 Td (For ) Tj ET Q q 0 0 0 rg BT 224.24 131.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.27 131.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 257.31 131.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.76 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 288.58 131.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.28 131.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 373.86 131.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.86 131.10 Td (, ) Tj ET Q q 0 0 0 rg BT 398.18 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.22 131.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 452.93 131.10 Td (had ) Tj ET Q q 0 0 0 rg BT 469.18 131.10 Td (a ) Tj ET Q q 0 0 0 rg BT 475.44 131.10 Td (net ) Tj ET Q q 0 0 0 rg BT 489.48 131.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 506.86 131.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.01 131.10 Td ($5,025,704) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.71 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.20 119.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.36 119.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 154.62 119.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.67 119.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 187.48 119.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.19 119.10 Td (net ) Tj ET Q q 0 0 0 rg BT 208.68 119.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 226.52 119.10 Td (for ) Tj ET Q q 0 0 0 rg BT 240.45 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.94 119.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 278.87 119.10 Td (year ) Tj ET Q q 0 0 0 rg BT 298.34 119.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 323.12 119.10 Td () Tj ET Q q 0 0 0 rg BT 325.44 119.10 Td (The ) Tj ET Q q 0 0 0 rg BT 343.25 119.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 390.11 119.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 410.15 119.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 442.95 119.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.55 119.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.16 119.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 524.19 119.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.19 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.46 119.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td ($3,864,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.50 107.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.43 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.15 107.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 176.22 107.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 216.48 107.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 255.08 107.10 Td (used ) Tj ET Q q 0 0 0 rg BT 275.90 107.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 296.17 107.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 107.10 Td ($4,157,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.49 107.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.65 107.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.36 107.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 403.08 107.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.52 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 435.02 107.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.39 107.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 521.65 107.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 107.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.47 107.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 95.10 Td (s ) Tj ET Q q 0 0 0 rg BT 98.00 95.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 135.98 95.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 177.83 95.10 Td (year) Tj ET Q q 0 0 0 rg BT 194.84 95.10 Td (-over) Tj ET Q q 0 0 0 rg BT 215.74 95.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 238.72 95.10 Td (for ) Tj ET Q q 0 0 0 rg BT 252.82 95.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.48 95.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 287.13 95.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.58 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.02 95.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.34 95.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 405.55 95.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.55 95.10 Td (. ) Tj ET Q q 0 0 0 rg BT 430.49 95.10 Td (If ) Tj ET Q q 0 0 0 rg BT 439.59 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.25 95.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 501.27 95.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 530.37 95.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 91.24 83.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.94 83.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 133.73 83.10 Td (from ) Tj ET Q q 0 0 0 rg BT 156.08 83.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 178.44 83.10 Td (year ) Tj ET Q q 0 0 0 rg BT 198.56 83.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 224.80 83.10 Td (at ) Tj ET Q q 0 0 0 rg BT 234.93 83.10 Td (a ) Tj ET Q q 0 0 0 rg BT 242.29 83.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 260.19 83.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 290.88 83.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.58 83.10 Td (or ) Tj ET Q q 0 0 0 rg BT 312.82 83.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 343.49 83.10 Td (than ) Tj ET Q q 0 0 0 rg BT 363.63 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.76 83.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 410.55 83.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.24 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.38 83.10 Td (first ) Tj ET Q q 0 0 0 rg BT 455.40 83.10 Td (three ) Tj ET Q q 0 0 0 rg BT 478.30 83.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 513.43 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.67 83.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 547.59 83.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.53 71.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 131.63 71.10 Td (do ) Tj ET Q q 0 0 0 rg BT 143.29 71.10 Td (not ) Tj ET Q q 0 0 0 rg BT 157.72 71.10 Td (increase, ) Tj ET Q q 0 0 0 rg BT 194.63 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.50 71.10 Td (Company) Tj ET Q q 0 0 0 rg BT 250.17 71.10 Td (s ) Tj ET Q q 0 0 0 rg BT 255.72 71.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 275.14 71.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 314.56 71.10 Td (will ) Tj ET Q q 0 0 0 rg BT 331.77 71.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 356.20 71.10 Td (be ) Tj ET Q q 0 0 0 rg BT 367.30 71.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 387.12 71.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 414.32 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.75 71.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 444.84 71.10 Td (its ) Tj ET Q q 0 0 0 rg BT 455.95 71.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 502.05 71.10 Td (as ) Tj ET Q q 0 0 0 rg BT 512.03 71.10 Td (they ) Tj ET Q q 0 0 0 rg BT 530.91 71.10 Td (become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (due ) Tj ET Q q 0 0 0 rg BT 66.94 59.10 Td (during ) Tj ET Q q 0 0 0 rg BT 95.55 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.26 59.10 Td (next ) Tj ET Q q 0 0 0 rg BT 129.98 59.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 159.14 59.10 Td (months. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.10 Td ( ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.16 731.10 Td (further ) Tj ET Q q 0 0 0 rg BT 92.42 731.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 132.80 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.62 731.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 164.11 731.10 Td (6, ) Tj ET Q q 0 0 0 rg BT 173.66 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.92 731.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 228.86 731.10 Td (received ) Tj ET Q q 0 0 0 rg BT 264.77 731.10 Td (net ) Tj ET Q q 0 0 0 rg BT 279.03 731.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 316.62 731.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 731.10 Td ($3,140,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.05 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.53 731.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.53 731.10 Td (1,820,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.53 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.58 731.10 Td (from ) Tj ET Q q 0 0 0 rg BT 459.07 731.10 Td (two ) Tj ET Q q 0 0 0 rg BT 476.12 731.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 510.92 731.10 Td (underwritten ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (public ) Tj ET Q q 0 0 0 rg BT 77.30 719.10 Td (of) Tj ET Q q 0 0 0 rg BT 85.45 719.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 115.52 719.10 Td (on ) Tj ET Q q 0 0 0 rg BT 127.82 719.10 Td (July ) Tj ET Q q 0 0 0 rg BT 146.80 719.10 Td (2, ) Tj ET Q q 0 0 0 rg BT 156.60 719.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 178.91 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.65 719.10 Td (September ) Tj ET Q q 0 0 0 rg BT 240.71 719.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 255.52 719.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 280.32 719.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 327.98 719.10 Td (. ) Tj ET Q q 0 0 0 rg BT 332.62 719.10 Td (The ) Tj ET Q q 0 0 0 rg BT 350.47 719.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 391.66 719.10 Td (used ) Tj ET Q q 0 0 0 rg BT 412.30 719.10 Td (a ) Tj ET Q q 0 0 0 rg BT 419.04 719.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 450.23 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.86 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.38 719.10 Td (July ) Tj ET Q q 0 0 0 rg BT 494.36 719.10 Td (2, ) Tj ET Q q 0 0 0 rg BT 504.16 719.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 526.46 719.10 Td (proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.16 707.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 91.96 707.10 Td (its ) Tj ET Q q 0 0 0 rg BT 103.79 707.10 Td (mer) Tj ET Q q 0 0 0 rg BT 119.15 707.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 134.30 707.10 Td (with ) Tj ET Q q 0 0 0 rg BT 154.29 707.10 Td (T) Tj ET Q q 0 0 0 rg BT 159.70 707.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 209.27 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.09 707.10 Td (has ) Tj ET Q q 0 0 0 rg BT 241.80 707.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 270.82 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.98 707.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 297.63 707.10 Td (T) Tj ET Q q 0 0 0 rg BT 303.04 707.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 352.61 707.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 405.53 707.10 Td (an ) Tj ET Q q 0 0 0 rg BT 417.35 707.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.72 707.10 Td ($4,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.72 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 507.10 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.26 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.85 707.10 Td (form ) Tj ET Q q 0 0 0 rg BT 553.67 707.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 72.36 695.10 Td (common ) Tj ET Q q 0 0 0 rg BT 109.45 695.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 132.65 695.10 Td (or ) Tj ET Q q 0 0 0 rg BT 143.07 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.60 695.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 201.68 695.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 234.59 695.10 Td (at ) Tj ET Q q 0 0 0 rg BT 243.89 695.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 265.55 695.10 Td () Tj ET Q q 0 0 0 rg BT 268.33 695.10 Td (s ) Tj ET Q q 0 0 0 rg BT 274.31 695.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 304.46 695.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.33 695.10 Td (two ) Tj ET Q q 0 0 0 rg BT 331.42 695.10 Td (installments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.75 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 381.85 695.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.27 695.10 Td ($1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.27 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 434.36 695.10 Td (six ) Tj ET Q q 0 0 0 rg BT 448.12 695.10 Td (months ) Tj ET Q q 0 0 0 rg BT 479.66 695.10 Td (after ) Tj ET Q q 0 0 0 rg BT 500.07 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.37 695.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 545.35 695.10 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.28 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.44 683.10 Td (mer) Tj ET Q q 0 0 0 rg BT 91.81 683.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 107.52 683.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.91 683.10 Td ($3,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.91 683.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.85 683.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 202.46 683.10 Td (months ) Tj ET Q q 0 0 0 rg BT 234.85 683.10 Td (after ) Tj ET Q q 0 0 0 rg BT 256.11 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.28 683.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 303.11 683.10 Td (date ) Tj ET Q q 0 0 0 rg BT 322.71 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.99 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.15 683.10 Td (mer) Tj ET Q q 0 0 0 rg BT 364.52 683.10 Td (ger) Tj ET Q q 0 0 0 rg BT 376.74 683.10 Td (. ) Tj ET Q q 0 0 0 rg BT 381.97 683.10 Td (The ) Tj ET Q q 0 0 0 rg BT 400.46 683.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 442.30 683.10 Td (does ) Tj ET Q q 0 0 0 rg BT 463.57 683.10 Td (not ) Tj ET Q q 0 0 0 rg BT 479.30 683.10 Td (have ) Tj ET Q q 0 0 0 rg BT 501.12 683.10 Td (enough ) Tj ET Q q 0 0 0 rg BT 533.51 683.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 554.22 683.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 75.50 671.10 Td (these ) Tj ET Q q 0 0 0 rg BT 99.33 671.10 Td (current ) Tj ET Q q 0 0 0 rg BT 130.94 671.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 178.67 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.40 671.10 Td (will ) Tj ET Q q 0 0 0 rg BT 215.25 671.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 234.08 671.10 Td (on ) Tj ET Q q 0 0 0 rg BT 247.38 671.10 Td (its ) Tj ET Q q 0 0 0 rg BT 260.11 671.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 288.96 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.02 671.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 323.31 671.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 351.59 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.21 671.10 Td (its ) Tj ET Q q 0 0 0 rg BT 375.95 671.10 Td (common ) Tj ET Q q 0 0 0 rg BT 414.24 671.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 438.64 671.10 Td (as ) Tj ET Q q 0 0 0 rg BT 450.26 671.10 Td (payment, ) Tj ET Q q 0 0 0 rg BT 490.48 671.10 Td (its ) Tj ET Q q 0 0 0 rg BT 503.22 671.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 532.06 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.13 671.10 Td (raise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.12 659.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 120.90 659.10 Td (through ) Tj ET Q q 0 0 0 rg BT 154.14 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.49 659.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 186.16 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.63 659.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 223.75 659.10 Td (or ) Tj ET Q q 0 0 0 rg BT 234.21 659.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 261.34 659.10 Td (linked ) Tj ET Q q 0 0 0 rg BT 288.46 659.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 330.86 659.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.32 659.10 Td (its ) Tj ET Q q 0 0 0 rg BT 352.90 659.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 380.58 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.49 659.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 417.61 659.10 Td (or ) Tj ET Q q 0 0 0 rg BT 428.07 659.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 455.73 659.10 Td (other ) Tj ET Q q 0 0 0 rg BT 478.41 659.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 497.76 659.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 537.65 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 547.56 659.10 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 647.10 Td (its ) Tj ET Q q 0 0 0 rg BT 76.11 647.10 Td (current ) Tj ET Q q 0 0 0 rg BT 106.92 647.10 Td (obligations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 623.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.90 623.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 97.81 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.50 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.07 623.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 167.32 623.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.45 623.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 216.24 623.10 Td (as ) Tj ET Q q 0 0 0 rg BT 227.93 623.10 Td (a ) Tj ET Q q 0 0 0 rg BT 235.73 623.10 Td (going ) Tj ET Q q 0 0 0 rg BT 261.86 623.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 296.86 623.10 Td (is ) Tj ET Q q 0 0 0 rg BT 306.89 623.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 351.34 623.10 Td (on ) Tj ET Q q 0 0 0 rg BT 364.70 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.27 623.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 422.51 623.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 463.65 623.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 502.53 623.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 532.54 623.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.68 623.10 Td (fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.65 611.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 117.44 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.77 611.10 Td (its ) Tj ET Q q 0 0 0 rg BT 147.10 611.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 193.88 611.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 233.98 611.10 Td (until ) Tj ET Q q 0 0 0 rg BT 255.21 611.10 Td (it ) Tj ET Q q 0 0 0 rg BT 263.66 611.10 Td (achieves ) Tj ET Q q 0 0 0 rg BT 300.97 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.30 611.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 360.07 611.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 407.19 611.10 Td (. ) Tj ET Q q 0 0 0 rg BT 412.58 611.10 Td (Management) Tj ET Q q 0 0 0 rg BT 467.56 611.10 Td (s ) Tj ET Q q 0 0 0 rg BT 474.35 611.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 498.34 611.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.01 611.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 546.34 611.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.56 611.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.10 Td (going ) Tj ET Q q 0 0 0 rg BT 75.29 599.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 109.44 599.10 Td (include ) Tj ET Q q 0 0 0 rg BT 141.39 599.10 Td (raising ) Tj ET Q q 0 0 0 rg BT 171.11 599.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 213.61 599.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 242.77 599.10 Td (through ) Tj ET Q q 0 0 0 rg BT 276.39 599.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 298.34 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.18 599.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 351.95 599.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 382.80 599.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 410.30 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.14 599.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 444.76 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.05 599.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 472.00 599.10 Td (for ) Tj ET Q q 0 0 0 rg BT 486.17 599.10 Td (its ) Tj ET Q q 0 0 0 rg BT 498.13 599.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 547.58 599.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 94.20 587.10 Td (its ) Tj ET Q q 0 0 0 rg BT 106.76 587.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 151.53 587.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 180.47 587.10 Td (However) Tj ET Q q 0 0 0 rg BT 216.72 587.10 Td (, ) Tj ET Q q 0 0 0 rg BT 222.33 587.10 Td (management ) Tj ET Q q 0 0 0 rg BT 276.53 587.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 306.29 587.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 339.95 587.10 Td (any ) Tj ET Q q 0 0 0 rg BT 357.50 587.10 Td (assurances ) Tj ET Q q 0 0 0 rg BT 403.37 587.10 Td (that ) Tj ET Q q 0 0 0 rg BT 421.47 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.80 587.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 478.80 587.10 Td (will ) Tj ET Q q 0 0 0 rg BT 497.47 587.10 Td (be ) Tj ET Q q 0 0 0 rg BT 510.01 587.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 554.22 587.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.10 Td (accomplishing ) Tj ET Q q 0 0 0 rg BT 110.15 575.10 Td (any ) Tj ET Q q 0 0 0 rg BT 126.41 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.57 575.10 Td (its ) Tj ET Q q 0 0 0 rg BT 147.85 575.10 Td (plans. ) Tj ET Q q 0 0 0 rg BT 173.28 575.10 Td (If ) Tj ET Q q 0 0 0 rg BT 181.77 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.82 575.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 236.53 575.10 Td (is ) Tj ET Q q 0 0 0 rg BT 245.03 575.10 Td (not ) Tj ET Q q 0 0 0 rg BT 259.63 575.10 Td (able ) Tj ET Q q 0 0 0 rg BT 278.12 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.72 575.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 340.10 575.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 374.68 575.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 398.45 575.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 425.27 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.54 575.10 Td (sustain ) Tj ET Q q 0 0 0 rg BT 471.14 575.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 520.74 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.01 575.10 Td (obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.14 563.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 106.92 563.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 149.83 563.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 190.51 563.10 Td (on ) Tj ET Q q 0 0 0 rg BT 203.43 563.10 Td (a ) Tj ET Q q 0 0 0 rg BT 210.79 563.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 239.26 563.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 262.18 563.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.43 563.10 Td (on ) Tj ET Q q 0 0 0 rg BT 286.35 563.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 331.45 563.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 359.09 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.23 563.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 416.03 563.10 Td (will ) Tj ET Q q 0 0 0 rg BT 434.51 563.10 Td (be ) Tj ET Q q 0 0 0 rg BT 446.86 563.10 Td (required ) Tj ET Q q 0 0 0 rg BT 483.10 563.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.80 563.10 Td (delay) Tj ET Q q 0 0 0 rg BT 514.80 563.10 Td (, ) Tj ET Q q 0 0 0 rg BT 520.22 563.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 549.79 563.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 75.65 551.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 89.37 551.10 Td (or ) Tj ET Q q 0 0 0 rg BT 100.58 551.10 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 140.67 551.10 Td (current ) Tj ET Q q 0 0 0 rg BT 171.87 551.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 215.30 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.62 551.10 Td (development ) Tj ET Q q 0 0 0 rg BT 287.15 551.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 313.65 551.10 Td (initiate ) Tj ET Q q 0 0 0 rg BT 344.30 551.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 388.84 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.50 551.10 Td (its ) Tj ET Q q 0 0 0 rg BT 411.83 551.10 Td (workforce, ) Tj ET Q q 0 0 0 rg BT 458.30 551.10 Td (or ) Tj ET Q q 0 0 0 rg BT 469.51 551.10 Td (perhaps ) Tj ET Q q 0 0 0 rg BT 503.50 551.10 Td (even ) Tj ET Q q 0 0 0 rg BT 525.26 551.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 549.79 551.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 90.51 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.58 539.10 Td (its ) Tj ET Q q 0 0 0 rg BT 113.77 539.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 155.20 539.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 199.86 539.10 Td (there ) Tj ET Q q 0 0 0 rg BT 222.58 539.10 Td (is ) Tj ET Q q 0 0 0 rg BT 232.00 539.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 277.51 539.10 Td (doubt ) Tj ET Q q 0 0 0 rg BT 303.03 539.10 Td (about ) Tj ET Q q 0 0 0 rg BT 327.99 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.95 539.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 371.24 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.31 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.27 539.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 438.90 539.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.42 539.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 486.60 539.10 Td (as ) Tj ET Q q 0 0 0 rg BT 497.67 539.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.85 539.10 Td (going ) Tj ET Q q 0 0 0 rg BT 530.37 539.10 Td (concern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.10 527.10 Td (one ) Tj ET Q q 0 0 0 rg BT 80.98 527.10 Td (year ) Tj ET Q q 0 0 0 rg BT 100.63 527.10 Td (from ) Tj ET Q q 0 0 0 rg BT 122.52 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.18 527.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 173.50 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.27 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.93 527.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 259.68 527.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 297.10 527.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 344.08 527.10 Td (The ) Tj ET Q q 0 0 0 rg BT 362.07 527.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 422.83 527.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.25 527.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 504.90 527.10 Td (do ) Tj ET Q q 0 0 0 rg BT 517.35 527.10 Td (not ) Tj ET Q q 0 0 0 rg BT 532.57 527.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.94 515.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 117.21 515.10 Td (that ) Tj ET Q q 0 0 0 rg BT 134.71 515.10 Td (might ) Tj ET Q q 0 0 0 rg BT 160.54 515.10 Td (be ) Tj ET Q q 0 0 0 rg BT 172.48 515.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 213.85 515.10 Td (if ) Tj ET Q q 0 0 0 rg BT 222.46 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.17 515.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 278.56 515.10 Td (is ) Tj ET Q q 0 0 0 rg BT 287.73 515.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 316.88 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.16 515.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 364.10 515.10 Td (as ) Tj ET Q q 0 0 0 rg BT 374.93 515.10 Td (a ) Tj ET Q q 0 0 0 rg BT 381.87 515.10 Td (going ) Tj ET Q q 0 0 0 rg BT 407.14 515.10 Td (concern.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 489.53505859375 m 165.56640625 489.53505859375 l s q 0 0 0 rg BT 50.00 491.10 Td (Principles ) Tj ET Q q 0 0 0 rg BT 95.27 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.10 491.10 Td (Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.14 479.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 119.28 479.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 155.85 479.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 199.65 479.10 Td (include ) Tj ET Q q 0 0 0 rg BT 230.68 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.49 479.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 281.07 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.99 479.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 313.21 479.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.69 479.10 Td (W) Tj ET Q q 0 0 0 rg BT 323.33 479.10 Td (orldwide, ) Tj ET Q q 0 0 0 rg BT 362.97 479.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 379.83 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.86 479.10 Td (its ) Tj ET Q q 0 0 0 rg BT 406.90 479.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 466.26 479.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 517.57 479.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.92 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.27 467.10 Td (subsidiaries' ) Tj ET Q q 0 0 0 rg BT 128.43 467.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 172.11 467.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 221.63 467.10 Td (mer) Tj ET Q q 0 0 0 rg BT 237.00 467.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 252.91 467.10 Td (or ) Tj ET Q q 0 0 0 rg BT 264.37 467.10 Td (formation ) Tj ET Q q 0 0 0 rg BT 306.94 467.10 Td (dates, ) Tj ET Q q 0 0 0 rg BT 333.13 467.10 Td (as ) Tj ET Q q 0 0 0 rg BT 344.59 467.10 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 390.63 467.10 Td (All ) Tj ET Q q 0 0 0 rg BT 406.54 467.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 451.89 467.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 510.01 467.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 547.57 467.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 100.26 455.10 Td (have ) Tj ET Q q 0 0 0 rg BT 121.64 455.10 Td (been ) Tj ET Q q 0 0 0 rg BT 143.02 455.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 187.72 455.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.00 455.10 Td (consolidation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.47 431.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 123.93 431.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 162.83 431.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 208.97 431.10 Td (were ) Tj ET Q q 0 0 0 rg BT 232.32 431.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 271.21 431.10 Td (using ) Tj ET Q q 0 0 0 rg BT 296.81 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.94 431.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 360.75 431.10 Td (method ) Tj ET Q q 0 0 0 rg BT 394.66 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.91 431.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 454.71 431.10 Td (with ) Tj ET Q q 0 0 0 rg BT 476.41 431.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 498.62 431.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.55 431.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 549.78 431.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.60 419.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 132.08 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.13 419.10 Td (Ebyline, ) Tj ET Q q 0 0 0 rg BT 179.46 419.10 Td (ZenContent, ) Tj ET Q q 0 0 0 rg BT 231.89 419.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.86 419.10 Td (T) Tj ET Q q 0 0 0 rg BT 254.27 419.10 Td (apInfluence. ) Tj ET Q q 0 0 0 rg BT 306.69 419.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 334.40 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.34 419.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 395.95 419.10 Td (method ) Tj ET Q q 0 0 0 rg BT 428.67 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.73 419.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 488.82 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.76 419.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 542.02 419.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.01 407.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 97.44 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.57 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.13 407.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 167.79 407.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 202.35 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.13 407.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 261.46 407.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 287.13 407.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 323.90 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.68 407.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 380.24 407.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 417.02 407.10 Td (based ) Tj ET Q q 0 0 0 rg BT 442.13 407.10 Td (on ) Tj ET Q q 0 0 0 rg BT 454.48 407.10 Td (their ) Tj ET Q q 0 0 0 rg BT 475.15 407.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 518.02 407.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 534.24 407.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (values ) Tj ET Q q 0 0 0 rg BT 78.05 395.10 Td (with ) Tj ET Q q 0 0 0 rg BT 98.33 395.10 Td (any ) Tj ET Q q 0 0 0 rg BT 115.26 395.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 143.86 395.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 181.90 395.10 Td (price ) Tj ET Q q 0 0 0 rg BT 204.38 395.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 242.97 395.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.25 395.10 Td (goodwill. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 369.53505859375 m 103.310546875 369.53505859375 l s q 0 0 0 rg BT 50.00 371.10 Td (Restatement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (As ) Tj ET Q q 0 0 0 rg BT 64.23 359.10 Td (described ) Tj ET Q q 0 0 0 rg BT 105.65 359.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.55 359.10 Td (its ) Tj ET Q q 0 0 0 rg BT 128.42 359.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 160.97 359.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 191.30 359.10 Td (on ) Tj ET Q q 0 0 0 rg BT 204.41 359.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 229.20 359.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 252.86 359.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.63 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.96 359.10 Td (year ) Tj ET Q q 0 0 0 rg BT 303.28 359.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 330.27 359.10 Td (December ) Tj ET Q q 0 0 0 rg BT 374.47 359.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 390.08 359.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 415.69 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.02 359.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 473.02 359.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 507.23 359.10 Td (its ) Tj ET Q q 0 0 0 rg BT 519.79 359.10 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 77.73 347.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.45 347.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 160.39 347.10 Td (included ) Tj ET Q q 0 0 0 rg BT 197.56 347.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.07 347.10 Td (its ) Tj ET Q q 0 0 0 rg BT 219.65 347.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 251.82 347.10 Td (Reports ) Tj ET Q q 0 0 0 rg BT 285.66 347.10 Td (on ) Tj ET Q q 0 0 0 rg BT 298.40 347.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 322.80 347.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 346.08 347.10 Td (for ) Tj ET Q q 0 0 0 rg BT 360.48 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.43 347.10 Td (years ) Tj ET Q q 0 0 0 rg BT 399.26 347.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 425.87 347.10 Td (December ) Tj ET Q q 0 0 0 rg BT 469.69 347.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 484.92 347.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 507.66 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.83 347.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 547.56 347.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 90.36 335.10 Td (Reports ) Tj ET Q q 0 0 0 rg BT 123.51 335.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.55 335.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 159.27 335.10 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 181.86 335.10 Td (for ) Tj ET Q q 0 0 0 rg BT 195.57 335.10 Td (each ) Tj ET Q q 0 0 0 rg BT 215.93 335.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 254.06 335.10 Td (period ) Tj ET Q q 0 0 0 rg BT 281.65 335.10 Td (for ) Tj ET Q q 0 0 0 rg BT 295.36 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.62 335.10 Td (years ) Tj ET Q q 0 0 0 rg BT 332.76 335.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 358.68 335.10 Td (December ) Tj ET Q q 0 0 0 rg BT 401.81 335.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 416.35 335.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 438.39 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.88 335.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 479.42 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.90 335.10 Td (for ) Tj ET Q q 0 0 0 rg BT 509.60 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.86 335.10 Td (first ) Tj ET Q q 0 0 0 rg BT 542.02 335.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 84.71 323.10 Td (for ) Tj ET Q q 0 0 0 rg BT 98.87 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.58 323.10 Td (year ) Tj ET Q q 0 0 0 rg BT 133.29 323.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 159.67 323.10 Td (December ) Tj ET Q q 0 0 0 rg BT 203.25 323.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 218.25 323.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 240.75 323.10 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 290.08 323.10 Td (, ) Tj ET Q q 0 0 0 rg BT 295.08 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.79 323.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 351.17 323.10 Td (Periods\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.62 299.10 Td (restatement ) Tj ET Q q 0 0 0 rg BT 117.78 299.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 166.39 299.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 192.23 299.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 215.30 299.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 259.47 299.10 Td (with ) Tj ET Q q 0 0 0 rg BT 280.32 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.61 299.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 343.26 299.10 Td (Content ) Tj ET Q q 0 0 0 rg BT 377.78 299.10 Td (W) Tj ET Q q 0 0 0 rg BT 386.42 299.10 Td (orkflow ) Tj ET Q q 0 0 0 rg BT 421.15 299.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 471.99 299.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 517.28 299.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 553.67 299.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 69.15 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.52 287.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 115.20 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.02 287.10 Td (net ) Tj ET Q q 0 0 0 rg BT 141.27 287.10 Td (them ) Tj ET Q q 0 0 0 rg BT 164.31 287.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 197.89 287.10 Td (against ) Tj ET Q q 0 0 0 rg BT 229.25 287.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 263.93 287.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.75 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.01 287.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 337.63 287.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 391.21 287.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 436.46 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.82 287.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 494.35 287.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 544.25 287.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.79 287.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.03 275.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 138.71 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.07 275.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 171.32 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.80 275.10 Td (its ) Tj ET Q q 0 0 0 rg BT 193.39 275.10 Td (campaign ) Tj ET Q q 0 0 0 rg BT 234.41 275.10 Td (fulfillment ) Tj ET Q q 0 0 0 rg BT 279.32 275.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 320.35 275.10 Td (out ) Tj ET Q q 0 0 0 rg BT 335.27 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.74 275.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 367.33 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.91 275.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 426.60 275.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 464.84 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.42 275.10 Td (into ) Tj ET Q q 0 0 0 rg BT 499.13 275.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 517.38 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.85 275.10 Td (revenue. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.58 263.10 Td (part ) Tj ET Q q 0 0 0 rg BT 81.60 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.40 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.09 263.10 Td (restatement ) Tj ET Q q 0 0 0 rg BT 155.64 263.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 190.60 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.29 263.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 246.65 263.10 Td (also ) Tj ET Q q 0 0 0 rg BT 265.23 263.10 Td (elected ) Tj ET Q q 0 0 0 rg BT 296.01 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.25 263.10 Td (present ) Tj ET Q q 0 0 0 rg BT 337.60 263.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 389.49 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.40 263.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 459.40 263.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 494.08 263.10 Td (as ) Tj ET Q q 0 0 0 rg BT 504.88 263.10 Td (a ) Tj ET Q q 0 0 0 rg BT 511.79 263.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 547.01 263.10 Td (line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (item. ) Tj ET Q q 0 0 0 rg BT 72.56 251.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.57 251.10 Td (restatement ) Tj ET Q q 0 0 0 rg BT 139.13 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.92 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.61 251.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 217.61 251.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 258.40 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.20 251.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 313.32 251.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 350.75 251.10 Td (no ) Tj ET Q q 0 0 0 rg BT 363.22 251.10 Td (change ) Tj ET Q q 0 0 0 rg BT 394.00 251.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.25 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.93 251.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 465.97 251.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 510.66 251.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 546.44 251.10 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.08 239.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 118.88 239.10 Td (net ) Tj ET Q q 0 0 0 rg BT 133.74 239.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 154.44 239.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 172.64 239.10 Td (per ) Tj ET Q q 0 0 0 rg BT 188.05 239.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 214.29 239.10 Td (or ) Tj ET Q q 0 0 0 rg BT 225.26 239.10 Td (on ) Tj ET Q q 0 0 0 rg BT 237.91 239.10 Td (any ) Tj ET Q q 0 0 0 rg BT 254.99 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.96 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.82 239.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 328.04 239.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 381.22 239.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 414.39 239.10 Td (sheets, ) Tj ET Q q 0 0 0 rg BT 443.97 239.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 488.83 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.80 239.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 520.21 239.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 547.57 239.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.01 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.14 227.10 Td (stockholders' ) Tj ET Q q 0 0 0 rg BT 158.28 227.10 Td (equity) Tj ET Q q 0 0 0 rg BT 182.63 227.10 Td (. ) Tj ET Q q 0 0 0 rg BT 186.53 227.10 Td (All ) Tj ET Q q 0 0 0 rg BT 201.10 227.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 236.79 227.10 Td (related ) Tj ET Q q 0 0 0 rg BT 265.79 227.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.36 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.37 227.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 325.60 227.10 Td (Periods ) Tj ET Q q 0 0 0 rg BT 357.40 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.53 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.54 227.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 433.88 227.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 474.00 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.13 227.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 527.58 227.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 77.73 215.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 106.01 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.98 215.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 154.82 215.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 191.46 215.10 Td (as ) Tj ET Q q 0 0 0 rg BT 202.53 215.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 240.25 215.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.78 215.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 276.86 215.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 284.60 215.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.79 215.10 Td (14 ) Tj ET Q q 0 0 0 rg BT 314.54 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.62 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.98 215.10 Td (Audited ) Tj ET Q q 0 0 0 rg BT 374.94 215.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 430.46 215.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 470.42 215.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 517.05 215.10 Td (included ) Tj ET Q q 0 0 0 rg BT 554.23 215.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 203.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 111.25 203.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 143.18 203.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 172.90 203.10 Td (on ) Tj ET Q q 0 0 0 rg BT 185.40 203.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 209.57 203.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 232.62 203.10 Td (for ) Tj ET Q q 0 0 0 rg BT 246.78 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.50 203.10 Td (year ) Tj ET Q q 0 0 0 rg BT 281.21 203.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 307.58 203.10 Td (December ) Tj ET Q q 0 0 0 rg BT 351.17 203.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 366.17 203.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 388.67 203.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 409.49 203.10 Td (on ) Tj ET Q q 0 0 0 rg BT 421.44 203.10 Td (April ) Tj ET Q q 0 0 0 rg BT 445.05 203.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 460.05 203.10 Td (2018. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 177.53505859375002 m 167.5439453125 177.53505859375002 l s q 0 0 0 rg BT 50.00 179.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 74.17 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.80 179.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 116.97 179.10 Td (Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.71 167.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.76 167.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 148.69 167.10 Td (all ) Tj ET Q q 0 0 0 rg BT 160.85 167.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 188.56 167.10 Td (liquid ) Tj ET Q q 0 0 0 rg BT 214.06 167.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 264.00 167.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 306.70 167.10 Td (with ) Tj ET Q q 0 0 0 rg BT 326.64 167.10 Td (a ) Tj ET Q q 0 0 0 rg BT 333.24 167.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 369.28 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.77 167.10 Td (three ) Tj ET Q q 0 0 0 rg BT 401.92 167.10 Td (months ) Tj ET Q q 0 0 0 rg BT 433.53 167.10 Td (or ) Tj ET Q q 0 0 0 rg BT 444.02 167.10 Td (less ) Tj ET Q q 0 0 0 rg BT 461.19 167.10 Td (from ) Tj ET Q q 0 0 0 rg BT 482.79 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.17 167.10 Td (date ) Tj ET Q q 0 0 0 rg BT 515.98 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.47 167.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 155.10 Td (be ) Tj ET Q q 0 0 0 rg BT 72.22 155.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 92.49 155.10 Td (equivalents.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td () Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 129.53505859375002 m 283.69140625 129.53505859375002 l s q 0 0 0 rg BT 50.00 131.10 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 91.94 131.10 Td (Receivable ) Tj ET Q q 0 0 0 rg BT 140.54 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.16 131.10 Td (Concentration ) Tj ET Q q 0 0 0 rg BT 223.32 131.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.15 131.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 245.63 131.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 264.24 131.10 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 89.07 119.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 131.45 119.10 Td (are ) Tj ET Q q 0 0 0 rg BT 144.96 119.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 182.91 119.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 228.65 119.10 Td (due ) Tj ET Q q 0 0 0 rg BT 244.39 119.10 Td (under ) Tj ET Q q 0 0 0 rg BT 268.46 119.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 298.09 119.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 319.37 119.10 Td (terms. ) Tj ET Q q 0 0 0 rg BT 345.39 119.10 Td (Uncollectibility ) Tj ET Q q 0 0 0 rg BT 409.45 119.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.08 119.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 455.37 119.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 497.75 119.10 Td (is ) Tj ET Q q 0 0 0 rg BT 505.72 119.10 Td (not ) Tj ET Q q 0 0 0 rg BT 519.80 119.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (since ) Tj ET Q q 0 0 0 rg BT 74.33 107.10 Td (most ) Tj ET Q q 0 0 0 rg BT 97.55 107.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 141.88 107.10 Td (are ) Tj ET Q q 0 0 0 rg BT 157.87 107.10 Td (bound ) Tj ET Q q 0 0 0 rg BT 186.65 107.10 Td (by ) Tj ET Q q 0 0 0 rg BT 200.42 107.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 236.41 107.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.62 107.10 Td (are ) Tj ET Q q 0 0 0 rg BT 270.61 107.10 Td (required ) Tj ET Q q 0 0 0 rg BT 307.71 107.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.26 107.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 341.37 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.37 107.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 400.03 107.10 Td (for ) Tj ET Q q 0 0 0 rg BT 415.47 107.10 Td (all ) Tj ET Q q 0 0 0 rg BT 429.25 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.24 107.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 469.02 107.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.13 107.10 Td (an ) Tj ET Q q 0 0 0 rg BT 494.35 107.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 553.67 107.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 Td ("assignment," ) Tj ET Q q 0 0 0 rg BT 108.71 95.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 141.75 95.10 Td (as ) Tj ET Q q 0 0 0 rg BT 153.13 95.10 Td (an ) Tj ET Q q 0 0 0 rg BT 165.62 95.10 Td (order ) Tj ET Q q 0 0 0 rg BT 189.77 95.10 Td (created ) Tj ET Q q 0 0 0 rg BT 221.68 95.10 Td (by ) Tj ET Q q 0 0 0 rg BT 234.74 95.10 Td (a ) Tj ET Q q 0 0 0 rg BT 242.23 95.10 Td (marketer ) Tj ET Q q 0 0 0 rg BT 280.81 95.10 Td (for ) Tj ET Q q 0 0 0 rg BT 295.52 95.10 Td (a ) Tj ET Q q 0 0 0 rg BT 303.01 95.10 Td (creator ) Tj ET Q q 0 0 0 rg BT 333.82 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.65 95.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 379.36 95.10 Td (or ) Tj ET Q q 0 0 0 rg BT 390.74 95.10 Td (share ) Tj ET Q q 0 0 0 rg BT 414.89 95.10 Td (content ) Tj ET Q q 0 0 0 rg BT 447.37 95.10 Td (on ) Tj ET Q q 0 0 0 rg BT 460.42 95.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 488.46 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.84 95.10 Td (a ) Tj ET Q q 0 0 0 rg BT 507.33 95.10 Td (marketer) Tj ET Q q 0 0 0 rg BT 542.31 95.10 Td (. ) Tj ET Q q 0 0 0 rg BT 547.87 95.10 Td (If ) Tj ET Q q 0 0 0 rg BT 557.58 95.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 81.42 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.29 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.04 83.10 Td (account ) Tj ET Q q 0 0 0 rg BT 140.67 83.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 173.74 83.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.95 83.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 216.58 83.10 Td (uncollectible, ) Tj ET Q q 0 0 0 rg BT 273.26 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.02 83.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 329.44 83.10 Td (will ) Tj ET Q q 0 0 0 rg BT 347.53 83.10 Td (either ) Tj ET Q q 0 0 0 rg BT 372.83 83.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 404.86 83.10 Td (f ) Tj ET Q q 0 0 0 rg BT 410.73 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.48 83.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 458.01 83.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 482.21 83.10 Td (or ) Tj ET Q q 0 0 0 rg BT 493.07 83.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 526.16 83.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.13 83.10 Td (reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.10 Td (based ) Tj ET Q q 0 0 0 rg BT 75.71 71.10 Td (on ) Tj ET Q q 0 0 0 rg BT 88.65 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.80 71.10 Td (uncollectible ) Tj ET Q q 0 0 0 rg BT 158.39 71.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 190.21 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.48 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.64 71.10 Td (account. ) Tj ET Q q 0 0 0 rg BT 252.96 71.10 Td (The ) Tj ET Q q 0 0 0 rg BT 271.45 71.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 313.27 71.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 348.43 71.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 374.13 71.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 392.07 71.10 Td (through ) Tj ET Q q 0 0 0 rg BT 426.12 71.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 451.82 71.10 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 496.14 71.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 521.84 71.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 547.57 71.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 97.56 59.10 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 146.82 59.10 Td (The ) Tj ET Q q 0 0 0 rg BT 165.49 59.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 207.49 59.10 Td (performs ) Tj ET Q q 0 0 0 rg BT 246.71 59.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 272.59 59.10 Td (evaluations ) Tj ET Q q 0 0 0 rg BT 321.25 59.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.69 59.10 Td (its ) Tj ET Q q 0 0 0 rg BT 345.26 59.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 388.93 59.10 Td (but ) Tj ET Q q 0 0 0 rg BT 404.82 59.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 445.14 59.10 Td (does ) Tj ET Q q 0 0 0 rg BT 466.59 59.10 Td (not ) Tj ET Q q 0 0 0 rg BT 482.48 59.10 Td (require ) Tj ET Q q 0 0 0 rg BT 513.92 59.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 554.23 59.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.10 Td (support ) Tj ET Q q 0 0 0 rg BT 82.80 47.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 120.58 47.10 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 166.95 47.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 221.95 47.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 268.62 47.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.63 47.10 Td (collectibility ) Tj ET Q q 0 0 0 rg BT 336.97 47.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.09 47.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 385.87 47.10 Td (by ) Tj ET Q q 0 0 0 rg BT 398.67 47.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 437.56 47.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 482.00 47.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 525.35 47.10 Td (customer ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 97.47 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.41 731.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 163.57 731.10 Td (a ) Tj ET Q q 0 0 0 rg BT 170.51 731.10 Td (customer) Tj ET Q q 0 0 0 rg BT 207.54 731.10 Td () Tj ET Q q 0 0 0 rg BT 210.31 731.10 Td (s ) Tj ET Q q 0 0 0 rg BT 216.71 731.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 254.19 731.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 296.96 731.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 322.23 731.10 Td (history ) Tj ET Q q 0 0 0 rg BT 352.51 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.45 731.10 Td (current ) Tj ET Q q 0 0 0 rg BT 400.27 731.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 441.64 731.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 488.12 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 506.17 731.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 547.56 731.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (a ) Tj ET Q q 0 0 0 rg BT 58.36 719.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 91.15 719.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.41 719.10 Td ($317,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.91 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.83 719.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.20 719.10 Td ($189,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.70 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.62 719.10 Td (for ) Tj ET Q q 0 0 0 rg BT 220.20 719.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 258.02 719.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 296.93 719.10 Td (as ) Tj ET Q q 0 0 0 rg BT 309.18 719.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.43 719.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 383.12 719.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.12 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.05 719.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.41 719.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 485.42 719.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.42 719.10 Td (, ) Tj ET Q q 0 0 0 rg BT 511.84 719.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.50 719.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 104.83 707.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 140.23 707.10 Td (that ) Tj ET Q q 0 0 0 rg BT 157.85 707.10 Td (this ) Tj ET Q q 0 0 0 rg BT 174.93 707.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 210.88 707.10 Td (is ) Tj ET Q q 0 0 0 rg BT 220.18 707.10 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 268.07 707.10 Td (but ) Tj ET Q q 0 0 0 rg BT 283.48 707.10 Td (there ) Tj ET Q q 0 0 0 rg BT 306.09 707.10 Td (can ) Tj ET Q q 0 0 0 rg BT 322.60 707.10 Td (be ) Tj ET Q q 0 0 0 rg BT 334.67 707.10 Td (no ) Tj ET Q q 0 0 0 rg BT 347.30 707.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 388.80 707.10 Td (that ) Tj ET Q q 0 0 0 rg BT 406.43 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.27 707.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 457.23 707.10 Td (will ) Tj ET Q q 0 0 0 rg BT 475.41 707.10 Td (not ) Tj ET Q q 0 0 0 rg BT 490.82 707.10 Td (change ) Tj ET Q q 0 0 0 rg BT 521.77 707.10 Td (as ) Tj ET Q q 0 0 0 rg BT 532.73 707.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.80 707.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.40 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 68.90 695.10 Td (change ) Tj ET Q q 0 0 0 rg BT 100.28 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 111.12 695.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 153.06 695.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 197.79 695.10 Td (or ) Tj ET Q q 0 0 0 rg BT 209.19 695.10 Td (business ) Tj ET Q q 0 0 0 rg BT 246.14 695.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 290.88 695.10 Td (within ) Tj ET Q q 0 0 0 rg BT 319.50 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.78 695.10 Td (industry) Tj ET Q q 0 0 0 rg BT 366.91 695.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.47 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.76 695.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 431.37 695.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 474.99 695.10 Td (or ) Tj ET Q q 0 0 0 rg BT 486.38 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.66 695.10 Td (Company) Tj ET Q q 0 0 0 rg BT 539.90 695.10 Td (. ) Tj ET Q q 0 0 0 rg BT 544.79 695.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 99.79 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.59 683.10 Td (this ) Tj ET Q q 0 0 0 rg BT 126.06 683.10 Td (account ) Tj ET Q q 0 0 0 rg BT 159.17 683.10 Td (are ) Tj ET Q q 0 0 0 rg BT 173.40 683.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 210.39 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.18 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.42 683.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 286.98 683.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 331.21 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.56 683.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 385.23 683.10 Td (as ) Tj ET Q q 0 0 0 rg BT 395.58 683.10 Td (a ) Tj ET Q q 0 0 0 rg BT 402.04 683.10 Td (general ) Tj ET Q q 0 0 0 rg BT 433.48 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.94 683.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 509.17 683.10 Td (expense. ) Tj ET Q q 0 0 0 rg BT 545.89 683.10 Td (Bad ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.72 671.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 104.42 671.10 Td (was ) Tj ET Q q 0 0 0 rg BT 122.48 671.10 Td (less ) Tj ET Q q 0 0 0 rg BT 139.98 671.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.69 671.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.52 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.35 671.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 220.50 671.10 Td (for ) Tj ET Q q 0 0 0 rg BT 234.66 671.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.38 671.10 Td (three ) Tj ET Q q 0 0 0 rg BT 271.86 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.80 671.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 308.52 671.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.96 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.46 671.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.84 671.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 427.10 671.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.10 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 449.60 671.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.54 671.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.54 671.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.10 Td (Concentrations ) Tj ET Q q 0 0 0 rg BT 113.23 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.25 647.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 149.70 647.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 167.39 647.10 Td (with ) Tj ET Q q 0 0 0 rg BT 187.86 647.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 218.87 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.33 647.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 267.01 647.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 310.78 647.10 Td (are ) Tj ET Q q 0 0 0 rg BT 325.67 647.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 363.35 647.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 394.37 647.10 Td (because ) Tj ET Q q 0 0 0 rg BT 428.71 647.10 Td (a ) Tj ET Q q 0 0 0 rg BT 435.84 647.10 Td (lar) Tj ET Q q 0 0 0 rg BT 446.20 647.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 458.33 647.10 Td (number ) Tj ET Q q 0 0 0 rg BT 491.57 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.59 647.10 Td (geographically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.10 Td (diverse ) Tj ET Q q 0 0 0 rg BT 81.60 635.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 124.86 635.10 Td (make ) Tj ET Q q 0 0 0 rg BT 149.24 635.10 Td (up ) Tj ET Q q 0 0 0 rg BT 161.95 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.89 635.10 Td (Company) Tj ET Q q 0 0 0 rg BT 218.55 635.10 Td (s ) Tj ET Q q 0 0 0 rg BT 225.17 635.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 264.54 635.10 Td (base, ) Tj ET Q q 0 0 0 rg BT 287.53 635.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 306.92 635.10 Td (spreading ) Tj ET Q q 0 0 0 rg BT 348.51 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.45 635.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 386.15 635.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 411.63 635.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 431.85 635.10 Td (However) Tj ET Q q 0 0 0 rg BT 468.10 635.10 Td (, ) Tj ET Q q 0 0 0 rg BT 473.32 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.26 635.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 529.86 635.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.02 635.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 623.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 93.38 623.10 Td (that ) Tj ET Q q 0 0 0 rg BT 111.21 623.10 Td (together ) Tj ET Q q 0 0 0 rg BT 146.81 623.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 190.18 623.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.68 623.10 Td (39%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.01 623.10 Td ( ) Tj ET Q q 0 0 0 rg BT 225.84 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.01 623.10 Td (total ) Tj ET Q q 0 0 0 rg BT 257.62 623.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 295.44 623.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 339.36 623.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.41 623.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 410.01 623.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.01 623.10 Td (. ) Tj ET Q q 0 0 0 rg BT 435.14 623.10 Td (The ) Tj ET Q q 0 0 0 rg BT 453.52 623.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 495.24 623.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.52 623.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.52 623.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.35 623.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.56 611.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 108.67 611.10 Td (for ) Tj ET Q q 0 0 0 rg BT 121.89 611.10 Td (more ) Tj ET Q q 0 0 0 rg BT 144.01 611.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.80 611.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.13 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.69 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.59 611.10 Td (total ) Tj ET Q q 0 0 0 rg BT 211.94 611.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 248.49 611.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 291.14 611.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.92 611.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 357.58 611.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.58 611.10 Td (. ) Tj ET Q q 0 0 0 rg BT 381.53 611.10 Td (The ) Tj ET Q q 0 0 0 rg BT 398.65 611.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 439.10 611.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.11 611.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.11 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.68 611.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 504.90 611.10 Td (that ) Tj ET Q q 0 0 0 rg BT 521.47 611.10 Td (accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.38 599.10 Td (more ) Tj ET Q q 0 0 0 rg BT 87.64 599.10 Td (than ) Tj ET Q q 0 0 0 rg BT 107.58 599.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.91 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.63 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.68 599.10 Td (its ) Tj ET Q q 0 0 0 rg BT 151.84 599.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 186.21 599.10 Td (during ) Tj ET Q q 0 0 0 rg BT 215.04 599.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.97 599.10 Td (three ) Tj ET Q q 0 0 0 rg BT 252.68 599.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.12 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.84 599.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.44 599.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 371.92 599.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.92 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.64 599.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 599.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.24 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.95 599.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 468.33 599.10 Td (that ) Tj ET Q q 0 0 0 rg BT 486.04 599.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 529.29 599.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.67 599.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.01 587.10 Td (its ) Tj ET Q q 0 0 0 rg BT 71.15 587.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 104.48 587.10 Td (during ) Tj ET Q q 0 0 0 rg BT 132.27 587.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.17 587.10 Td (three ) Tj ET Q q 0 0 0 rg BT 167.84 587.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.29 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.97 587.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.54 587.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 283.98 587.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.98 587.10 Td (. ) Tj ET Q q 0 0 0 rg BT 308.05 587.10 Td (The ) Tj ET Q q 0 0 0 rg BT 325.28 587.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 365.85 587.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.97 587.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.97 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.66 587.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 432.00 587.10 Td (that ) Tj ET Q q 0 0 0 rg BT 448.68 587.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 490.89 587.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.24 587.10 Td (more ) Tj ET Q q 0 0 0 rg BT 526.47 587.10 Td (than10%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 575.10 Td (its ) Tj ET Q q 0 0 0 rg BT 72.78 575.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 106.92 575.10 Td (during ) Tj ET Q q 0 0 0 rg BT 135.53 575.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.25 575.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 169.97 575.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.41 575.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.91 575.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.29 575.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 288.55 575.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.55 575.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.05 575.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.99 575.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.99 575.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 549.53505859375 m 159.55078125 549.53505859375 l s q 0 0 0 rg BT 50.00 551.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 551.10 Td (operty ) Tj ET Q q 0 0 0 rg BT 90.63 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.26 551.10 Td (Equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (Property ) Tj ET Q q 0 0 0 rg BT 85.98 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.96 539.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 145.71 539.10 Td (are ) Tj ET Q q 0 0 0 rg BT 159.46 539.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 195.97 539.10 Td (at ) Tj ET Q q 0 0 0 rg BT 204.73 539.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 224.88 539.10 Td (or ) Tj ET Q q 0 0 0 rg BT 234.75 539.10 Td (if ) Tj ET Q q 0 0 0 rg BT 242.40 539.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 278.36 539.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.68 539.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.66 539.10 Td (business ) Tj ET Q q 0 0 0 rg BT 329.09 539.10 Td (combination, ) Tj ET Q q 0 0 0 rg BT 383.13 539.10 Td (at ) Tj ET Q q 0 0 0 rg BT 391.88 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.64 539.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 451.06 539.10 Td (date ) Tj ET Q q 0 0 0 rg BT 469.26 539.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 484.68 539.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 510.37 539.10 Td (Depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 527.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 119.98 527.10 Td (is ) Tj ET Q q 0 0 0 rg BT 129.15 527.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 171.08 527.10 Td (using ) Tj ET Q q 0 0 0 rg BT 195.25 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.97 527.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 260.79 527.10 Td (method ) Tj ET Q q 0 0 0 rg BT 293.28 527.10 Td (over ) Tj ET Q q 0 0 0 rg BT 313.55 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.27 527.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 369.09 527.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 396.03 527.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 417.41 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.24 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.96 527.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 468.79 527.10 Td (as ) Tj ET Q q 0 0 0 rg BT 479.62 527.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 516.60 455.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 516.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 488.60 455.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 488.60 57.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 516.6 m 50.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 516.6 m 505.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 516.6 m 562.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 516.6 m 562.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 502.6 m 50.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 502.6 m 562.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 488.6 m 50.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 488.6 m 562.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 474.6 m 50.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 460.6 m 505.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 474.6 m 562.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 460.6 m 562.5 460.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 507.17 Td (Computer Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.40 507.17 Td (3 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.17 Td (Software Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.05 493.17 Td (3 - 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 479.17 Td (Of) Tj ET Q q 0 0 0 rg BT 63.46 479.17 Td (fice Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.05 479.17 Td (3 - 10 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 465.17 Td (Furniture and Fixtures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.05 465.17 Td (5 - 10 years) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (Leasehold ) Tj ET Q q 0 0 0 rg BT 93.19 437.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 152.50 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 166.80 437.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 208.87 437.10 Td (over ) Tj ET Q q 0 0 0 rg BT 228.74 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.05 437.10 Td (shorter ) Tj ET Q q 0 0 0 rg BT 272.91 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.33 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.65 437.10 Td (term ) Tj ET Q q 0 0 0 rg BT 318.07 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.49 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.80 437.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 364.88 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 375.31 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.62 437.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 430.03 437.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 456.57 437.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 477.55 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.97 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.29 437.10 Td (improvements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (Property ) Tj ET Q q 0 0 0 rg BT 88.38 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.75 425.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 152.91 425.10 Td (under ) Tj ET Q q 0 0 0 rg BT 179.61 425.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 210.20 425.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 238.02 425.10 Td (are ) Tj ET Q q 0 0 0 rg BT 254.16 425.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 304.18 425.10 Td (over ) Tj ET Q q 0 0 0 rg BT 325.89 425.10 Td (their ) Tj ET Q q 0 0 0 rg BT 348.15 425.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 390.41 425.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 418.79 425.10 Td (lives. ) Tj ET Q q 0 0 0 rg BT 444.12 425.10 Td (Expenditures ) Tj ET Q q 0 0 0 rg BT 500.82 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.42 425.10 Td (repairs ) Tj ET Q q 0 0 0 rg BT 547.56 425.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 104.37 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 120.42 413.10 Td (char) Tj ET Q q 0 0 0 rg BT 137.45 413.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 155.73 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.36 413.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 203.41 413.10 Td (as ) Tj ET Q q 0 0 0 rg BT 215.58 413.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 255.24 413.10 Td (Expenditures ) Tj ET Q q 0 0 0 rg BT 311.85 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 327.36 413.10 Td (betterments ) Tj ET Q q 0 0 0 rg BT 377.85 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.13 413.10 Td (major ) Tj ET Q q 0 0 0 rg BT 423.30 413.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 484.36 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 500.41 413.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 547.56 413.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 97.88 401.10 Td (over ) Tj ET Q q 0 0 0 rg BT 117.44 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.46 401.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 173.79 401.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 200.03 401.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 220.71 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.84 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.85 401.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 272.35 401.10 Td (The ) Tj ET Q q 0 0 0 rg BT 289.69 401.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 324.81 401.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 360.49 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.62 401.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 395.74 401.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 414.21 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 424.34 401.10 Td (retired ) Tj ET Q q 0 0 0 rg BT 452.23 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.46 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.48 401.10 Td (related ) Tj ET Q q 0 0 0 rg BT 511.48 401.10 Td (accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 101.82 389.10 Td (are ) Tj ET Q q 0 0 0 rg BT 116.43 389.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 161.04 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.23 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.85 389.10 Td (year ) Tj ET Q q 0 0 0 rg BT 205.46 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.19 389.10 Td (disposal, ) Tj ET Q q 0 0 0 rg BT 253.87 389.10 Td (with ) Tj ET Q q 0 0 0 rg BT 274.06 389.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 311.46 389.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 334.97 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 345.70 389.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 372.00 389.10 Td (included ) Tj ET Q q 0 0 0 rg BT 408.83 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.02 389.10 Td (general ) Tj ET Q q 0 0 0 rg BT 450.84 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.69 389.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 527.30 389.10 Td (expense. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 105.92 365.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 142.41 365.10 Td (on ) Tj ET Q q 0 0 0 rg BT 156.70 365.10 Td (property ) Tj ET Q q 0 0 0 rg BT 194.86 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.58 365.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 260.07 365.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 299.33 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.39 365.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 365.10 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.82 365.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 438.64 365.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 475.13 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.19 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.69 365.10 Td (accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 104.44 353.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 150.55 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.78 353.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 208.33 353.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.79 353.10 Td ($55,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.29 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.18 353.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.52 353.10 Td ($50,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.02 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 318.92 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.48 353.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.60 353.10 Td (three ) Tj ET Q q 0 0 0 rg BT 374.48 353.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.93 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.83 353.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.60 353.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 497.27 353.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.27 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 521.16 353.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 353.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 353.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 341.10 Td (. ) Tj ET Q q 0 0 0 rg BT 105.03 341.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 161.53 341.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 198.60 341.10 Td (on ) Tj ET Q q 0 0 0 rg BT 213.47 341.10 Td (property ) Tj ET Q q 0 0 0 rg BT 252.21 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.52 341.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 318.59 341.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 358.43 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.08 341.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 425.36 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.67 341.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 500.07 341.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 537.14 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 341.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 110.56 329.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 163.36 329.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 207.82 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.40 329.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 262.31 329.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.12 329.10 Td ($167,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.62 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.87 329.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.56 329.10 Td ($163,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.06 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 376.31 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 390.22 329.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.69 329.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 424.16 329.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.61 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.86 329.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.99 329.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 542.01 329.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.13 317.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.13 317.10 Td (, ) Tj ET Q q 0 0 0 rg BT 90.31 317.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 137.97 317.10 Td (. ) Tj ET Q q 0 0 0 rg BT 142.16 317.10 Td (Property ) Tj ET Q q 0 0 0 rg BT 178.29 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.41 317.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 238.31 317.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.67 317.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 283.33 317.10 Td (net ) Tj ET Q q 0 0 0 rg BT 297.23 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.25 317.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 359.47 317.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 410.57 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.70 317.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 478.92 317.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 514.49 317.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.51 317.10 Td ($944,568) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 305.10 Td ($790,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.44 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.94 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 117.77 305.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.60 305.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 188.86 305.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.86 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.36 305.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.30 305.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 286.88 305.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.88 305.10 Td (, ) Tj ET Q q 0 0 0 rg BT 311.88 305.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 359.55 305.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 279.53505859375 m 209.21875 279.53505859375 l s q 0 0 0 rg BT 50.00 281.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 91.40 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.02 281.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 149.20 281.10 Td (Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 90.82 269.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 134.39 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.65 269.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 178.79 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.15 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.41 269.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 243.98 269.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 300.90 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.26 269.10 Td (an ) Tj ET Q q 0 0 0 rg BT 324.74 269.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 362.20 269.10 Td (business ) Tj ET Q q 0 0 0 rg BT 399.13 269.10 Td (over ) Tj ET Q q 0 0 0 rg BT 419.94 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.20 269.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 452.11 269.10 Td (value ) Tj ET Q q 0 0 0 rg BT 476.81 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.17 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.43 269.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 549.79 269.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 86.20 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.62 257.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 148.60 257.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 178.12 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 197.66 257.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 240.53 257.10 Td (has ) Tj ET Q q 0 0 0 rg BT 257.84 257.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 297.39 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.15 257.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 357.01 257.10 Td (with ) Tj ET Q q 0 0 0 rg BT 378.77 257.10 Td (its ) Tj ET Q q 0 0 0 rg BT 392.20 257.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 443.96 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.28 257.10 Td (Ebyline, ) Tj ET Q q 0 0 0 rg BT 493.87 257.10 Td (ZenContent, ) Tj ET Q q 0 0 0 rg BT 547.56 257.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 245.10 Td (apInfluence. ) Tj ET Q q 0 0 0 rg BT 107.88 245.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 148.43 245.10 Td (is ) Tj ET Q q 0 0 0 rg BT 157.87 245.10 Td (not ) Tj ET Q q 0 0 0 rg BT 173.42 245.10 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 218.67 245.10 Td (but ) Tj ET Q q 0 0 0 rg BT 234.22 245.10 Td (instead ) Tj ET Q q 0 0 0 rg BT 265.32 245.10 Td (it ) Tj ET Q q 0 0 0 rg BT 273.65 245.10 Td (is ) Tj ET Q q 0 0 0 rg BT 283.09 245.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 309.19 245.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.62 245.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 372.49 245.10 Td (at ) Tj ET Q q 0 0 0 rg BT 382.48 245.10 Td (least ) Tj ET Q q 0 0 0 rg BT 403.58 245.10 Td (annually) Tj ET Q q 0 0 0 rg BT 437.36 245.10 Td (. ) Tj ET Q q 0 0 0 rg BT 442.64 245.10 Td (In ) Tj ET Q q 0 0 0 rg BT 453.74 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.73 245.10 Td (event ) Tj ET Q q 0 0 0 rg BT 493.16 245.10 Td (that ) Tj ET Q q 0 0 0 rg BT 510.92 245.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 95.64 233.10 Td (that ) Tj ET Q q 0 0 0 rg BT 112.41 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.39 233.10 Td (value ) Tj ET Q q 0 0 0 rg BT 149.82 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.92 233.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 197.25 233.10 Td (has ) Tj ET Q q 0 0 0 rg BT 212.35 233.10 Td (become ) Tj ET Q q 0 0 0 rg BT 245.21 233.10 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 285.02 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.01 233.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 339.67 233.10 Td (will ) Tj ET Q q 0 0 0 rg BT 356.99 233.10 Td (record ) Tj ET Q q 0 0 0 rg BT 384.30 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 390.51 233.10 Td (char) Tj ET Q q 0 0 0 rg BT 407.53 233.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 418.74 233.10 Td (for ) Tj ET Q q 0 0 0 rg BT 432.17 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.16 233.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 477.92 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.02 233.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 535.89 233.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 221.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 88.87 221.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 119.69 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.97 221.10 Td (which ) Tj ET Q q 0 0 0 rg BT 156.90 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.62 221.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 229.66 221.10 Td (is ) Tj ET Q q 0 0 0 rg BT 238.83 221.10 Td (made.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.32 197.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.98 197.10 Td (performs ) Tj ET Q q 0 0 0 rg BT 145.85 197.10 Td (its ) Tj ET Q q 0 0 0 rg BT 157.07 197.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 185.50 197.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 233.37 197.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 252.92 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.02 197.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 300.35 197.10 Td (during ) Tj ET Q q 0 0 0 rg BT 328.23 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.22 197.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 368.43 197.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 398.52 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.62 197.10 Td (each ) Tj ET Q q 0 0 0 rg BT 428.71 197.10 Td (year) Tj ET Q q 0 0 0 rg BT 445.52 197.10 Td (, ) Tj ET Q q 0 0 0 rg BT 449.79 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 459.89 197.10 Td (more ) Tj ET Q q 0 0 0 rg BT 482.21 197.10 Td (frequently) Tj ET Q q 0 0 0 rg BT 522.66 197.10 Td (, ) Tj ET Q q 0 0 0 rg BT 526.93 197.10 Td (if ) Tj ET Q q 0 0 0 rg BT 534.81 197.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 91.68 185.10 Td (are ) Tj ET Q q 0 0 0 rg BT 106.13 185.10 Td (present. ) Tj ET Q q 0 0 0 rg BT 139.75 185.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 179.77 185.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.68 185.10 Td (required ) Tj ET Q q 0 0 0 rg BT 224.24 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.26 185.10 Td (be ) Tj ET Q q 0 0 0 rg BT 245.94 185.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 271.51 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 285.41 185.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 333.75 185.10 Td (at ) Tj ET Q q 0 0 0 rg BT 343.21 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.67 185.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 396.57 185.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 414.37 185.10 Td (level. ) Tj ET Q q 0 0 0 rg BT 438.05 185.10 Td (A) Tj ET Q q 0 0 0 rg BT 444.72 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.96 185.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 485.86 185.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 503.66 185.10 Td (is ) Tj ET Q q 0 0 0 rg BT 512.57 185.10 Td (an ) Tj ET Q q 0 0 0 rg BT 524.25 185.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 85.49 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 95.98 173.10 Td (one ) Tj ET Q q 0 0 0 rg BT 112.58 173.10 Td (level ) Tj ET Q q 0 0 0 rg BT 134.17 173.10 Td (below ) Tj ET Q q 0 0 0 rg BT 160.77 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.15 173.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 215.07 173.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 250.56 173.10 Td (level, ) Tj ET Q q 0 0 0 rg BT 274.65 173.10 Td (which ) Tj ET Q q 0 0 0 rg BT 301.25 173.10 Td (is ) Tj ET Q q 0 0 0 rg BT 310.08 173.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 343.88 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.82 173.10 Td (as ) Tj ET Q q 0 0 0 rg BT 364.31 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 370.91 173.10 Td (component. ) Tj ET Q q 0 0 0 rg BT 420.00 173.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 474.36 173.10 Td (identifies ) Tj ET Q q 0 0 0 rg BT 513.74 173.10 Td (its ) Tj ET Q q 0 0 0 rg BT 525.34 173.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (units ) Tj ET Q q 0 0 0 rg BT 71.44 161.10 Td (by ) Tj ET Q q 0 0 0 rg BT 83.43 161.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 122.64 161.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 156.84 161.10 Td (components ) Tj ET Q q 0 0 0 rg BT 207.15 161.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 218.58 161.10 Td (have ) Tj ET Q q 0 0 0 rg BT 239.45 161.10 Td (discrete ) Tj ET Q q 0 0 0 rg BT 272.53 161.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 309.50 161.10 Td (information ) Tj ET Q q 0 0 0 rg BT 358.70 161.10 Td (available; ) Tj ET Q q 0 0 0 rg BT 399.56 161.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 413.76 161.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 444.07 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.84 161.10 Td (business ) Tj ET Q q 0 0 0 rg BT 489.72 161.10 Td (activities; ) Tj ET Q q 0 0 0 rg BT 530.59 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 547.01 161.10 Td (\(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 84.64 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.52 149.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 127.28 149.10 Td (manager ) Tj ET Q q 0 0 0 rg BT 164.14 149.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 202.67 149.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 236.20 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.85 149.10 Td (component's ) Tj ET Q q 0 0 0 rg BT 303.42 149.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 343.61 149.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 374.66 149.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 391.53 149.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 417.30 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.17 149.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 472.16 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.93 149.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 519.79 149.10 Td (businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (are ) Tj ET Q q 0 0 0 rg BT 65.02 137.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 103.93 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.52 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.56 137.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 169.03 137.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 187.40 137.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 231.31 137.10 Td (with ) Tj ET Q q 0 0 0 rg BT 251.91 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.94 137.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 304.18 137.10 Td (business ) Tj ET Q q 0 0 0 rg BT 340.89 137.10 Td (based ) Tj ET Q q 0 0 0 rg BT 366.47 137.10 Td (on ) Tj ET Q q 0 0 0 rg BT 379.29 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.32 137.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 441.01 137.10 Td (or) Tj ET Q q 0 0 0 rg BT 449.16 137.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 500.84 137.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 538.64 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 137.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 90.79 125.10 Td (entities. ) Tj ET Q q 0 0 0 rg BT 123.54 125.10 Td (If ) Tj ET Q q 0 0 0 rg BT 131.56 125.10 Td (two ) Tj ET Q q 0 0 0 rg BT 147.92 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.61 125.10 Td (more ) Tj ET Q q 0 0 0 rg BT 179.52 125.10 Td (components ) Tj ET Q q 0 0 0 rg BT 229.21 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 242.78 125.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 275.23 125.10 Td (economically ) Tj ET Q q 0 0 0 rg BT 330.46 125.10 Td (similar) Tj ET Q q 0 0 0 rg BT 357.83 125.10 Td (, ) Tj ET Q q 0 0 0 rg BT 361.69 125.10 Td (those ) Tj ET Q q 0 0 0 rg BT 384.16 125.10 Td (components ) Tj ET Q q 0 0 0 rg BT 433.85 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 447.42 125.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 492.64 125.10 Td (into ) Tj ET Q q 0 0 0 rg BT 509.56 125.10 Td (one ) Tj ET Q q 0 0 0 rg BT 525.36 125.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 67.37 113.10 Td (when ) Tj ET Q q 0 0 0 rg BT 90.84 113.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 137.64 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.67 113.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 180.14 113.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 217.51 113.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 265.43 113.10 Td (review) Tj ET Q q 0 0 0 rg BT 291.98 113.10 Td (. ) Tj ET Q q 0 0 0 rg BT 296.17 113.10 Td (The ) Tj ET Q q 0 0 0 rg BT 313.53 113.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 354.23 113.10 Td (has ) Tj ET Q q 0 0 0 rg BT 369.37 113.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 416.17 113.10 Td (that ) Tj ET Q q 0 0 0 rg BT 432.98 113.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 454.23 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.82 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.07 113.10 Td (after ) Tj ET Q q 0 0 0 rg BT 500.20 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.23 113.10 Td (acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.71 101.10 Td (Ebyline ) Tj ET Q q 0 0 0 rg BT 94.20 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.02 101.10 Td (ZenContent, ) Tj ET Q q 0 0 0 rg BT 163.12 101.10 Td (it ) Tj ET Q q 0 0 0 rg BT 171.06 101.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.88 101.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.32 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.71 101.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 243.75 101.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 264.19 101.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 312.68 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.84 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.44 101.10 Td (mer) Tj ET Q q 0 0 0 rg BT 352.81 101.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 367.96 101.10 Td (with ) Tj ET Q q 0 0 0 rg BT 387.95 101.10 Td (T) Tj ET Q q 0 0 0 rg BT 393.36 101.10 Td (apInfluence, ) Tj ET Q q 0 0 0 rg BT 445.44 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.04 101.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 501.31 101.10 Td (has ) Tj ET Q q 0 0 0 rg BT 517.03 101.10 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.24 89.10 Td (it ) Tj ET Q q 0 0 0 rg BT 75.04 89.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.61 89.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.61 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.86 89.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 146.76 89.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 170.95 89.10 Td (See ) Tj ET Q q 0 0 0 rg BT 187.63 89.10 Td (further ) Tj ET Q q 0 0 0 rg BT 217.08 89.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 260.99 89.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 301.55 89.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 337.12 89.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 376.02 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.04 89.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 407.72 89.10 Td (9. ) Tj ET Q q 0 0 0 rg BT 417.47 89.10 Td (For ) Tj ET Q q 0 0 0 rg BT 433.60 89.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.06 89.10 Td (three ) Tj ET Q q 0 0 0 rg BT 470.29 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.98 89.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 506.44 89.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.88 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.13 89.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 110.26 77.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.26 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.76 77.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.70 77.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.70 77.10 Td (, ) Tj ET Q q 0 0 0 rg BT 174.70 77.10 Td (there ) Tj ET Q q 0 0 0 rg BT 197.19 77.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.12 77.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.12 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.62 77.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 280.21 77.10 Td (char) Tj ET Q q 0 0 0 rg BT 297.24 77.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 313.07 77.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 356.67 77.10 Td (with ) Tj ET Q q 0 0 0 rg BT 376.94 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.66 77.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 438.74 77.10 Td (goodwill.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 729.68505859375 m 122.5146484375 729.68505859375 l s q 0 0 0 rg BT 50.00 731.25 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 95.85 731.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.46 719.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.26 719.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 147.60 719.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.73 719.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 199.53 719.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.78 719.25 Td (its ) Tj ET Q q 0 0 0 rg BT 223.14 719.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 266.04 719.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 292.29 719.25 Td (through ) Tj ET Q q 0 0 0 rg BT 326.31 719.25 Td (its ) Tj ET Q q 0 0 0 rg BT 338.68 719.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 389.37 719.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.61 719.25 Td (Ebyline, ) Tj ET Q q 0 0 0 rg BT 437.13 719.25 Td (ZenContent, ) Tj ET Q q 0 0 0 rg BT 489.76 719.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.90 719.25 Td (T) Tj ET Q q 0 0 0 rg BT 512.31 719.25 Td (apInfluence. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 707.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.43 707.25 Td (is ) Tj ET Q q 0 0 0 rg BT 118.60 707.25 Td (amortizing ) Tj ET Q q 0 0 0 rg BT 164.42 707.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.14 707.25 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 227.18 707.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 269.67 707.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 295.50 707.25 Td (over ) Tj ET Q q 0 0 0 rg BT 315.77 707.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 347.71 707.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.54 707.25 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.54 707.25 Td ( ) Tj ET Q q 0 0 0 rg BT 371.04 707.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.31 707.25 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.31 707.25 Td ( ) Tj ET Q q 0 0 0 rg BT 393.81 707.25 Td (months. ) Tj ET Q q 0 0 0 rg BT 428.26 707.25 Td (See ) Tj ET Q q 0 0 0 rg BT 445.20 707.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 467.14 707.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 474.64 707.25 Td (for ) Tj ET Q q 0 0 0 rg BT 488.80 707.25 Td (further ) Tj ET Q q 0 0 0 rg BT 518.51 707.25 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 103.92 683.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 136.74 683.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 179.56 683.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 207.12 683.25 Td (including ) Tj ET Q q 0 0 0 rg BT 246.61 683.25 Td (property ) Tj ET Q q 0 0 0 rg BT 282.21 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.36 683.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 344.80 683.25 Td (software ) Tj ET Q q 0 0 0 rg BT 380.95 683.25 Td (development ) Tj ET Q q 0 0 0 rg BT 434.32 683.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 456.04 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.20 683.25 Td (other ) Tj ET Q q 0 0 0 rg BT 494.46 683.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 536.17 683.25 Td (assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.33 671.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 113.10 671.25 Td (whenever ) Tj ET Q q 0 0 0 rg BT 154.63 671.25 Td (events ) Tj ET Q q 0 0 0 rg BT 182.85 671.25 Td (or ) Tj ET Q q 0 0 0 rg BT 193.85 671.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 228.72 671.25 Td (in ) Tj ET Q q 0 0 0 rg BT 239.17 671.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 298.48 671.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 332.80 671.25 Td (that ) Tj ET Q q 0 0 0 rg BT 350.46 671.25 Td (their ) Tj ET Q q 0 0 0 rg BT 371.45 671.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 407.44 671.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 443.99 671.25 Td (may ) Tj ET Q q 0 0 0 rg BT 463.88 671.25 Td (not ) Tj ET Q q 0 0 0 rg BT 479.32 671.25 Td (be ) Tj ET Q q 0 0 0 rg BT 491.43 671.25 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 543.23 671.25 Td (If ) Tj ET Q q 0 0 0 rg BT 552.56 671.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 93.29 659.25 Td (is ) Tj ET Q q 0 0 0 rg BT 101.60 659.25 Td (required, ) Tj ET Q q 0 0 0 rg BT 139.06 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.92 659.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 192.88 659.25 Td (future ) Tj ET Q q 0 0 0 rg BT 218.39 659.25 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 273.36 659.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 292.77 659.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 316.63 659.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 359.37 659.25 Td (with ) Tj ET Q q 0 0 0 rg BT 378.78 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.64 659.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 413.72 659.25 Td (are ) Tj ET Q q 0 0 0 rg BT 427.57 659.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 468.63 659.25 Td (with ) Tj ET Q q 0 0 0 rg BT 488.05 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.91 659.25 Td (asset's ) Tj ET Q q 0 0 0 rg BT 528.68 659.25 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.39 647.25 Td (to ) Tj ET Q q 0 0 0 rg BT 92.56 647.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 134.94 647.25 Td (if ) Tj ET Q q 0 0 0 rg BT 143.44 647.25 Td (there ) Tj ET Q q 0 0 0 rg BT 165.82 647.25 Td (has ) Tj ET Q q 0 0 0 rg BT 181.55 647.25 Td (been ) Tj ET Q q 0 0 0 rg BT 202.82 647.25 Td (an ) Tj ET Q q 0 0 0 rg BT 214.65 647.25 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 265.65 647.25 Td (which ) Tj ET Q q 0 0 0 rg BT 292.48 647.25 Td (is ) Tj ET Q q 0 0 0 rg BT 301.55 647.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 344.47 647.25 Td (as ) Tj ET Q q 0 0 0 rg BT 355.19 647.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.80 647.25 Td (dif) Tj ET Q q 0 0 0 rg BT 380.73 647.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 412.54 647.25 Td (between ) Tj ET Q q 0 0 0 rg BT 448.25 647.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.86 647.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 479.14 647.25 Td (value ) Tj ET Q q 0 0 0 rg BT 503.19 647.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.91 647.25 Td (an ) Tj ET Q q 0 0 0 rg BT 525.74 647.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 547.58 647.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.25 Td (its ) Tj ET Q q 0 0 0 rg BT 62.16 635.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 98.19 635.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 125.06 635.25 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 166.65 635.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.69 635.25 Td (future ) Tj ET Q q 0 0 0 rg BT 204.28 635.25 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 260.32 635.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 280.80 635.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 305.73 635.25 Td (are ) Tj ET Q q 0 0 0 rg BT 320.65 635.25 Td (based ) Tj ET Q q 0 0 0 rg BT 346.14 635.25 Td (on ) Tj ET Q q 0 0 0 rg BT 358.85 635.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 397.09 635.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 428.13 635.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 449.72 635.25 Td (for ) Tj ET Q q 0 0 0 rg BT 464.10 635.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.03 635.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 518.13 635.25 Td (anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 623.25 Td (future ) Tj ET Q q 0 0 0 rg BT 76.70 623.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 118.40 623.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 162.89 623.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.16 623.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 220.20 623.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.35 623.25 Td (residual ) Tj ET Q q 0 0 0 rg BT 265.83 623.25 Td (values. ) Tj ET Q q 0 0 0 rg BT 296.71 623.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 315.64 623.25 Td (values ) Tj ET Q q 0 0 0 rg BT 344.01 623.25 Td (take ) Tj ET Q q 0 0 0 rg BT 363.50 623.25 Td (into ) Tj ET Q q 0 0 0 rg BT 381.88 623.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 438.58 623.25 Td (management ) Tj ET Q q 0 0 0 rg BT 492.49 623.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 532.53 623.25 Td (of ) Tj ET Q q 0 0 0 rg BT 543.69 623.25 Td (risk-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 86.47 611.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 123.51 611.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 148.03 611.25 Td (which ) Tj ET Q q 0 0 0 rg BT 175.62 611.25 Td (are ) Tj ET Q q 0 0 0 rg BT 190.98 611.25 Td (believed ) Tj ET Q q 0 0 0 rg BT 228.00 611.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.92 611.25 Td (be ) Tj ET Q q 0 0 0 rg BT 251.51 611.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 294.65 611.25 Td (with ) Tj ET Q q 0 0 0 rg BT 315.58 611.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 368.18 611.25 Td (that ) Tj ET Q q 0 0 0 rg BT 386.32 611.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 438.33 611.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 488.13 611.25 Td (would ) Tj ET Q q 0 0 0 rg BT 516.27 611.25 Td (use ) Tj ET Q q 0 0 0 rg BT 532.75 611.25 Td (in ) Tj ET Q q 0 0 0 rg BT 543.68 611.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 90.20 599.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.52 599.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 118.38 599.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 145.53 599.25 Td (For ) Tj ET Q q 0 0 0 rg BT 162.41 599.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.61 599.25 Td (three ) Tj ET Q q 0 0 0 rg BT 200.59 599.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.01 599.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 238.22 599.25 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.67 599.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.65 599.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.52 599.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 358.27 599.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.27 599.25 Td ( ) Tj ET Q q 0 0 0 rg BT 381.26 599.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.69 599.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.69 599.25 Td (, ) Tj ET Q q 0 0 0 rg BT 424.17 599.25 Td (there ) Tj ET Q q 0 0 0 rg BT 447.15 599.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.57 599.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.57 599.25 Td ( ) Tj ET Q q 0 0 0 rg BT 482.55 599.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 531.64 599.25 Td (char) Tj ET Q q 0 0 0 rg BT 548.67 599.25 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.59 587.25 Td (with ) Tj ET Q q 0 0 0 rg BT 113.87 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.59 587.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 175.67 587.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 219.27 587.25 Td (assets. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 561.68505859375 m 172.5732421875 561.68505859375 l s q 0 0 0 rg BT 50.00 563.25 Td (Softwar) Tj ET Q q 0 0 0 rg BT 83.70 563.25 Td (e ) Tj ET Q q 0 0 0 rg BT 90.64 563.25 Td (Development ) Tj ET Q q 0 0 0 rg BT 149.24 563.25 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.53 551.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 107.70 551.25 Td (with ) Tj ET Q q 0 0 0 rg BT 127.19 551.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 148.85 551.25 Td (350-40,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 179.68 551.25 Td ( ) Tj ET Q q 0 0 0 rg BT 181.88 551.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 216.30 551.25 Td (Use ) Tj ET Q q 0 0 0 rg BT 234.05 551.25 Td (Softwar) Tj ET Q q 0 0 0 rg BT 264.80 551.25 Td (e,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.74 551.25 Td ( ) Tj ET Q q 0 0 0 rg BT 273.94 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.36 551.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 329.45 551.25 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 373.85 551.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 403.25 551.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 435.99 551.25 Td (use ) Tj ET Q q 0 0 0 rg BT 451.53 551.25 Td (software ) Tj ET Q q 0 0 0 rg BT 488.16 551.25 Td (development ) Tj ET Q q 0 0 0 rg BT 542.01 551.25 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 94.13 539.25 Td (with ) Tj ET Q q 0 0 0 rg BT 114.94 539.25 Td (creating ) Tj ET Q q 0 0 0 rg BT 150.17 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.64 539.25 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 211.77 539.25 Td (internally ) Tj ET Q q 0 0 0 rg BT 253.12 539.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 297.25 539.25 Td (software ) Tj ET Q q 0 0 0 rg BT 334.71 539.25 Td (related ) Tj ET Q q 0 0 0 rg BT 364.94 539.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.75 539.25 Td (its ) Tj ET Q q 0 0 0 rg BT 388.23 539.25 Td (platforms. ) Tj ET Q q 0 0 0 rg BT 432.09 539.25 Td (Software ) Tj ET Q q 0 0 0 rg BT 471.22 539.25 Td (development ) Tj ET Q q 0 0 0 rg BT 525.90 539.25 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.37 527.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 119.32 527.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.82 527.25 Td (three ) Tj ET Q q 0 0 0 rg BT 151.98 527.25 Td (stages; ) Tj ET Q q 0 0 0 rg BT 181.36 527.25 Td (\(i\)the ) Tj ET Q q 0 0 0 rg BT 207.69 527.25 Td (research ) Tj ET Q q 0 0 0 rg BT 243.17 527.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.78 527.25 Td (planning ) Tj ET Q q 0 0 0 rg BT 296.94 527.25 Td (stage, ) Tj ET Q q 0 0 0 rg BT 322.16 527.25 Td (\(ii\)the ) Tj ET Q q 0 0 0 rg BT 351.26 527.25 Td (application ) Tj ET Q q 0 0 0 rg BT 397.86 527.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.47 527.25 Td (development ) Tj ET Q q 0 0 0 rg BT 468.29 527.25 Td (stage, ) Tj ET Q q 0 0 0 rg BT 493.51 527.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.12 527.25 Td (\(iii\)the ) Tj ET Q q 0 0 0 rg BT 542.00 527.25 Td (post-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 117.64 515.25 Td (stage. ) Tj ET Q q 0 0 0 rg BT 145.56 515.25 Td (Costs ) Tj ET Q q 0 0 0 rg BT 172.66 515.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 210.85 515.25 Td (in ) Tj ET Q q 0 0 0 rg BT 223.50 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.59 515.25 Td (planning ) Tj ET Q q 0 0 0 rg BT 280.46 515.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.77 515.25 Td (post-implementation ) Tj ET Q q 0 0 0 rg BT 387.41 515.25 Td (stages ) Tj ET Q q 0 0 0 rg BT 416.72 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.92 515.25 Td (software ) Tj ET Q q 0 0 0 rg BT 469.22 515.25 Td (development, ) Tj ET Q q 0 0 0 rg BT 528.25 515.25 Td (or ) Tj ET Q q 0 0 0 rg BT 541.45 515.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 104.00 503.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.90 503.25 Td (development ) Tj ET Q q 0 0 0 rg BT 177.02 503.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 216.59 503.25 Td (that ) Tj ET Q q 0 0 0 rg BT 235.06 503.25 Td (do ) Tj ET Q q 0 0 0 rg BT 248.53 503.25 Td (not ) Tj ET Q q 0 0 0 rg BT 264.77 503.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 287.68 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.36 503.25 Td (qualification ) Tj ET Q q 0 0 0 rg BT 357.37 503.25 Td (for ) Tj ET Q q 0 0 0 rg BT 372.50 503.25 Td (capitalization, ) Tj ET Q q 0 0 0 rg BT 432.33 503.25 Td (are ) Tj ET Q q 0 0 0 rg BT 448.01 503.25 Td (expensed ) Tj ET Q q 0 0 0 rg BT 488.68 503.25 Td (as ) Tj ET Q q 0 0 0 rg BT 500.48 503.25 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 539.77 503.25 Td (Costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 85.00 491.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.46 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.36 491.25 Td (application ) Tj ET Q q 0 0 0 rg BT 154.48 491.25 Td (and ) Tj ET Q q 0 0 0 rg BT 170.60 491.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 226.15 491.25 Td (development ) Tj ET Q q 0 0 0 rg BT 279.48 491.25 Td (stage, ) Tj ET Q q 0 0 0 rg BT 304.21 491.25 Td (including ) Tj ET Q q 0 0 0 rg BT 343.67 491.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 387.57 491.25 Td (enhancements ) Tj ET Q q 0 0 0 rg BT 445.89 491.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.02 491.25 Td (upgrades, ) Tj ET Q q 0 0 0 rg BT 502.30 491.25 Td (are ) Tj ET Q q 0 0 0 rg BT 516.19 491.25 Td (capitalized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td (These ) Tj ET Q q 0 0 0 rg BT 76.55 479.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 99.22 479.25 Td (include ) Tj ET Q q 0 0 0 rg BT 131.32 479.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 172.87 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.98 479.25 Td (related ) Tj ET Q q 0 0 0 rg BT 219.85 479.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 261.40 479.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 295.72 479.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 334.49 479.25 Td (for ) Tj ET Q q 0 0 0 rg BT 348.82 479.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 394.26 479.25 Td (or ) Tj ET Q q 0 0 0 rg BT 405.26 479.25 Td (consultants ) Tj ET Q q 0 0 0 rg BT 452.92 479.25 Td (who ) Tj ET Q q 0 0 0 rg BT 472.82 479.25 Td (are ) Tj ET Q q 0 0 0 rg BT 487.70 479.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 520.91 479.25 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.30 467.25 Td (and ) Tj ET Q q 0 0 0 rg BT 87.26 467.25 Td (who ) Tj ET Q q 0 0 0 rg BT 107.00 467.25 Td (devote ) Tj ET Q q 0 0 0 rg BT 136.18 467.25 Td (time ) Tj ET Q q 0 0 0 rg BT 156.47 467.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.77 467.25 Td (software ) Tj ET Q q 0 0 0 rg BT 203.72 467.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 240.40 467.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.36 467.25 Td (external ) Tj ET Q q 0 0 0 rg BT 292.08 467.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 317.36 467.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 339.89 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.74 467.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 389.91 467.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 426.86 467.25 Td (in ) Tj ET Q q 0 0 0 rg BT 437.16 467.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 484.12 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.85 467.25 Td (software. ) Tj ET Q q 0 0 0 rg BT 538.12 467.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.25 Td (software ) Tj ET Q q 0 0 0 rg BT 87.08 455.25 Td (development ) Tj ET Q q 0 0 0 rg BT 141.38 455.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.48 455.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 195.55 455.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 242.64 455.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 265.29 455.25 Td (are ) Tj ET Q q 0 0 0 rg BT 280.15 455.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 322.79 455.25 Td (on ) Tj ET Q q 0 0 0 rg BT 335.44 455.25 Td (a ) Tj ET Q q 0 0 0 rg BT 342.53 455.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 393.50 455.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 416.16 455.25 Td (over ) Tj ET Q q 0 0 0 rg BT 436.58 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.45 455.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 492.42 455.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 519.51 455.25 Td (life ) Tj ET Q q 0 0 0 rg BT 535.49 455.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.47 455.25 Td (five ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.10 443.25 Td ( ) Tj ET Q q 0 0 0 rg BT 73.60 443.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 96.10 443.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 121.93 443.25 Td (release ) Tj ET Q q 0 0 0 rg BT 152.18 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.01 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.73 443.25 Td (software ) Tj ET Q q 0 0 0 rg BT 214.66 443.25 Td (or ) Tj ET Q q 0 0 0 rg BT 225.49 443.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 267.98 443.25 Td (features. ) Tj ET Q q 0 0 0 rg BT 304.62 443.25 Td (See ) Tj ET Q q 0 0 0 rg BT 321.56 443.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 343.50 443.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 351.00 443.25 Td (for ) Tj ET Q q 0 0 0 rg BT 365.16 443.25 Td (further ) Tj ET Q q 0 0 0 rg BT 394.87 443.25 Td (details.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 417.68505859375 m 140.2685546875 417.68505859375 l s q 0 0 0 rg BT 50.00 419.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 89.16 419.25 Td (Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.08 407.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.49 407.25 Td (derives ) Tj ET Q q 0 0 0 rg BT 140.90 407.25 Td (its ) Tj ET Q q 0 0 0 rg BT 152.87 407.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 187.05 407.25 Td (from ) Tj ET Q q 0 0 0 rg BT 209.01 407.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 250.43 407.25 Td (content ) Tj ET Q q 0 0 0 rg BT 282.39 407.25 Td (services ) Tj ET Q q 0 0 0 rg BT 317.13 407.25 Td (or ) Tj ET Q q 0 0 0 rg BT 327.98 407.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 369.95 407.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 416.91 407.25 Td (campaigns ) Tj ET Q q 0 0 0 rg BT 462.20 407.25 Td (for ) Tj ET Q q 0 0 0 rg BT 476.39 407.25 Td (its ) Tj ET Q q 0 0 0 rg BT 488.36 407.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 533.94 407.25 Td (as ) Tj ET Q q 0 0 0 rg BT 544.80 407.25 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.25 Td (as ) Tj ET Q q 0 0 0 rg BT 61.12 395.25 Td (from ) Tj ET Q q 0 0 0 rg BT 83.34 395.25 Td (making ) Tj ET Q q 0 0 0 rg BT 116.13 395.25 Td (its ) Tj ET Q q 0 0 0 rg BT 128.36 395.25 Td (platforms ) Tj ET Q q 0 0 0 rg BT 169.48 395.25 Td (available ) Tj ET Q q 0 0 0 rg BT 208.35 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.92 395.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 243.93 395.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 287.26 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.27 395.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 330.61 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 341.17 395.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 379.50 395.25 Td (content ) Tj ET Q q 0 0 0 rg BT 411.72 395.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 445.05 395.25 Td (from ) Tj ET Q q 0 0 0 rg BT 467.28 395.25 Td (its ) Tj ET Q q 0 0 0 rg BT 479.51 395.25 Td (creators, ) Tj ET Q q 0 0 0 rg BT 516.45 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 533.67 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 544.24 395.25 Td (self-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 84.33 383.25 Td (their ) Tj ET Q q 0 0 0 rg BT 105.90 383.25 Td (own ) Tj ET Q q 0 0 0 rg BT 126.36 383.25 Td (campaigns. ) Tj ET Q q 0 0 0 rg BT 174.86 383.25 Td (Managed ) Tj ET Q q 0 0 0 rg BT 215.31 383.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 252.43 383.25 Td (is ) Tj ET Q q 0 0 0 rg BT 262.34 383.25 Td (when ) Tj ET Q q 0 0 0 rg BT 287.24 383.25 Td (a ) Tj ET Q q 0 0 0 rg BT 294.91 383.25 Td (marketer ) Tj ET Q q 0 0 0 rg BT 333.69 383.25 Td (\(typically ) Tj ET Q q 0 0 0 rg BT 375.25 383.25 Td (a ) Tj ET Q q 0 0 0 rg BT 382.92 383.25 Td (brand, ) Tj ET Q q 0 0 0 rg BT 411.43 383.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 442.99 383.25 Td (or ) Tj ET Q q 0 0 0 rg BT 454.56 383.25 Td (partner\) ) Tj ET Q q 0 0 0 rg BT 489.44 383.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 528.78 383.25 Td (IZEA) Tj ET Q q 0 0 0 rg BT 550.99 383.25 Td ( ) Tj ET Q q 0 0 0 rg BT 554.23 383.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 82.14 371.25 Td (custom ) Tj ET Q q 0 0 0 rg BT 112.61 371.25 Td (content, ) Tj ET Q q 0 0 0 rg BT 146.14 371.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.72 371.25 Td (influencer ) Tj ET Q q 0 0 0 rg BT 189.85 371.25 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 234.48 371.25 Td (amplification ) Tj ET Q q 0 0 0 rg BT 289.38 371.25 Td (or ) Tj ET Q q 0 0 0 rg BT 299.30 371.25 Td (other ) Tj ET Q q 0 0 0 rg BT 321.44 371.25 Td (consulting ) Tj ET Q q 0 0 0 rg BT 364.69 371.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 400.99 371.25 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 452.55 371.25 Td (Spend ) Tj ET Q q 0 0 0 rg BT 479.14 371.25 Td (Fees ) Tj ET Q q 0 0 0 rg BT 499.06 371.25 Td (are ) Tj ET Q q 0 0 0 rg BT 512.85 371.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 530.54 371.25 Td (char) Tj ET Q q 0 0 0 rg BT 547.57 371.25 Td (ged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.90 359.25 Td (self-service ) Tj ET Q q 0 0 0 rg BT 110.10 359.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 153.77 359.25 Td (on ) Tj ET Q q 0 0 0 rg BT 166.89 359.25 Td (their ) Tj ET Q q 0 0 0 rg BT 188.33 359.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 240.31 359.25 Td (spend ) Tj ET Q q 0 0 0 rg BT 266.76 359.25 Td (within ) Tj ET Q q 0 0 0 rg BT 295.43 359.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.77 359.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 358.47 359.25 Td (platforms. ) Tj ET Q q 0 0 0 rg BT 402.41 359.25 Td (License ) Tj ET Q q 0 0 0 rg BT 436.62 359.25 Td (Fees ) Tj ET Q q 0 0 0 rg BT 458.07 359.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 488.97 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.42 359.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 519.64 359.25 Td (char) Tj ET Q q 0 0 0 rg BT 536.66 359.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 554.22 359.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (access ) Tj ET Q q 0 0 0 rg BT 78.33 347.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.34 347.25 Td (IZEAx, ) Tj ET Q q 0 0 0 rg BT 124.18 347.25 Td (Ebyline,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.22 347.25 Td ( ) Tj ET Q q 0 0 0 rg BT 160.01 347.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.25 347.25 Td (T) Tj ET Q q 0 0 0 rg BT 181.89 347.25 Td (apInfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.09 347.25 Td ( ) Tj ET Q q 0 0 0 rg BT 231.88 347.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 279.11 347.25 Td (platforms. ) Tj ET Q q 0 0 0 rg BT 322.73 347.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 348.29 347.25 Td (Fees ) Tj ET Q q 0 0 0 rg BT 369.41 347.25 Td (are ) Tj ET Q q 0 0 0 rg BT 384.41 347.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 426.07 347.25 Td (from ) Tj ET Q q 0 0 0 rg BT 448.30 347.25 Td (various ) Tj ET Q q 0 0 0 rg BT 480.53 347.25 Td (service ) Tj ET Q q 0 0 0 rg BT 511.64 347.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 530.53 347.25 Td (char) Tj ET Q q 0 0 0 rg BT 547.56 347.25 Td (ged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 335.25 Td (users ) Tj ET Q q 0 0 0 rg BT 83.33 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.16 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.88 335.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 155.96 335.25 Td (platforms. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.00 311.25 Td (January ) Tj ET Q q 0 0 0 rg BT 96.87 311.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 106.15 311.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 130.42 311.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.41 311.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 185.07 311.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 218.11 311.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 266.54 311.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 307.76 311.25 Td (Codification ) Tj ET Q q 0 0 0 rg BT 359.39 311.25 Td (T) Tj ET Q q 0 0 0 rg BT 364.80 311.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 383.79 311.25 Td (606, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.07 311.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 438.71 311.25 Td (fr) Tj ET Q q 0 0 0 rg BT 445.00 311.25 Td (om ) Tj ET Q q 0 0 0 rg BT 459.00 311.25 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 500.22 311.25 Td (with ) Tj ET Q q 0 0 0 rg BT 519.23 311.25 Td (Customers ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 299.25 Td (\(ASC ) Tj ET Q q 0 0 0 rg BT 74.19 299.25 Td (606\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.52 299.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.61 299.25 Td (using ) Tj ET Q q 0 0 0 rg BT 120.36 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.66 299.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 174.85 299.25 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 229.57 299.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 265.15 299.25 Td (under ) Tj ET Q q 0 0 0 rg BT 291.00 299.25 Td (which ) Tj ET Q q 0 0 0 rg BT 318.52 299.25 Td (comparative ) Tj ET Q q 0 0 0 rg BT 371.03 299.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 403.55 299.25 Td (will ) Tj ET Q q 0 0 0 rg BT 422.19 299.25 Td (not ) Tj ET Q q 0 0 0 rg BT 438.05 299.25 Td (be ) Tj ET Q q 0 0 0 rg BT 450.57 299.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 484.75 299.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.27 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.57 299.25 Td (cumulative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 287.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.07 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.89 287.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 120.38 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.09 287.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 169.46 287.25 Td (will ) Tj ET Q q 0 0 0 rg BT 186.51 287.25 Td (be ) Tj ET Q q 0 0 0 rg BT 197.44 287.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 242.79 287.25 Td (at ) Tj ET Q q 0 0 0 rg BT 251.50 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.21 287.25 Td (date ) Tj ET Q q 0 0 0 rg BT 283.36 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.19 287.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 318.01 287.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 354.50 287.25 Td (on ) Tj ET Q q 0 0 0 rg BT 365.99 287.25 Td (January1, ) Tj ET Q q 0 0 0 rg BT 408.58 287.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 432.58 287.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 459.06 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.77 287.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 510.37 287.25 Td (retrospective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 84.71 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 99.14 275.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 140.24 275.25 Td (only ) Tj ET Q q 0 0 0 rg BT 160.23 275.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 191.88 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.31 275.25 Td (new ) Tj ET Q q 0 0 0 rg BT 225.19 275.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 261.28 275.25 Td (to ) Tj ET Q q 0 0 0 rg BT 271.27 275.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 309.58 275.25 Td (that ) Tj ET Q q 0 0 0 rg BT 326.79 275.25 Td (were ) Tj ET Q q 0 0 0 rg BT 348.43 275.25 Td (not ) Tj ET Q q 0 0 0 rg BT 363.43 275.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 407.29 275.25 Td (as ) Tj ET Q q 0 0 0 rg BT 417.83 275.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.38 275.25 Td (January ) Tj ET Q q 0 0 0 rg BT 461.69 275.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 471.41 275.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 496.12 275.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 522.84 275.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 544.50 275.25 Td (606, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 84.95 263.25 Td (is ) Tj ET Q q 0 0 0 rg BT 94.92 263.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 142.08 263.25 Td (based ) Tj ET Q q 0 0 0 rg BT 168.16 263.25 Td (on ) Tj ET Q q 0 0 0 rg BT 181.46 263.25 Td (a ) Tj ET Q q 0 0 0 rg BT 189.20 263.25 Td (five-step ) Tj ET Q q 0 0 0 rg BT 227.49 263.25 Td (model ) Tj ET Q q 0 0 0 rg BT 255.78 263.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 276.02 263.25 Td (in ) Tj ET Q q 0 0 0 rg BT 287.10 263.25 Td (doing ) Tj ET Q q 0 0 0 rg BT 313.19 263.25 Td (so, ) Tj ET Q q 0 0 0 rg BT 327.88 263.25 Td (more ) Tj ET Q q 0 0 0 rg BT 351.73 263.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 392.80 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.54 263.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 451.06 263.25 Td (may ) Tj ET Q q 0 0 0 rg BT 471.58 263.25 Td (be ) Tj ET Q q 0 0 0 rg BT 484.32 263.25 Td (required ) Tj ET Q q 0 0 0 rg BT 520.94 263.25 Td (within ) Tj ET Q q 0 0 0 rg BT 549.79 263.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 84.94 251.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 133.78 251.25 Td (process ) Tj ET Q q 0 0 0 rg BT 167.07 251.25 Td (than ) Tj ET Q q 0 0 0 rg BT 187.59 251.25 Td (were ) Tj ET Q q 0 0 0 rg BT 210.31 251.25 Td (required ) Tj ET Q q 0 0 0 rg BT 246.93 251.25 Td (under ) Tj ET Q q 0 0 0 rg BT 273.00 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.51 251.25 Td (former ) Tj ET Q q 0 0 0 rg BT 319.02 251.25 Td (rules. ) Tj ET Q q 0 0 0 rg BT 344.01 251.25 Td (The ) Tj ET Q q 0 0 0 rg BT 362.86 251.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 405.04 251.25 Td (has ) Tj ET Q q 0 0 0 rg BT 421.67 251.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 461.62 251.25 Td (its ) Tj ET Q q 0 0 0 rg BT 474.36 251.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 507.65 251.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.28 251.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 554.22 251.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 97.32 239.25 Td (with ) Tj ET Q q 0 0 0 rg BT 117.46 239.25 Td (each ) Tj ET Q q 0 0 0 rg BT 138.13 239.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.82 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.40 239.25 Td (five ) Tj ET Q q 0 0 0 rg BT 181.31 239.25 Td (steps ) Tj ET Q q 0 0 0 rg BT 203.67 239.25 Td (in ) Tj ET Q q 0 0 0 rg BT 213.81 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.38 239.25 Td (model, ) Tj ET Q q 0 0 0 rg BT 258.24 239.25 Td (which ) Tj ET Q q 0 0 0 rg BT 285.04 239.25 Td (are ) Tj ET Q q 0 0 0 rg BT 299.60 239.25 Td (as ) Tj ET Q q 0 0 0 rg BT 310.29 239.25 Td (follows: ) Tj ET Q q 0 0 0 rg BT 345.43 239.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 357.23 239.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 390.69 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.27 239.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 439.83 239.25 Td (with ) Tj ET Q q 0 0 0 rg BT 459.97 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.55 239.25 Td (customer; ) Tj ET Q q 0 0 0 rg BT 516.34 239.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 530.92 239.25 Td (identify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.54 227.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 115.40 227.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 161.17 227.25 Td (in ) Tj ET Q q 0 0 0 rg BT 170.27 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.82 227.25 Td (contract; ) Tj ET Q q 0 0 0 rg BT 220.13 227.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 236.45 227.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 277.76 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.30 227.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 336.50 227.25 Td (price; ) Tj ET Q q 0 0 0 rg BT 360.60 227.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 376.36 227.25 Td (allocate ) Tj ET Q q 0 0 0 rg BT 408.78 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.32 227.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 467.52 227.25 Td (price ) Tj ET Q q 0 0 0 rg BT 488.84 227.25 Td (to ) Tj ET Q q 0 0 0 rg BT 497.94 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.49 227.25 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 97.31 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.95 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.04 215.25 Td (contract; ) Tj ET Q q 0 0 0 rg BT 160.88 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.19 215.25 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 192.71 215.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 234.44 215.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 268.96 215.25 Td (when ) Tj ET Q q 0 0 0 rg BT 293.48 215.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 308.01 215.25 Td (as\) ) Tj ET Q q 0 0 0 rg BT 322.53 215.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 375.92 215.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 423.23 215.25 Td (are ) Tj ET Q q 0 0 0 rg BT 438.31 215.25 Td (satisfied. ) Tj ET Q q 0 0 0 rg BT 476.79 215.25 Td (The ) Tj ET Q q 0 0 0 rg BT 495.20 215.25 Td (core ) Tj ET Q q 0 0 0 rg BT 515.28 215.25 Td (principle ) Tj ET Q q 0 0 0 rg BT 553.68 215.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 72.05 203.25 Td (606 ) Tj ET Q q 0 0 0 rg BT 89.65 203.25 Td (is ) Tj ET Q q 0 0 0 rg BT 98.91 203.25 Td (that ) Tj ET Q q 0 0 0 rg BT 116.50 203.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 150.75 203.25 Td (will ) Tj ET Q q 0 0 0 rg BT 168.90 203.25 Td (be ) Tj ET Q q 0 0 0 rg BT 180.94 203.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 227.39 203.25 Td (when ) Tj ET Q q 0 0 0 rg BT 251.65 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.46 203.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 299.60 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.53 203.25 Td (promised ) Tj ET Q q 0 0 0 rg BT 350.34 203.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 376.83 203.25 Td (or ) Tj ET Q q 0 0 0 rg BT 387.75 203.25 Td (services ) Tj ET Q q 0 0 0 rg BT 422.56 203.25 Td (to ) Tj ET Q q 0 0 0 rg BT 432.93 203.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 476.08 203.25 Td (is ) Tj ET Q q 0 0 0 rg BT 485.34 203.25 Td (made ) Tj ET Q q 0 0 0 rg BT 509.59 203.25 Td (in ) Tj ET Q q 0 0 0 rg BT 519.97 203.25 Td (an ) Tj ET Q q 0 0 0 rg BT 532.00 203.25 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.88 191.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 100.18 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.28 191.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 172.04 191.25 Td (to ) Tj ET Q q 0 0 0 rg BT 182.70 191.25 Td (which ) Tj ET Q q 0 0 0 rg BT 210.02 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.12 191.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 250.77 191.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 283.64 191.25 Td (to ) Tj ET Q q 0 0 0 rg BT 294.30 191.25 Td (be ) Tj ET Q q 0 0 0 rg BT 306.62 191.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 339.50 191.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.16 191.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 390.79 191.25 Td (for ) Tj ET Q q 0 0 0 rg BT 405.33 191.25 Td (those ) Tj ET Q q 0 0 0 rg BT 429.33 191.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 456.10 191.25 Td (or ) Tj ET Q q 0 0 0 rg BT 467.31 191.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 504.69 191.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 191.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 80.52 179.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.93 179.25 Td (five-step ) Tj ET Q q 0 0 0 rg BT 132.11 179.25 Td (model ) Tj ET Q q 0 0 0 rg BT 159.30 179.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.27 179.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 207.56 179.25 Td (when ) Tj ET Q q 0 0 0 rg BT 231.42 179.25 Td (it ) Tj ET Q q 0 0 0 rg BT 239.17 179.25 Td (is ) Tj ET Q q 0 0 0 rg BT 248.03 179.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 285.21 179.25 Td (that ) Tj ET Q q 0 0 0 rg BT 302.40 179.25 Td (it ) Tj ET Q q 0 0 0 rg BT 310.16 179.25 Td (will ) Tj ET Q q 0 0 0 rg BT 327.91 179.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 356.75 179.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.16 179.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 427.23 179.25 Td (it ) Tj ET Q q 0 0 0 rg BT 434.98 179.25 Td (is ) Tj ET Q q 0 0 0 rg BT 443.85 179.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 476.03 179.25 Td (to ) Tj ET Q q 0 0 0 rg BT 486.01 179.25 Td (in ) Tj ET Q q 0 0 0 rg BT 495.98 179.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 535.93 179.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.78 179.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 76.05 167.25 Td (or ) Tj ET Q q 0 0 0 rg BT 86.54 167.25 Td (services ) Tj ET Q q 0 0 0 rg BT 120.91 167.25 Td (it ) Tj ET Q q 0 0 0 rg BT 128.63 167.25 Td (transfers ) Tj ET Q q 0 0 0 rg BT 165.22 167.25 Td (to ) Tj ET Q q 0 0 0 rg BT 175.16 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.53 167.25 Td (customer) Tj ET Q q 0 0 0 rg BT 225.64 167.25 Td (. ) Tj ET Q q 0 0 0 rg BT 229.82 167.25 Td (At ) Tj ET Q q 0 0 0 rg BT 241.98 167.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 276.34 167.25 Td (inception, ) Tj ET Q q 0 0 0 rg BT 318.22 167.25 Td (once ) Tj ET Q q 0 0 0 rg BT 339.25 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.63 167.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 387.99 167.25 Td (is ) Tj ET Q q 0 0 0 rg BT 396.83 167.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 443.97 167.25 Td (to ) Tj ET Q q 0 0 0 rg BT 453.91 167.25 Td (be ) Tj ET Q q 0 0 0 rg BT 465.50 167.25 Td (within ) Tj ET Q q 0 0 0 rg BT 493.22 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.60 167.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 532.53 167.25 Td (of ) Tj ET Q q 0 0 0 rg BT 542.54 167.25 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (606, ) Tj ET Q q 0 0 0 rg BT 69.39 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 83.51 155.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 124.29 155.25 Td (assesses ) Tj ET Q q 0 0 0 rg BT 158.96 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.07 155.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 198.85 155.25 Td (or ) Tj ET Q q 0 0 0 rg BT 209.08 155.25 Td (services ) Tj ET Q q 0 0 0 rg BT 243.18 155.25 Td (promised ) Tj ET Q q 0 0 0 rg BT 282.29 155.25 Td (within ) Tj ET Q q 0 0 0 rg BT 309.74 155.25 Td (each ) Tj ET Q q 0 0 0 rg BT 329.95 155.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 364.05 155.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.38 155.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 426.15 155.25 Td (those ) Tj ET Q q 0 0 0 rg BT 449.15 155.25 Td (that ) Tj ET Q q 0 0 0 rg BT 466.04 155.25 Td (are ) Tj ET Q q 0 0 0 rg BT 480.14 155.25 Td (distinct ) Tj ET Q q 0 0 0 rg BT 511.48 155.25 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 99.41 143.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.62 143.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.17 143.25 Td (also ) Tj ET Q q 0 0 0 rg BT 177.94 143.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 224.48 143.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 259.35 143.25 Td (it ) Tj ET Q q 0 0 0 rg BT 267.57 143.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 285.78 143.25 Td (as ) Tj ET Q q 0 0 0 rg BT 296.77 143.25 Td (an ) Tj ET Q q 0 0 0 rg BT 308.87 143.25 Td (agent ) Tj ET Q q 0 0 0 rg BT 333.19 143.25 Td (or ) Tj ET Q q 0 0 0 rg BT 344.18 143.25 Td (a ) Tj ET Q q 0 0 0 rg BT 351.28 143.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 389.49 143.25 Td (for ) Tj ET Q q 0 0 0 rg BT 403.81 143.25 Td (each ) Tj ET Q q 0 0 0 rg BT 424.79 143.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 465.77 143.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 518.95 143.25 Td (obligation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.40 131.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 126.80 131.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.99 131.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 173.05 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.13 131.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 229.87 131.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 248.28 131.25 Td (as ) Tj ET Q q 0 0 0 rg BT 259.46 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.54 131.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 312.94 131.25 Td (or ) Tj ET Q q 0 0 0 rg BT 324.13 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.20 131.25 Td (agent ) Tj ET Q q 0 0 0 rg BT 363.72 131.25 Td (is ) Tj ET Q q 0 0 0 rg BT 373.24 131.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 401.66 131.25 Td (subjective ) Tj ET Q q 0 0 0 rg BT 445.06 131.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.35 131.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 497.42 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.49 131.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 554.24 131.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.05 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 86.49 118.05 Td (a ) Tj ET Q q 0 0 0 rg BT 94.10 118.05 Td (number ) Tj ET Q q 0 0 0 rg BT 127.82 118.05 Td (of ) Tj ET Q q 0 0 0 rg BT 139.33 118.05 Td (indicators ) Tj ET Q q 0 0 0 rg BT 181.94 118.05 Td (individually ) Tj ET Q q 0 0 0 rg BT 233.45 118.05 Td (and ) Tj ET Q q 0 0 0 rg BT 251.06 118.05 Td (as ) Tj ET Q q 0 0 0 rg BT 262.57 118.05 Td (a ) Tj ET Q q 0 0 0 rg BT 270.18 118.05 Td (whole ) Tj ET Q q 0 0 0 rg BT 297.80 118.05 Td (in ) Tj ET Q q 0 0 0 rg BT 308.75 118.05 Td (order ) Tj ET Q q 0 0 0 rg BT 333.03 118.05 Td (to ) Tj ET Q q 0 0 0 rg BT 343.98 118.05 Td (make ) Tj ET Q q 0 0 0 rg BT 368.81 118.05 Td (its ) Tj ET Q q 0 0 0 rg BT 381.44 118.05 Td (determination) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.98 118.05 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.22 118.05 Td (For ) Tj ET Q q 0 0 0 rg BT 460.29 118.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 511.23 118.05 Td (in ) Tj ET Q q 0 0 0 rg BT 522.18 118.05 Td (which ) Tj ET Q q 0 0 0 rg BT 549.80 118.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.36 106.05 Td (acts ) Tj ET Q q 0 0 0 rg BT 109.38 106.05 Td (as ) Tj ET Q q 0 0 0 rg BT 120.18 106.05 Td (a ) Tj ET Q q 0 0 0 rg BT 127.09 106.05 Td (principal, ) Tj ET Q q 0 0 0 rg BT 167.61 106.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 201.73 106.05 Td (is ) Tj ET Q q 0 0 0 rg BT 210.87 106.05 Td (reported ) Tj ET Q q 0 0 0 rg BT 246.66 106.05 Td (on ) Tj ET Q q 0 0 0 rg BT 259.13 106.05 Td (a ) Tj ET Q q 0 0 0 rg BT 266.04 106.05 Td (gross ) Tj ET Q q 0 0 0 rg BT 289.63 106.05 Td (basis ) Tj ET Q q 0 0 0 rg BT 312.10 106.05 Td (as ) Tj ET Q q 0 0 0 rg BT 322.91 106.05 Td (the ) Tj ET Q q 0 0 0 rg BT 337.60 106.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 370.07 106.05 Td (paid ) Tj ET Q q 0 0 0 rg BT 389.76 106.05 Td (by ) Tj ET Q q 0 0 0 rg BT 402.23 106.05 Td (the ) Tj ET Q q 0 0 0 rg BT 416.92 106.05 Td (marketer ) Tj ET Q q 0 0 0 rg BT 454.92 106.05 Td (for ) Tj ET Q q 0 0 0 rg BT 469.06 106.05 Td (the ) Tj ET Q q 0 0 0 rg BT 483.75 106.05 Td (purchase ) Tj ET Q q 0 0 0 rg BT 521.76 106.05 Td (of ) Tj ET Q q 0 0 0 rg BT 532.56 106.05 Td (content ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.05 Td (or ) Tj ET Q q 0 0 0 rg BT 60.74 94.05 Td (sponsorship, ) Tj ET Q q 0 0 0 rg BT 113.43 94.05 Td (promotion ) Tj ET Q q 0 0 0 rg BT 157.50 94.05 Td (and ) Tj ET Q q 0 0 0 rg BT 174.35 94.05 Td (other ) Tj ET Q q 0 0 0 rg BT 197.30 94.05 Td (related ) Tj ET Q q 0 0 0 rg BT 226.91 94.05 Td (services ) Tj ET Q q 0 0 0 rg BT 261.52 94.05 Td (and ) Tj ET Q q 0 0 0 rg BT 278.37 94.05 Td (the ) Tj ET Q q 0 0 0 rg BT 292.99 94.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 334.29 94.05 Td (records ) Tj ET Q q 0 0 0 rg BT 366.12 94.05 Td (the ) Tj ET Q q 0 0 0 rg BT 380.75 94.05 Td (amounts ) Tj ET Q q 0 0 0 rg BT 417.04 94.05 Td (it ) Tj ET Q q 0 0 0 rg BT 425.00 94.05 Td (pays ) Tj ET Q q 0 0 0 rg BT 445.74 94.05 Td (to ) Tj ET Q q 0 0 0 rg BT 455.93 94.05 Td (third-party ) Tj ET Q q 0 0 0 rg BT 501.10 94.05 Td (creators ) Tj ET Q q 0 0 0 rg BT 535.15 94.05 Td (as ) Tj ET Q q 0 0 0 rg BT 545.89 94.05 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.05 Td (of ) Tj ET Q q 0 0 0 rg BT 60.38 82.05 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 96.58 82.05 Td (For ) Tj ET Q q 0 0 0 rg BT 112.52 82.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 162.33 82.05 Td (in ) Tj ET Q q 0 0 0 rg BT 172.16 82.05 Td (which ) Tj ET Q q 0 0 0 rg BT 198.65 82.05 Td (the ) Tj ET Q q 0 0 0 rg BT 212.91 82.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 253.85 82.05 Td (acts ) Tj ET Q q 0 0 0 rg BT 271.45 82.05 Td (as ) Tj ET Q q 0 0 0 rg BT 281.83 82.05 Td (an ) Tj ET Q q 0 0 0 rg BT 293.31 82.05 Td (agent, ) Tj ET Q q 0 0 0 rg BT 319.52 82.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 353.21 82.05 Td (is ) Tj ET Q q 0 0 0 rg BT 361.93 82.05 Td (reported ) Tj ET Q q 0 0 0 rg BT 397.30 82.05 Td (on ) Tj ET Q q 0 0 0 rg BT 409.35 82.05 Td (a ) Tj ET Q q 0 0 0 rg BT 415.84 82.05 Td (net ) Tj ET Q q 0 0 0 rg BT 430.10 82.05 Td (basis ) Tj ET Q q 0 0 0 rg BT 452.15 82.05 Td (as ) Tj ET Q q 0 0 0 rg BT 462.53 82.05 Td 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.08 731.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.50 731.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 150.91 731.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 186.19 731.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 242.59 731.10 Td (with ) Tj ET Q q 0 0 0 rg BT 262.89 731.10 Td (each ) Tj ET Q q 0 0 0 rg BT 283.74 731.10 Td (marketer ) Tj ET Q q 0 0 0 rg BT 321.80 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.77 731.10 Td (content ) Tj ET Q q 0 0 0 rg BT 370.74 731.10 Td (creator ) Tj ET Q q 0 0 0 rg BT 401.02 731.10 Td (either ) Tj ET Q q 0 0 0 rg BT 426.32 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.63 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.37 731.10 Td (form ) Tj ET Q q 0 0 0 rg BT 473.34 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.20 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BT 434.81 587.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 471.81 587.10 Td (which ) Tj ET Q q 0 0 0 rg BT 498.54 587.10 Td (may ) Tj ET Q q 0 0 0 rg BT 518.06 587.10 Td (include ) Tj ET Q q 0 0 0 rg BT 549.79 587.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 89.82 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.20 575.10 Td (blogs, ) Tj ET Q q 0 0 0 rg BT 126.42 575.10 Td (tweets, ) Tj ET Q q 0 0 0 rg BT 156.51 575.10 Td (photos ) Tj ET Q q 0 0 0 rg BT 185.22 575.10 Td (or ) Tj ET Q q 0 0 0 rg BT 195.60 575.10 Td (videos ) Tj ET Q q 0 0 0 rg BT 223.75 575.10 Td (shared ) Tj ET Q q 0 0 0 rg BT 251.90 575.10 Td (through ) Tj ET Q q 0 0 0 rg BT 285.05 575.10 Td (social ) Tj ET Q q 0 0 0 rg BT 310.42 575.10 Td (network ) Tj ET Q q 0 0 0 rg BT 345.24 575.10 Td (of) Tj ET Q q 0 0 0 rg BT 353.39 575.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 383.20 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.69 575.10 Td (content ) Tj ET Q q 0 0 0 rg BT 431.17 575.10 Td (promotion, ) Tj ET Q q 0 0 0 rg BT 477.38 575.10 Td (such ) Tj ET Q q 0 0 0 rg BT 497.75 575.10 Td (as ) Tj ET Q q 0 0 0 rg BT 508.13 575.10 Td (click-through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.10 Td (advertisements ) Tj ET Q q 0 0 0 rg BT 112.11 563.10 Td (appearing ) Tj ET Q q 0 0 0 rg BT 153.67 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.58 563.10 Td (websites ) Tj ET Q q 0 0 0 rg BT 200.15 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.72 563.10 Td (social ) Tj ET Q q 0 0 0 rg BT 242.18 563.10 Td (media ) Tj ET Q q 0 0 0 rg BT 268.75 563.10 Td (channels; ) Tj ET Q q 0 0 0 rg BT 308.64 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.22 563.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 339.57 563.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 370.58 563.10 Td (content ) Tj ET Q q 0 0 0 rg BT 402.15 563.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 428.45 563.10 Td (such ) Tj ET Q q 0 0 0 rg BT 448.91 563.10 Td (as ) Tj ET Q q 0 0 0 rg BT 459.38 563.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.95 563.10 Td (research ) Tj ET Q q 0 0 0 rg BT 501.38 563.10 Td (or ) Tj ET Q q 0 0 0 rg BT 511.85 563.10 Td (news ) Tj ET Q q 0 0 0 rg BT 534.53 563.10 Td (article, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (informational ) Tj ET Q q 0 0 0 rg BT 106.81 551.10 Td (material ) Tj ET Q q 0 0 0 rg BT 141.96 551.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.67 551.10 Td (videos. ) Tj ET Q q 0 0 0 rg BT 183.67 551.10 Td (Marketers ) Tj ET Q q 0 0 0 rg BT 226.59 551.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 263.96 551.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 301.89 551.10 Td (influencer ) Tj ET Q q 0 0 0 rg BT 344.80 551.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 387.73 551.10 Td (services ) Tj ET Q q 0 0 0 rg BT 422.32 551.10 Td (for ) Tj ET Q q 0 0 0 rg BT 436.37 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.97 551.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 485.02 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.73 551.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 537.00 551.10 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (awareness ) Tj ET Q q 0 0 0 rg BT 93.27 539.10 Td (or ) Tj ET Q q 0 0 0 rg BT 103.77 539.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 150.38 539.10 Td (buzz ) Tj ET Q q 0 0 0 rg BT 171.44 539.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 211.93 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.32 539.10 Td (marketer's ) Tj ET Q q 0 0 0 rg BT 269.72 539.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 294.67 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.29 539.10 Td (they ) Tj ET Q q 0 0 0 rg BT 330.68 539.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 368.39 539.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 399.46 539.10 Td (content ) Tj ET Q q 0 0 0 rg BT 431.07 539.10 Td (for ) Tj ET Q q 0 0 0 rg BT 444.90 539.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 477.62 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.24 539.10 Td (external ) Tj ET Q q 0 0 0 rg BT 528.62 539.10 Td (use. ) Tj ET Q q 0 0 0 rg BT 546.47 539.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.13 527.10 Td (may ) Tj ET Q q 0 0 0 rg BT 110.59 527.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 143.38 527.10 Td (one ) Tj ET Q q 0 0 0 rg BT 160.06 527.10 Td (type ) Tj ET Q q 0 0 0 rg BT 179.52 527.10 Td (or ) Tj ET Q q 0 0 0 rg BT 190.10 527.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.78 527.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 249.01 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.59 527.10 Td (all ) Tj ET Q q 0 0 0 rg BT 271.83 527.10 Td (types ) Tj ET Q q 0 0 0 rg BT 295.18 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.75 527.10 Td (these ) Tj ET Q q 0 0 0 rg BT 328.54 527.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 381.31 527.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 428.00 527.10 Td (on ) Tj ET Q q 0 0 0 rg BT 440.24 527.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.92 527.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 487.49 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.06 527.10 Td (work ) Tj ET Q q 0 0 0 rg BT 520.85 527.10 Td (for ) Tj ET Q q 0 0 0 rg BT 534.76 527.10 Td (a ) Tj ET Q q 0 0 0 rg BT 541.44 527.10 Td (lump ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 68.30 515.10 Td (fee. ) Tj ET Q q 0 0 0 rg BT 84.52 515.10 Td (The ) Tj ET Q q 0 0 0 rg BT 101.69 515.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 142.21 515.10 Td (allocates ) Tj ET Q q 0 0 0 rg BT 178.82 515.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 212.09 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.50 515.10 Td (each ) Tj ET Q q 0 0 0 rg BT 241.44 515.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 293.59 515.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 335.77 515.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.18 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.02 515.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 392.85 515.10 Td (at ) Tj ET Q q 0 0 0 rg BT 401.70 515.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 440.54 515.10 Td (based ) Tj ET Q q 0 0 0 rg BT 464.94 515.10 Td (on ) Tj ET Q q 0 0 0 rg BT 476.56 515.10 Td (its ) Tj ET Q q 0 0 0 rg BT 487.64 515.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 519.25 515.10 Td (standalone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 79.72 503.10 Td (price. ) Tj ET Q q 0 0 0 rg BT 105.03 503.10 Td (These ) Tj ET Q q 0 0 0 rg BT 131.96 503.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 185.54 503.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 233.03 503.10 Td (are ) Tj ET Q q 0 0 0 rg BT 248.29 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.12 503.10 Td (be ) Tj ET Q q 0 0 0 rg BT 271.61 503.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 310.21 503.10 Td (over ) Tj ET Q q 0 0 0 rg BT 331.03 503.10 Td (a ) Tj ET Q q 0 0 0 rg BT 338.52 503.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 364.90 503.10 Td (period ) Tj ET Q q 0 0 0 rg BT 393.50 503.10 Td (that ) Tj ET Q q 0 0 0 rg BT 411.54 503.10 Td (may ) Tj ET Q q 0 0 0 rg BT 431.81 503.10 Td (range ) Tj ET Q q 0 0 0 rg BT 457.07 503.10 Td (from ) Tj ET Q q 0 0 0 rg BT 479.56 503.10 Td (one ) Tj ET Q q 0 0 0 rg BT 497.05 503.10 Td (day ) Tj ET Q q 0 0 0 rg BT 514.54 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.37 503.10 Td (one ) Tj ET Q q 0 0 0 rg BT 542.86 503.10 Td (year) Tj ET Q q 0 0 0 rg BT 559.52 503.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 88.13 491.10 Td (is ) Tj ET Q q 0 0 0 rg BT 97.94 491.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 141.62 491.10 Td (for ) Tj ET Q q 0 0 0 rg BT 156.42 491.10 Td (when ) Tj ET Q q 0 0 0 rg BT 181.23 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.59 491.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 250.25 491.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 293.95 491.10 Td (has ) Tj ET Q q 0 0 0 rg BT 310.42 491.10 Td (been ) Tj ET Q q 0 0 0 rg BT 332.44 491.10 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 368.91 491.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 413.71 491.10 Td (on ) Tj ET Q q 0 0 0 rg BT 426.85 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.21 491.10 Td (type ) Tj ET Q q 0 0 0 rg BT 462.57 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.05 491.10 Td (service ) Tj ET Q q 0 0 0 rg BT 505.51 491.10 Td (provided. ) Tj ET Q q 0 0 0 rg BT 546.47 491.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.40 479.10 Td (views ) Tj ET Q q 0 0 0 rg BT 117.25 479.10 Td (its ) Tj ET Q q 0 0 0 rg BT 129.21 479.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 172.28 479.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.57 479.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 212.85 479.10 Td (influencer ) Tj ET Q q 0 0 0 rg BT 255.89 479.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 298.95 479.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 336.17 479.10 Td (including ) Tj ET Q q 0 0 0 rg BT 376.46 479.10 Td (management ) Tj ET Q q 0 0 0 rg BT 430.06 479.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 467.29 479.10 Td (as ) Tj ET Q q 0 0 0 rg BT 478.13 479.10 Td (a ) Tj ET Q q 0 0 0 rg BT 485.08 479.10 Td (single ) Tj ET Q q 0 0 0 rg BT 511.48 479.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 92.73 467.10 Td (that ) Tj ET Q q 0 0 0 rg BT 109.90 467.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.75 467.10 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 154.25 467.10 Td (over ) Tj ET Q q 0 0 0 rg BT 174.20 467.10 Td (time ) Tj ET Q q 0 0 0 rg BT 194.15 467.10 Td (as ) Tj ET Q q 0 0 0 rg BT 204.66 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.05 467.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 257.89 467.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 292.82 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.21 467.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 341.04 467.10 Td (from ) Tj ET Q q 0 0 0 rg BT 362.66 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.06 467.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 413.94 467.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 451.10 467.10 Td (is ) Tj ET Q q 0 0 0 rg BT 459.95 467.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 505.99 467.10 Td (using ) Tj ET Q q 0 0 0 rg BT 529.84 467.10 Td (an ) Tj ET Q q 0 0 0 rg BT 541.46 467.10 Td (input ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (method ) Tj ET Q q 0 0 0 rg BT 83.03 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.40 455.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 117.43 455.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 153.79 455.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 196.25 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.06 455.10 Td (total ) Tj ET Q q 0 0 0 rg BT 227.87 455.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 266.44 455.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 289.47 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.29 455.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 336.64 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.89 455.10 Td (progress ) Tj ET Q q 0 0 0 rg BT 388.81 455.10 Td (towards ) Tj ET Q q 0 0 0 rg BT 423.51 455.10 Td (satisfying ) Tj ET Q q 0 0 0 rg BT 465.43 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.68 455.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 511.48 455.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 92.53 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.85 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.05 443.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 159.57 443.10 Td (campaign. ) Tj ET Q q 0 0 0 rg BT 202.78 443.10 Td (The ) Tj ET Q q 0 0 0 rg BT 220.31 443.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 255.06 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.37 443.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 296.24 443.10 Td (content ) Tj ET Q q 0 0 0 rg BT 327.65 443.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 370.17 443.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.60 443.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 408.02 443.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 460.53 443.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 503.06 443.10 Td (that ) Tj ET Q q 0 0 0 rg BT 520.04 443.10 Td (is ) Tj ET Q q 0 0 0 rg BT 528.69 443.10 Td (satisfied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (over ) Tj ET Q q 0 0 0 rg BT 70.70 431.10 Td (time ) Tj ET Q q 0 0 0 rg BT 91.41 431.10 Td (as ) Tj ET Q q 0 0 0 rg BT 102.67 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.82 431.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.64 431.10 Td (has ) Tj ET Q q 0 0 0 rg BT 175.91 431.10 Td (no ) Tj ET Q q 0 0 0 rg BT 188.84 431.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 233.97 431.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.57 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.72 431.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 295.54 431.10 Td (content ) Tj ET Q q 0 0 0 rg BT 327.90 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.28 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.43 431.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 402.25 431.10 Td (has ) Tj ET Q q 0 0 0 rg BT 418.51 431.10 Td (an ) Tj ET Q q 0 0 0 rg BT 430.88 431.10 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 480.45 431.10 Td (right ) Tj ET Q q 0 0 0 rg BT 502.27 431.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.98 431.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 550.35 431.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.74 419.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 146.60 419.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.59 419.10 Td (date ) Tj ET Q q 0 0 0 rg BT 175.46 419.10 Td (under ) Tj ET Q q 0 0 0 rg BT 200.44 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.87 419.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 255.52 419.10 Td (The ) Tj ET Q q 0 0 0 rg BT 273.28 419.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 314.38 419.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 354.36 419.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 385.46 419.10 Td (content ) Tj ET Q q 0 0 0 rg BT 417.11 419.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.10 419.10 Td (be ) Tj ET Q q 0 0 0 rg BT 438.75 419.10 Td (a ) Tj ET Q q 0 0 0 rg BT 445.40 419.10 Td (series ) Tj ET Q q 0 0 0 rg BT 470.39 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.93 419.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 512.59 419.10 Td (services ) Tj ET Q q 0 0 0 rg BT 547.01 419.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.88 407.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 118.11 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.00 407.10 Td (same ) Tj ET Q q 0 0 0 rg BT 156.23 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.34 407.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.01 407.10 Td (have ) Tj ET Q q 0 0 0 rg BT 212.56 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.46 407.10 Td (same ) Tj ET Q q 0 0 0 rg BT 250.68 407.10 Td (pattern ) Tj ET Q q 0 0 0 rg BT 281.12 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.12 407.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 325.34 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.79 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.68 407.10 Td (customer) Tj ET Q q 0 0 0 rg BT 386.94 407.10 Td (, ) Tj ET Q q 0 0 0 rg BT 392.11 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.23 407.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 443.55 407.10 Td (is ) Tj ET Q q 0 0 0 rg BT 452.90 407.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 499.43 407.10 Td (over ) Tj ET Q q 0 0 0 rg BT 519.88 407.10 Td (time ) Tj ET Q q 0 0 0 rg BT 540.33 407.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.02 395.10 Td (output ) Tj ET Q q 0 0 0 rg BT 88.15 395.10 Td (method ) Tj ET Q q 0 0 0 rg BT 119.72 395.10 Td (based ) Tj ET Q q 0 0 0 rg BT 144.07 395.10 Td (on ) Tj ET Q q 0 0 0 rg BT 155.64 395.10 Td (when ) Tj ET Q q 0 0 0 rg BT 178.88 395.10 Td (each ) Tj ET Q q 0 0 0 rg BT 198.77 395.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 240.90 395.10 Td (piece ) Tj ET Q q 0 0 0 rg BT 263.57 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.48 395.10 Td (content ) Tj ET Q q 0 0 0 rg BT 304.49 395.10 Td (is ) Tj ET Q q 0 0 0 rg BT 312.74 395.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 351.52 395.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.87 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.67 395.10 Td (customer) Tj ET Q q 0 0 0 rg BT 410.77 395.10 Td (. ) Tj ET Q q 0 0 0 rg BT 414.85 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.43 395.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 442.44 395.10 Td (on ) Tj ET Q q 0 0 0 rg BT 454.02 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.81 395.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 513.97 395.10 Td (evaluations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 85.25 383.10 Td (from ) Tj ET Q q 0 0 0 rg BT 108.30 383.10 Td (Managed ) Tj ET Q q 0 0 0 rg BT 149.11 383.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 186.60 383.10 Td (is ) Tj ET Q q 0 0 0 rg BT 196.88 383.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 233.80 383.10 Td (on ) Tj ET Q q 0 0 0 rg BT 247.41 383.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.45 383.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 280.17 383.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 306.28 383.10 Td (because ) Tj ET Q q 0 0 0 rg BT 341.53 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.36 383.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 399.85 383.10 Td (has ) Tj ET Q q 0 0 0 rg BT 416.79 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.61 383.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 467.88 383.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 512.03 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.42 383.10 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 549.80 383.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.67 371.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 149.25 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.83 371.10 Td (it ) Tj ET Q q 0 0 0 rg BT 173.54 371.10 Td (creates, ) Tj ET Q q 0 0 0 rg BT 205.93 371.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 239.17 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.76 371.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 290.12 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.48 371.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 341.17 371.10 Td (The ) Tj ET Q q 0 0 0 rg BT 358.86 371.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 399.89 371.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 422.58 371.10 Td (on ) Tj ET Q q 0 0 0 rg BT 434.73 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.09 371.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 466.23 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.71 371.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 513.28 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.20 371.10 Td (any ) Tj ET Q q 0 0 0 rg BT 539.79 371.10 Td (third-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (party ) Tj ET Q q 0 0 0 rg BT 73.13 359.10 Td (creators ) Tj ET Q q 0 0 0 rg BT 107.35 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.37 359.10 Td (it ) Tj ET Q q 0 0 0 rg BT 132.51 359.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 178.42 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.21 359.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 228.00 359.10 Td (price ) Tj ET Q q 0 0 0 rg BT 250.56 359.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 283.68 359.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.04 359.10 Td (its ) Tj ET Q q 0 0 0 rg BT 316.07 359.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 359.20 359.10 Td (based ) Tj ET Q q 0 0 0 rg BT 384.55 359.10 Td (on ) Tj ET Q q 0 0 0 rg BT 397.13 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.93 359.10 Td (services ) Tj ET Q q 0 0 0 rg BT 446.71 359.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 487.61 359.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.97 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.77 359.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 553.67 359.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (work.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (For ) Tj ET Q q 0 0 0 rg BT 67.28 323.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 120.63 323.10 Td (Spend ) Tj ET Q q 0 0 0 rg BT 149.01 323.10 Td (services ) Tj ET Q q 0 0 0 rg BT 184.60 323.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 229.09 323.10 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 261.65 323.10 Td (W) Tj ET Q q 0 0 0 rg BT 270.29 323.10 Td (orkflow\), ) Tj ET Q q 0 0 0 rg BT 311.17 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.77 323.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 376.23 323.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 416.27 323.10 Td (instructs ) Tj ET Q q 0 0 0 rg BT 453.54 323.10 Td (creators ) Tj ET Q q 0 0 0 rg BT 488.57 323.10 Td (found ) Tj ET Q q 0 0 0 rg BT 515.29 323.10 Td (through ) Tj ET Q q 0 0 0 rg BT 549.78 323.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 97.36 311.10 Td (platforms ) Tj ET Q q 0 0 0 rg BT 138.47 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.04 311.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 182.37 311.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 210.70 311.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 251.26 311.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 282.93 311.10 Td (content ) Tj ET Q q 0 0 0 rg BT 315.15 311.10 Td (for ) Tj ET Q q 0 0 0 rg BT 329.59 311.10 Td (an ) Tj ET Q q 0 0 0 rg BT 341.82 311.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 371.25 311.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 394.03 311.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 440.69 311.10 Td (fee. ) Tj ET Q q 0 0 0 rg BT 457.98 311.10 Td (The ) Tj ET Q q 0 0 0 rg BT 476.31 311.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 523.67 311.10 Td (platforms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (control ) Tj ET Q q 0 0 0 rg BT 80.17 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.23 299.10 Td (contracting, ) Tj ET Q q 0 0 0 rg BT 143.55 299.10 Td (description ) Tj ET Q q 0 0 0 rg BT 189.83 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.00 299.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 236.55 299.10 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 282.24 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.41 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.69 299.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 344.97 299.10 Td (for ) Tj ET Q q 0 0 0 rg BT 358.47 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.53 299.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 412.69 299.10 Td (content. ) Tj ET Q q 0 0 0 rg BT 446.33 299.10 Td (This ) Tj ET Q q 0 0 0 rg BT 465.95 299.10 Td (service ) Tj ET Q q 0 0 0 rg BT 496.11 299.10 Td (is ) Tj ET Q q 0 0 0 rg BT 504.62 299.10 Td (used ) Tj ET Q q 0 0 0 rg BT 524.79 299.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.57 287.10 Td (news ) Tj ET Q q 0 0 0 rg BT 85.70 287.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 122.70 287.10 Td (or ) Tj ET Q q 0 0 0 rg BT 133.60 287.10 Td (marketers ) Tj ET Q q 0 0 0 rg BT 175.60 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.96 287.10 Td (control ) Tj ET Q q 0 0 0 rg BT 216.86 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.65 287.10 Td (outsourcing ) Tj ET Q q 0 0 0 rg BT 281.44 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.34 287.10 Td (their ) Tj ET Q q 0 0 0 rg BT 313.24 287.10 Td (content ) Tj ET Q q 0 0 0 rg BT 345.25 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.27 287.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 409.27 287.10 Td (needs. ) Tj ET Q q 0 0 0 rg BT 436.93 287.10 Td (The ) Tj ET Q q 0 0 0 rg BT 455.05 287.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 496.51 287.10 Td (char) Tj ET Q q 0 0 0 rg BT 513.54 287.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 529.44 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.24 287.10 Td (self-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (service ) Tj ET Q q 0 0 0 rg BT 80.76 275.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 119.85 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.51 275.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 180.82 275.10 Td (price ) Tj ET Q q 0 0 0 rg BT 203.25 275.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 222.36 275.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.24 275.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 243.88 275.10 Td (based ) Tj ET Q q 0 0 0 rg BT 269.09 275.10 Td (on ) Tj ET Q q 0 0 0 rg BT 281.53 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.19 275.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 333.33 275.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 370.76 275.10 Td (is ) Tj ET Q q 0 0 0 rg BT 379.87 275.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 426.17 275.10 Td (when ) Tj ET Q q 0 0 0 rg BT 450.27 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.93 275.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 511.24 275.10 Td (is ) Tj ET Q q 0 0 0 rg BT 520.35 275.10 Td (completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.24 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.70 263.10 Td (creator ) Tj ET Q q 0 0 0 rg BT 106.70 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.38 263.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 160.59 263.10 Td (by ) Tj ET Q q 0 0 0 rg BT 172.84 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.30 263.10 Td (marketer) Tj ET Q q 0 0 0 rg BT 222.28 263.10 Td (. ) Tj ET Q q 0 0 0 rg BT 227.02 263.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 253.70 263.10 Td (on ) Tj ET Q q 0 0 0 rg BT 265.94 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.40 263.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 327.22 263.10 Td (evaluations, ) Tj ET Q q 0 0 0 rg BT 377.51 263.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 429.72 263.10 Td (Spend ) Tj ET Q q 0 0 0 rg BT 456.97 263.10 Td (Fee ) Tj ET Q q 0 0 0 rg BT 473.65 263.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 507.53 263.10 Td (is ) Tj ET Q q 0 0 0 rg BT 516.45 263.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 552.01 263.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.48 251.10 Td (net ) Tj ET Q q 0 0 0 rg BT 70.74 251.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 92.79 251.10 Td (since ) Tj ET Q q 0 0 0 rg BT 115.38 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.64 251.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 170.57 251.10 Td (is ) Tj ET Q q 0 0 0 rg BT 179.28 251.10 Td (acting ) Tj ET Q q 0 0 0 rg BT 205.76 251.10 Td (as ) Tj ET Q q 0 0 0 rg BT 216.13 251.10 Td (an ) Tj ET Q q 0 0 0 rg BT 227.61 251.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 251.31 251.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 277.24 251.10 Td (arranging ) Tj ET Q q 0 0 0 rg BT 317.60 251.10 Td (for ) Tj ET Q q 0 0 0 rg BT 331.30 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.56 251.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 390.37 251.10 Td (creator ) Tj ET Q q 0 0 0 rg BT 420.17 251.10 Td (or ) Tj ET Q q 0 0 0 rg BT 430.54 251.10 Td (influencer ) Tj ET Q q 0 0 0 rg BT 473.12 251.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.94 251.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 515.53 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.79 251.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 84.44 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.12 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.24 239.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 162.23 239.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 202.78 239.10 Td (through ) Tj ET Q q 0 0 0 rg BT 237.79 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.91 239.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 294.75 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.09 239.10 Td (are ) Tj ET Q q 0 0 0 rg BT 329.19 239.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 368.09 239.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 415.85 239.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 439.75 239.10 Td (publishing ) Tj ET Q q 0 0 0 rg BT 485.88 239.10 Td (or ) Tj ET Q q 0 0 0 rg BT 498.11 239.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 537.55 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 239.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 101.36 227.10 Td (spend ) Tj ET Q q 0 0 0 rg BT 127.19 227.10 Td (by ) Tj ET Q q 0 0 0 rg BT 139.69 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.40 227.10 Td (creator ) Tj ET Q q 0 0 0 rg BT 184.66 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.60 227.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 250.19 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.02 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.73 227.10 Td (publishing ) Tj ET Q q 0 0 0 rg BT 320.46 227.10 Td (by ) Tj ET Q q 0 0 0 rg BT 332.96 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.68 227.10 Td (marketer) Tj ET Q q 0 0 0 rg BT 382.66 227.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (License ) Tj ET Q q 0 0 0 rg BT 83.94 203.10 Td (Fee ) Tj ET Q q 0 0 0 rg BT 101.22 203.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 135.71 203.10 Td (is ) Tj ET Q q 0 0 0 rg BT 145.22 203.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 186.93 203.10 Td (through ) Tj ET Q q 0 0 0 rg BT 220.88 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.94 203.10 Td (granting ) Tj ET Q q 0 0 0 rg BT 272.11 203.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.29 203.10 Td (limited, ) Tj ET Q q 0 0 0 rg BT 316.96 203.10 Td (non-exclusive, ) Tj ET Q q 0 0 0 rg BT 378.40 203.10 Td (non-transferable ) Tj ET Q q 0 0 0 rg BT 446.77 203.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 481.27 203.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.89 203.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 535.28 203.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 203.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (use ) Tj ET Q q 0 0 0 rg BT 65.80 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 76.59 191.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 91.27 191.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.82 191.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.29 191.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 136.19 191.10 Td (T) Tj ET Q q 0 0 0 rg BT 140.83 191.10 Td (apIfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.04 191.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.50 191.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 232.40 191.10 Td (platforms ) Tj ET Q q 0 0 0 rg BT 273.19 191.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.32 191.10 Td (an ) Tj ET Q q 0 0 0 rg BT 299.22 191.10 Td (agreed-upon ) Tj ET Q q 0 0 0 rg BT 351.67 191.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 403.02 191.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 433.53 191.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 478.77 191.10 Td (license ) Tj ET Q q 0 0 0 rg BT 509.00 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.69 191.10 Td (platforms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.88 179.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 93.07 179.10 Td (their ) Tj ET Q q 0 0 0 rg BT 113.49 179.10 Td (own ) Tj ET Q q 0 0 0 rg BT 132.81 179.10 Td (influencer ) Tj ET Q q 0 0 0 rg BT 175.44 179.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 218.08 179.10 Td (campaigns. ) Tj ET Q q 0 0 0 rg BT 265.45 179.10 Td (Fees ) Tj ET Q q 0 0 0 rg BT 285.88 179.10 Td (for ) Tj ET Q q 0 0 0 rg BT 299.63 179.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 350.62 179.10 Td (or ) Tj ET Q q 0 0 0 rg BT 361.05 179.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 399.25 179.10 Td (services ) Tj ET Q q 0 0 0 rg BT 433.56 179.10 Td (are ) Tj ET Q q 0 0 0 rg BT 447.86 179.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 493.82 179.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 544.24 179.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 167.10 Td (term ) Tj ET Q q 0 0 0 rg BT 85.54 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.37 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.09 167.10 Td (service.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 75.70 143.10 Td (Fee ) Tj ET Q q 0 0 0 rg BT 93.07 143.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 127.65 143.10 Td (is ) Tj ET Q q 0 0 0 rg BT 137.25 143.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 179.05 143.10 Td (when ) Tj ET Q q 0 0 0 rg BT 203.64 143.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 222.67 143.10 Td (are ) Tj ET Q q 0 0 0 rg BT 237.81 143.10 Td (char) Tj ET Q q 0 0 0 rg BT 254.83 143.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 272.20 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.92 143.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 326.39 143.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 366.54 143.10 Td (related ) Tj ET Q q 0 0 0 rg BT 396.67 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.38 143.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 443.65 143.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 463.80 143.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 485.33 143.10 Td (inactivity ) Tj ET Q q 0 0 0 rg BT 526.03 143.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 547.56 143.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (early ) Tj ET Q q 0 0 0 rg BT 72.18 131.10 Td (cash-out ) Tj ET Q q 0 0 0 rg BT 108.25 131.10 Td (fees. ) Tj ET Q q 0 0 0 rg BT 129.05 131.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 149.02 131.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 167.31 131.10 Td (are ) Tj ET Q q 0 0 0 rg BT 181.71 131.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 227.77 131.10 Td (within ) Tj ET Q q 0 0 0 rg BT 255.52 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.93 131.10 Td (month ) Tj ET Q q 0 0 0 rg BT 297.69 131.10 Td (they ) Tj ET Q q 0 0 0 rg BT 317.10 131.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 341.49 131.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 353.97 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.60 131.10 Td (inactivity ) Tj ET Q q 0 0 0 rg BT 410.56 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.20 131.10 Td (early ) Tj ET Q q 0 0 0 rg BT 449.38 131.10 Td (cash-out ) Tj ET Q q 0 0 0 rg BT 485.45 131.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 503.74 131.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.14 131.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.72 119.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.66 119.10 Td (point ) Tj ET Q q 0 0 0 rg BT 89.71 119.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.99 119.10 Td (time ) Tj ET Q q 0 0 0 rg BT 120.26 119.10 Td (when ) Tj ET Q q 0 0 0 rg BT 144.42 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.14 119.10 Td (account ) Tj ET Q q 0 0 0 rg BT 192.73 119.10 Td (is ) Tj ET Q q 0 0 0 rg BT 201.90 119.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 235.50 119.10 Td (inactive ) Tj ET Q q 0 0 0 rg BT 269.65 119.10 Td (or ) Tj ET Q q 0 0 0 rg BT 280.48 119.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.42 119.10 Td (cash-out ) Tj ET Q q 0 0 0 rg BT 323.79 119.10 Td (below ) Tj ET Q q 0 0 0 rg BT 350.73 119.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 380.43 119.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 421.83 119.10 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 465.43 119.10 Td (is ) Tj ET Q q 0 0 0 rg BT 474.60 119.10 Td (requested. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.36 95.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.07 95.10 Td (does ) Tj ET Q q 0 0 0 rg BT 131.21 95.10 Td (not ) Tj ET Q q 0 0 0 rg BT 146.81 95.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 184.61 95.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 215.75 95.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.34 95.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 265.25 95.10 Td (that ) Tj ET Q q 0 0 0 rg BT 283.06 95.10 Td (are ) Tj ET Q q 0 0 0 rg BT 298.09 95.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 326.45 95.10 Td (than ) Tj ET Q q 0 0 0 rg BT 346.48 95.10 Td (one ) Tj ET Q q 0 0 0 rg BT 363.74 95.10 Td (year) Tj ET Q q 0 0 0 rg BT 380.39 95.10 Td (. ) Tj ET Q q 0 0 0 rg BT 385.51 95.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 430.24 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.27 95.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 486.97 95.10 Td (does ) Tj ET Q q 0 0 0 rg BT 508.12 95.10 Td (not ) Tj ET Q q 0 0 0 rg BT 523.71 95.10 Td (capitalize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.02 83.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.82 83.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 108.84 83.10 Td (its ) Tj ET Q q 0 0 0 rg BT 120.31 83.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 158.98 83.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 197.10 83.10 Td (as ) Tj ET Q q 0 0 0 rg BT 207.45 83.10 Td (these ) Tj ET Q q 0 0 0 rg BT 230.02 83.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 265.93 83.10 Td (would ) Tj ET Q q 0 0 0 rg BT 292.95 83.10 Td (be ) Tj ET Q q 0 0 0 rg BT 304.41 83.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 343.63 83.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 389.52 83.10 Td (over ) Tj ET Q q 0 0 0 rg BT 409.31 83.10 Td (less ) Tj ET Q q 0 0 0 rg BT 426.33 83.10 Td (than ) Tj ET Q q 0 0 0 rg BT 445.57 83.10 Td (one ) Tj ET Q q 0 0 0 rg BT 462.03 83.10 Td (year ) Tj ET Q q 0 0 0 rg BT 481.25 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.71 83.10 Td (are ) Tj ET Q q 0 0 0 rg BT 511.94 83.10 Td (not ) Tj ET Q q 0 0 0 rg BT 526.74 83.10 Td (material. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (See ) Tj ET Q q 0 0 0 rg BT 66.94 59.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 88.88 59.10 Td (8 ) Tj ET Q q 0 0 0 rg BT 96.38 59.10 Td (for ) Tj ET Q q 0 0 0 rg BT 110.54 59.10 Td (further ) Tj ET Q q 0 0 0 rg BT 140.24 59.10 Td (details ) Tj ET Q q 0 0 0 rg BT 168.85 59.10 Td (on ) Tj ET Q q 0 0 0 rg BT 181.35 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.06 59.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 243.14 59.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 280.64 59.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.58 59.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 344.52 59.10 Td (related ) Tj ET Q q 0 0 0 rg BT 374.22 59.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.95 59.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 405.90 59.10 Td (606.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 729.68505859375 m 125.8349609375 729.68505859375 l s q 0 0 0 rg BT 50.00 731.25 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 102.50 731.25 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.25 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 99.91 719.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 122.61 719.25 Td (are ) Tj ET Q q 0 0 0 rg BT 137.51 719.25 Td (char) Tj ET Q q 0 0 0 rg BT 154.54 719.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 171.68 719.25 Td (to ) Tj ET Q q 0 0 0 rg BT 182.15 719.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 217.05 719.25 Td (as ) Tj ET Q q 0 0 0 rg BT 228.08 719.25 Td (they ) Tj ET Q q 0 0 0 rg BT 248.00 719.25 Td (are ) Tj ET Q q 0 0 0 rg BT 262.90 719.25 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 301.41 719.25 Td (including ) Tj ET Q q 0 0 0 rg BT 341.88 719.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 382.90 719.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.38 719.25 Td (content ) Tj ET Q q 0 0 0 rg BT 425.51 719.25 Td (creators ) Tj ET Q q 0 0 0 rg BT 459.85 719.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.33 719.25 Td (promote ) Tj ET Q q 0 0 0 rg BT 506.35 719.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.26 719.25 Td (Company) Tj ET Q q 0 0 0 rg BT 559.50 719.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.25 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 100.02 707.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 122.82 707.25 Td (char) Tj ET Q q 0 0 0 rg BT 139.84 707.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 157.08 707.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.66 707.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 212.12 707.25 Td (for ) Tj ET Q q 0 0 0 rg BT 226.58 707.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.59 707.25 Td (three ) Tj ET Q q 0 0 0 rg BT 264.38 707.25 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.83 707.25 Td ( ) Tj ET Q q 0 0 0 rg BT 296.63 707.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.31 707.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 383.87 707.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.87 707.25 Td ( ) Tj ET Q q 0 0 0 rg BT 406.67 707.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.91 707.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.91 707.25 Td ( ) Tj ET Q q 0 0 0 rg BT 446.71 707.25 Td (were ) Tj ET Q q 0 0 0 rg BT 468.94 707.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.50 707.25 Td ($94,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 707.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.72 695.25 Td ($79,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.22 695.25 Td (, ) Tj ET Q q 0 0 0 rg BT 104.00 695.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 151.66 695.25 Td (. ) Tj ET Q q 0 0 0 rg BT 155.93 695.25 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 205.43 695.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 227.71 695.25 Td (char) Tj ET Q q 0 0 0 rg BT 244.74 695.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 261.45 695.25 Td (to ) Tj ET Q q 0 0 0 rg BT 271.51 695.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 315.45 695.25 Td (for ) Tj ET Q q 0 0 0 rg BT 329.39 695.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.88 695.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 363.38 695.25 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.83 695.25 Td ( ) Tj ET Q q 0 0 0 rg BT 395.10 695.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.26 695.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 481.30 695.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.30 695.25 Td ( ) Tj ET Q q 0 0 0 rg BT 503.58 695.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.30 695.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 695.25 Td ( ) Tj ET Q q 0 0 0 rg BT 542.58 695.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.81 683.25 Td ($412,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.31 683.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.36 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.84 683.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.89 683.25 Td ($248,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.39 683.25 Td (, ) Tj ET Q q 0 0 0 rg BT 219.94 683.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 267.60 683.25 Td (. ) Tj ET Q q 0 0 0 rg BT 273.26 683.25 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 324.52 683.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 348.57 683.25 Td (are ) Tj ET Q q 0 0 0 rg BT 364.83 683.25 Td (included ) Tj ET Q q 0 0 0 rg BT 403.31 683.25 Td (in ) Tj ET Q q 0 0 0 rg BT 415.14 683.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 438.63 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.11 683.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 501.70 683.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 537.96 683.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 683.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 110.81 671.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 163.85 671.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 208.56 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.39 671.25 Td (operations. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 645.68505859375 m 111.1767578125 645.68505859375 l s q 0 0 0 rg BT 50.00 647.25 Td (Deferr) Tj ET Q q 0 0 0 rg BT 78.13 647.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 90.63 647.25 Td (Rent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.66 635.25 Td (Company) Tj ET Q q 0 0 0 rg BT 110.33 635.25 Td (s ) Tj ET Q q 0 0 0 rg BT 117.33 635.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 158.21 635.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 185.20 635.25 Td (for ) Tj ET Q q 0 0 0 rg BT 199.98 635.25 Td (its ) Tj ET Q q 0 0 0 rg BT 212.54 635.25 Td (of) Tj ET Q q 0 0 0 rg BT 220.69 635.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 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623.25 Td (for ) Tj ET Q q 0 0 0 rg BT 302.95 623.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 328.85 623.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 364.19 623.25 Td (on ) Tj ET Q q 0 0 0 rg BT 377.32 623.25 Td (a ) Tj ET Q q 0 0 0 rg BT 384.89 623.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 436.34 623.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 459.48 623.25 Td (over ) Tj ET Q q 0 0 0 rg BT 480.38 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.73 623.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 518.84 623.25 Td (terms. ) Tj ET Q q 0 0 0 rg BT 546.47 623.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.18 611.25 Td (records ) Tj ET Q q 0 0 0 rg BT 122.90 611.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.40 611.25 Td (dif) Tj ET Q q 0 0 0 rg BT 148.33 611.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 180.03 611.25 Td (between ) Tj ET Q q 0 0 0 rg BT 215.64 611.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.15 611.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 280.76 611.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 315.25 611.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.98 611.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.49 611.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 372.65 611.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 408.83 611.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 428.33 611.25 Td (under ) Tj ET Q q 0 0 0 rg BT 453.39 611.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.90 611.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 490.18 611.25 Td (as ) Tj ET Q q 0 0 0 rg BT 500.80 611.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 536.39 611.25 Td (rent ) Tj ET Q q 0 0 0 rg BT 554.23 611.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 599.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 125.53 599.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 178.57 599.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 211.60 599.25 Td (sheets. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 573.68505859375 m 108.0615234375 573.68505859375 l s q 0 0 0 rg BT 50.00 575.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.98 575.25 Td (T) Tj ET Q q 0 0 0 rg BT 89.73 575.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.08 563.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.49 563.25 Td (has ) Tj ET Q q 0 0 0 rg BT 125.35 563.25 Td (not ) Tj ET Q q 0 0 0 rg BT 140.66 563.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 178.16 563.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 208.44 563.25 Td (income ) Tj ET Q q 0 0 0 rg BT 240.40 563.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 255.15 563.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 289.88 563.25 Td (due ) Tj ET Q q 0 0 0 rg BT 306.85 563.25 Td (to ) Tj ET Q q 0 0 0 rg BT 317.16 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.90 563.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 376.63 563.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.49 563.25 Td (net ) Tj ET Q q 0 0 0 rg BT 402.24 563.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 442.53 563.25 Td (losses. ) Tj ET Q q 0 0 0 rg BT 471.45 563.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 509.50 563.25 Td (income ) Tj ET Q q 0 0 0 rg BT 541.47 563.25 Td (taxes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.25 Td (are ) Tj ET Q q 0 0 0 rg BT 63.95 551.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 106.22 551.25 Td (for ) Tj ET Q q 0 0 0 rg BT 119.62 551.25 Td (using ) Tj ET Q q 0 0 0 rg BT 143.03 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.98 551.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 189.26 551.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 211.54 551.25 Td (approach, ) Tj ET Q q 0 0 0 rg BT 252.43 551.25 Td (which ) Tj ET Q q 0 0 0 rg BT 278.61 551.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 312.55 551.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 359.84 551.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.91 551.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 404.95 551.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 418.91 551.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 443.98 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.16 551.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 499.11 551.25 Td (for ) Tj ET Q q 0 0 0 rg BT 512.51 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.47 551.25 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.25 Td (future ) Tj ET Q q 0 0 0 rg BT 76.74 539.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 134.59 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.79 539.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 189.75 539.25 Td (dif) Tj ET Q q 0 0 0 rg BT 200.67 539.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 236.85 539.25 Td (between ) Tj ET Q q 0 0 0 rg BT 273.03 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.12 539.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 325.96 539.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 365.49 539.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 388.35 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.66 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.75 539.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 435.83 539.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 458.70 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.90 539.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 496.09 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.40 539.25 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 555.35 539.25 Td (A) Tj ET Q q 0 0 0 rg BT 562.02 539.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 89.48 527.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 132.27 527.25 Td (is ) Tj ET Q q 0 0 0 rg BT 141.21 527.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 179.02 527.25 Td (when ) Tj ET Q q 0 0 0 rg BT 202.94 527.25 Td (it ) Tj ET Q q 0 0 0 rg BT 210.77 527.25 Td (is ) Tj ET Q q 0 0 0 rg BT 219.70 527.25 Td (more ) Tj ET Q q 0 0 0 rg BT 242.51 527.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 267.55 527.25 Td (than ) Tj ET Q q 0 0 0 rg BT 287.03 527.25 Td (not ) Tj ET Q q 0 0 0 rg BT 302.07 527.25 Td (that ) Tj ET Q q 0 0 0 rg BT 319.33 527.25 Td (a ) Tj ET Q q 0 0 0 rg BT 326.04 527.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 361.61 527.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 376.09 527.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 397.79 527.25 Td (will ) Tj ET Q q 0 0 0 rg BT 415.61 527.25 Td (not ) Tj ET Q q 0 0 0 rg BT 430.66 527.25 Td (be ) Tj ET Q q 0 0 0 rg BT 442.36 527.25 Td (realized. ) Tj ET Q q 0 0 0 rg BT 478.60 527.25 Td (The ) Tj ET Q q 0 0 0 rg BT 496.41 527.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 537.56 527.25 Td (incurs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.25 Td (minimal ) Tj ET Q q 0 0 0 rg BT 85.72 515.25 Td (state ) Tj ET Q q 0 0 0 rg BT 106.43 515.25 Td (franchise ) Tj ET Q q 0 0 0 rg BT 145.46 515.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 160.07 515.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.23 515.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.89 515.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.28 515.25 Td (states, ) Tj ET Q q 0 0 0 rg BT 216.39 515.25 Td (which ) Tj ET Q q 0 0 0 rg BT 243.21 515.25 Td (is ) Tj ET Q q 0 0 0 rg BT 252.27 515.25 Td (included ) Tj ET Q q 0 0 0 rg BT 289.09 515.25 Td (in ) Tj ET Q q 0 0 0 rg BT 299.26 515.25 Td (general ) Tj ET Q q 0 0 0 rg BT 331.07 515.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.90 515.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 407.49 515.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 442.08 515.25 Td (in ) Tj ET Q q 0 0 0 rg BT 452.25 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.86 515.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 519.79 515.25 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 503.25 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.67 479.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.67 479.25 Td (identifies ) Tj ET Q q 0 0 0 rg BT 151.00 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.56 479.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 208.88 479.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 249.20 479.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 264.54 479.25 Td (positions, ) Tj ET Q q 0 0 0 rg BT 306.28 479.25 Td (if ) Tj ET Q q 0 0 0 rg BT 315.50 479.25 Td (any) Tj ET Q q 0 0 0 rg BT 329.29 479.25 Td (, ) Tj ET Q q 0 0 0 rg BT 334.91 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.47 479.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 398.34 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.68 479.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 444.01 479.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.46 479.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 495.78 479.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 511.12 479.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 550.35 479.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.61 467.25 Td (there ) Tj ET Q q 0 0 0 rg BT 100.77 467.25 Td (is ) Tj ET Q q 0 0 0 rg BT 110.62 467.25 Td (a ) Tj ET Q q 0 0 0 rg BT 118.23 467.25 Td (less ) Tj ET Q q 0 0 0 rg BT 136.41 467.25 Td (than ) Tj ET Q q 0 0 0 rg BT 156.80 467.25 Td (more-likely-than-not ) Tj ET Q q 0 0 0 rg BT 243.28 467.25 Td (probability ) Tj ET Q q 0 0 0 rg BT 290.34 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.84 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.24 467.25 Td (position ) Tj ET Q q 0 0 0 rg BT 352.64 467.25 Td (being ) Tj ET Q q 0 0 0 rg BT 378.03 467.25 Td (upheld ) Tj ET Q q 0 0 0 rg BT 408.42 467.25 Td (when ) Tj ET Q q 0 0 0 rg BT 433.26 467.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 473.08 467.25 Td (by ) Tj ET Q q 0 0 0 rg BT 486.25 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.65 467.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 537.02 467.25 Td (taxing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.25 Td (authority) Tj ET Q q 0 0 0 rg BT 85.45 455.25 Td (. ) Tj ET Q q 0 0 0 rg BT 90.66 455.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 113.36 455.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 152.18 455.25 Td (are ) Tj ET Q q 0 0 0 rg BT 167.09 455.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 200.88 455.25 Td (to ) Tj ET Q q 0 0 0 rg BT 211.36 455.25 Td (be ) Tj ET Q q 0 0 0 rg BT 223.50 455.25 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 280.07 455.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 294.98 455.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 329.34 455.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.48 455.25 Td (a ) Tj ET Q q 0 0 0 rg BT 353.62 455.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 413.53 455.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 447.34 455.25 Td (is ) Tj ET Q q 0 0 0 rg BT 456.71 455.25 Td (established ) Tj ET Q q 0 0 0 rg BT 503.85 455.25 Td (on ) Tj ET Q q 0 0 0 rg BT 516.55 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.47 455.25 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.25 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 76.25 443.25 Td (The ) Tj ET Q q 0 0 0 rg BT 95.24 443.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.57 443.25 Td (has ) Tj ET Q q 0 0 0 rg BT 154.35 443.25 Td (not ) Tj ET Q q 0 0 0 rg BT 170.58 443.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 217.89 443.25 Td (a ) Tj ET Q q 0 0 0 rg BT 225.77 443.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 260.33 443.25 Td (for ) Tj ET Q q 0 0 0 rg BT 275.43 443.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 316.08 443.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 331.75 443.25 Td (positions. ) Tj ET Q q 0 0 0 rg BT 373.81 443.25 Td (If ) Tj ET Q q 0 0 0 rg BT 383.92 443.25 Td (there ) Tj ET Q q 0 0 0 rg BT 407.35 443.25 Td (were ) Tj ET Q q 0 0 0 rg BT 430.23 443.25 Td (an ) Tj ET Q q 0 0 0 rg BT 443.12 443.25 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 500.42 443.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 516.09 443.25 Td (benefit, ) Tj ET Q q 0 0 0 rg BT 549.80 443.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 92.08 431.25 Td (would ) Tj ET Q q 0 0 0 rg BT 120.27 431.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 162.33 431.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 194.95 431.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 229.23 431.25 Td (related ) Tj ET Q q 0 0 0 rg BT 259.62 431.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.59 431.25 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 327.65 431.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 343.06 431.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 377.91 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 388.88 431.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 421.50 431.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 456.90 431.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.53 431.25 Td (penalties ) Tj ET Q q 0 0 0 rg BT 513.27 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.24 431.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 90.92 419.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.96 419.25 Td (Company) Tj ET Q q 0 0 0 rg BT 150.63 419.25 Td (s ) Tj ET Q q 0 0 0 rg BT 157.02 419.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 171.74 419.25 Td (years ) Tj ET Q q 0 0 0 rg BT 195.34 419.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 226.16 419.25 Td (to ) Tj ET Q q 0 0 0 rg BT 236.44 419.25 Td (examination ) Tj ET Q q 0 0 0 rg BT 288.37 419.25 Td (by ) Tj ET Q q 0 0 0 rg BT 300.87 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.59 419.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 349.18 419.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 386.67 419.25 Td (Service ) Tj ET Q q 0 0 0 rg BT 419.15 419.25 Td (are ) Tj ET Q q 0 0 0 rg BT 433.86 419.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 458.86 419.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 481.36 419.25 Td (and ) Tj ET Q q 0 0 0 rg BT 498.30 419.25 Td (2016.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 393.68505859375 m 191.6552734375 393.68505859375 l s q 0 0 0 rg BT 50.00 395.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 96.92 395.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 139.43 395.25 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 94.54 383.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 131.87 383.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 180.88 383.25 Td (are ) Tj ET Q q 0 0 0 rg BT 195.43 383.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 227.75 383.25 Td (as ) Tj ET Q q 0 0 0 rg BT 238.43 383.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 275.75 383.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 324.76 383.25 Td (or ) Tj ET Q q 0 0 0 rg BT 335.43 383.25 Td (other ) Tj ET Q q 0 0 0 rg BT 358.32 383.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 396.76 383.25 Td (that ) Tj ET Q q 0 0 0 rg BT 414.09 383.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 445.87 383.25 Td (a ) Tj ET Q q 0 0 0 rg BT 452.65 383.25 Td (notional ) Tj ET Q q 0 0 0 rg BT 487.77 383.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 520.11 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 536.89 383.25 Td (one ) Tj ET Q q 0 0 0 rg BT 553.67 383.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (more ) Tj ET Q q 0 0 0 rg BT 74.14 371.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 121.06 371.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 151.86 371.25 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 175.72 371.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 208.75 371.25 Td (rate, ) Tj ET Q q 0 0 0 rg BT 229.83 371.25 Td (security ) Tj ET Q q 0 0 0 rg BT 265.08 371.25 Td (price ) Tj ET Q q 0 0 0 rg BT 288.66 371.25 Td (or ) Tj ET Q q 0 0 0 rg BT 300.58 371.25 Td (other ) Tj ET Q q 0 0 0 rg BT 324.72 371.25 Td (variable\), ) Tj ET Q q 0 0 0 rg BT 366.35 371.25 Td (require ) Tj ET Q q 0 0 0 rg BT 398.26 371.25 Td (no ) Tj ET Q q 0 0 0 rg BT 411.85 371.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 438.77 371.25 Td (net ) Tj ET Q q 0 0 0 rg BT 454.58 371.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 502.06 371.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.09 371.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 549.79 371.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (settlement. ) Tj ET Q q 0 0 0 rg BT 95.87 359.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 140.33 359.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 177.58 359.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 226.51 359.25 Td (may ) Tj ET Q q 0 0 0 rg BT 246.00 359.25 Td (be ) Tj ET Q q 0 0 0 rg BT 257.70 359.25 Td (free-standing ) Tj ET Q q 0 0 0 rg BT 312.73 359.25 Td (or ) Tj ET Q q 0 0 0 rg BT 323.32 359.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 366.68 359.25 Td (in ) Tj ET Q q 0 0 0 rg BT 376.73 359.25 Td (other ) Tj ET Q q 0 0 0 rg BT 399.54 359.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 436.79 359.25 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 488.22 359.25 Td (Further) Tj ET Q q 0 0 0 rg BT 517.26 359.25 Td (, ) Tj ET Q q 0 0 0 rg BT 522.03 359.25 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 88.06 347.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 137.80 347.25 Td (are ) Tj ET Q q 0 0 0 rg BT 153.08 347.25 Td (initially) Tj ET Q q 0 0 0 rg BT 183.54 347.25 Td (, ) Tj ET Q q 0 0 0 rg BT 189.12 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.63 347.25 Td (subsequently) Tj ET Q q 0 0 0 rg BT 258.20 347.25 Td (, ) Tj ET Q q 0 0 0 rg BT 263.77 347.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 305.17 347.25 Td (at ) Tj ET Q q 0 0 0 rg BT 315.46 347.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 332.41 347.25 Td (value ) Tj ET Q q 0 0 0 rg BT 357.14 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.66 347.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 412.71 347.25 Td (as ) Tj ET Q q 0 0 0 rg BT 424.12 347.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 464.41 347.25 Td (or ) Tj ET Q q 0 0 0 rg BT 475.82 347.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 504.50 347.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 347.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 86.67 335.25 Td (for ) Tj ET Q q 0 0 0 rg BT 100.01 335.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 141.68 335.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 190.03 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.49 335.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 246.14 335.25 Td (with ) Tj ET Q q 0 0 0 rg BT 265.23 335.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 286.37 335.25 Td (815, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 305.55 335.25 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 353.33 335.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.01 335.25 Td (Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.45 335.25 Td ( ) Tj ET Q q 0 0 0 rg BT 406.14 335.25 Td (\(ASC ) Tj ET Q q 0 0 0 rg BT 435.04 335.25 Td (815\), ) Tj ET Q q 0 0 0 rg BT 462.00 335.25 Td (which ) Tj ET Q q 0 0 0 rg BT 488.12 335.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 522.01 335.25 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 97.23 323.25 Td (about ) Tj ET Q q 0 0 0 rg BT 122.23 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.24 323.25 Td (Company) Tj ET Q q 0 0 0 rg BT 178.91 323.25 Td (s ) Tj ET Q q 0 0 0 rg BT 185.59 323.25 Td (objectives ) Tj ET Q q 0 0 0 rg BT 228.92 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.15 323.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 286.70 323.25 Td (for ) Tj ET Q q 0 0 0 rg BT 301.15 323.25 Td (using ) Tj ET Q q 0 0 0 rg BT 325.61 323.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 368.38 323.25 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 420.33 323.25 Td (how ) Tj ET Q q 0 0 0 rg BT 440.34 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.35 323.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 498.12 323.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 547.58 323.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (related ) Tj ET Q q 0 0 0 rg BT 78.71 311.25 Td (hedged ) Tj ET Q q 0 0 0 rg BT 109.10 311.25 Td (items ) Tj ET Q q 0 0 0 rg BT 132.28 311.25 Td (are ) Tj ET Q q 0 0 0 rg BT 146.00 311.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 188.05 311.25 Td (for) Tj ET Q q 0 0 0 rg BT 199.31 311.25 Td (, ) Tj ET Q q 0 0 0 rg BT 203.32 311.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.27 311.25 Td (how ) Tj ET Q q 0 0 0 rg BT 238.00 311.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.73 311.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 293.23 311.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 341.41 311.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.36 311.25 Td (related ) Tj ET Q q 0 0 0 rg BT 386.07 311.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 419.80 311.25 Td (items ) Tj ET Q q 0 0 0 rg BT 442.98 311.25 Td (af) Tj ET Q q 0 0 0 rg BT 450.57 311.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 467.06 311.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.79 311.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.29 311.25 Td (statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.64 299.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.61 299.25 Td (does ) Tj ET Q q 0 0 0 rg BT 132.03 299.25 Td (not ) Tj ET Q q 0 0 0 rg BT 147.90 299.25 Td (use ) Tj ET Q q 0 0 0 rg BT 164.32 299.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 207.39 299.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 257.15 299.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.01 299.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 294.98 299.25 Td (exposures ) Tj ET Q q 0 0 0 rg BT 338.06 299.25 Td (to ) Tj ET Q q 0 0 0 rg BT 348.93 299.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 369.79 299.25 Td (flow) Tj ET Q q 0 0 0 rg BT 387.47 299.25 Td (, ) Tj ET Q q 0 0 0 rg BT 393.06 299.25 Td (market ) Tj ET Q q 0 0 0 rg BT 423.91 299.25 Td (or ) Tj ET Q q 0 0 0 rg BT 435.33 299.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 467.30 299.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 505.36 299.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 525.73 299.25 Td (T) Tj ET Q q 0 0 0 rg BT 531.14 299.25 Td (erms ) Tj ET Q q 0 0 0 rg BT 553.67 299.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 76.92 287.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 125.51 287.25 Td (are ) Tj ET Q q 0 0 0 rg BT 139.65 287.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 178.22 287.25 Td (to ) Tj ET Q q 0 0 0 rg BT 187.92 287.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 229.83 287.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 263.96 287.25 Td (or ) Tj ET Q q 0 0 0 rg BT 274.22 287.25 Td (not ) Tj ET Q q 0 0 0 rg BT 288.92 287.25 Td (they ) Tj ET Q q 0 0 0 rg BT 308.07 287.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 339.43 287.25 Td (embedded ) Tj ET Q q 0 0 0 rg BT 382.45 287.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 424.35 287.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 472.94 287.25 Td (that ) Tj ET Q q 0 0 0 rg BT 489.87 287.25 Td (are ) Tj ET Q q 0 0 0 rg BT 504.00 287.25 Td (required ) Tj ET Q q 0 0 0 rg BT 539.24 287.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 71.95 275.25 Td (815 ) Tj ET Q q 0 0 0 rg BT 89.44 275.25 Td (to ) Tj ET Q q 0 0 0 rg BT 99.72 275.25 Td (be ) Tj ET Q q 0 0 0 rg BT 111.65 275.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 154.68 275.25 Td (for ) Tj ET Q q 0 0 0 rg BT 168.83 275.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 211.86 275.25 Td (from ) Tj ET Q q 0 0 0 rg BT 233.79 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.51 275.25 Td (host ) Tj ET Q q 0 0 0 rg BT 267.67 275.25 Td (contract, ) Tj ET Q q 0 0 0 rg BT 304.87 275.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.80 275.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 359.27 275.25 Td (on ) Tj ET Q q 0 0 0 rg BT 371.77 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.48 275.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 419.51 275.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 442.55 275.25 Td (at ) Tj ET Q q 0 0 0 rg BT 452.26 275.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 468.63 275.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 495.10 275.25 Td (The ) Tj ET Q q 0 0 0 rg BT 513.15 275.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 529.52 275.25 Td (value ) Tj ET Q q 0 0 0 rg BT 553.67 275.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 92.69 263.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 135.12 263.25 Td (if ) Tj ET Q q 0 0 0 rg BT 143.93 263.25 Td (any) Tj ET Q q 0 0 0 rg BT 157.72 263.25 Td (, ) Tj ET Q q 0 0 0 rg BT 162.93 263.25 Td (is ) Tj ET Q q 0 0 0 rg BT 172.31 263.25 Td (required ) Tj ET Q q 0 0 0 rg BT 208.33 263.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.82 263.25 Td (be ) Tj ET Q q 0 0 0 rg BT 230.97 263.25 Td (revalued ) Tj ET Q q 0 0 0 rg BT 268.10 263.25 Td (at ) Tj ET Q q 0 0 0 rg BT 278.03 263.25 Td (each ) Tj ET Q q 0 0 0 rg BT 299.05 263.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 338.42 263.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 360.28 263.25 Td (with ) Tj ET Q q 0 0 0 rg BT 380.77 263.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 440.68 263.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 475.60 263.25 Td (in ) Tj ET Q q 0 0 0 rg BT 486.09 263.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 502.67 263.25 Td (value ) Tj ET Q q 0 0 0 rg BT 527.04 263.25 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.18 251.25 Td (current ) Tj ET Q q 0 0 0 rg BT 90.90 251.25 Td (period ) Tj ET Q q 0 0 0 rg BT 118.84 251.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 159.01 251.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 190.02 251.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 227.42 251.25 Td (to ) Tj ET Q q 0 0 0 rg BT 237.07 251.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 258.92 251.25 Td (815, ) Tj ET Q q 0 0 0 rg BT 278.83 251.25 Td (an ) Tj ET Q q 0 0 0 rg BT 290.67 251.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 334.72 251.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.45 251.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 393.94 251.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 434.66 251.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 478.73 251.25 Td (is ) Tj ET Q q 0 0 0 rg BT 487.80 251.25 Td (made ) Tj ET Q q 0 0 0 rg BT 511.86 251.25 Td (to ) Tj ET Q q 0 0 0 rg BT 522.04 251.25 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 84.41 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.84 239.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 114.92 239.25 Td (value ) Tj ET Q q 0 0 0 rg BT 138.78 239.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.32 239.25 Td (warrants ) Tj ET Q q 0 0 0 rg BT 185.96 239.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 213.16 239.25 Td (is ) Tj ET Q q 0 0 0 rg BT 222.04 239.25 Td (required ) Tj ET Q q 0 0 0 rg BT 257.56 239.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.55 239.25 Td (be ) Tj ET Q q 0 0 0 rg BT 279.19 239.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 319.17 239.25 Td (as ) Tj ET Q q 0 0 0 rg BT 329.70 239.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 356.90 239.25 Td (or ) Tj ET Q q 0 0 0 rg BT 367.44 239.25 Td (as ) Tj ET Q q 0 0 0 rg BT 377.98 239.25 Td (a ) Tj ET Q q 0 0 0 rg BT 384.62 239.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 426.81 239.25 Td (liability) Tj ET Q q 0 0 0 rg BT 457.27 239.25 Td (. ) Tj ET Q q 0 0 0 rg BT 461.98 239.25 Td ( ) Tj ET Q q 0 0 0 rg BT 464.02 239.25 Td (The ) Tj ET Q q 0 0 0 rg BT 481.78 239.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 522.87 239.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.52 239.25 Td (5,502) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.25 Td (warrant ) Tj ET Q q 0 0 0 rg BT 83.57 227.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 111.59 227.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 139.62 227.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.43 227.25 Td (its ) Tj ET Q q 0 0 0 rg BT 162.91 227.25 Td (September ) Tj ET Q q 0 0 0 rg BT 208.71 227.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 231.74 227.25 Td (public ) Tj ET Q q 0 0 0 rg BT 259.76 227.25 Td (of) Tj ET Q q 0 0 0 rg BT 267.91 227.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 294.82 227.25 Td (that ) Tj ET Q q 0 0 0 rg BT 312.85 227.25 Td (required ) Tj ET Q q 0 0 0 rg BT 349.19 227.25 Td (classification ) Tj ET Q q 0 0 0 rg BT 404.98 227.25 Td (as ) Tj ET Q q 0 0 0 rg BT 416.34 227.25 Td (a ) Tj ET Q q 0 0 0 rg BT 423.81 227.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 457.95 227.25 Td (due ) Tj ET Q q 0 0 0 rg BT 475.42 227.25 Td (to ) Tj ET Q q 0 0 0 rg BT 486.23 227.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 516.47 227.25 Td (registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 75.64 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 92.93 215.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 120.80 215.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 175.86 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 186.49 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.57 215.25 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 252.25 215.25 Td (These ) Tj ET Q q 0 0 0 rg BT 278.98 215.25 Td (warrants ) Tj ET Q q 0 0 0 rg BT 316.27 215.25 Td (expired ) Tj ET Q q 0 0 0 rg BT 349.11 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.75 215.25 Td (September ) Tj ET Q q 0 0 0 rg BT 405.37 215.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 428.23 215.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.87 215.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.87 215.25 Td ( ) Tj ET Q q 0 0 0 rg BT 461.72 215.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 488.53 215.25 Td (The ) Tj ET Q q 0 0 0 rg BT 506.94 215.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.68 215.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (also ) Tj ET Q q 0 0 0 rg BT 68.55 203.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 95.99 203.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 123.43 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.20 203.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 173.85 203.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 197.40 203.25 Td (which ) Tj ET Q q 0 0 0 rg BT 224.28 203.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 242.83 203.25 Td (over ) Tj ET Q q 0 0 0 rg BT 263.04 203.25 Td (future ) Tj ET Q q 0 0 0 rg BT 289.36 203.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 323.56 203.25 Td (The ) Tj ET Q q 0 0 0 rg BT 341.55 203.25 Td (value ) Tj ET Q q 0 0 0 rg BT 365.65 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.43 203.25 Td (these ) Tj ET Q q 0 0 0 rg BT 399.42 203.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 426.85 203.25 Td (is ) Tj ET Q q 0 0 0 rg BT 435.96 203.25 Td (required ) Tj ET Q q 0 0 0 rg BT 471.72 203.25 Td (to ) Tj ET Q q 0 0 0 rg BT 481.94 203.25 Td (be ) Tj ET Q q 0 0 0 rg BT 493.82 203.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 529.59 203.25 Td (over ) Tj ET Q q 0 0 0 rg BT 549.80 203.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 81.39 191.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 111.93 191.25 Td (See ) Tj ET Q q 0 0 0 rg BT 128.87 191.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 150.81 191.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 158.31 191.25 Td (for ) Tj ET Q q 0 0 0 rg BT 172.47 191.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 214.96 191.25 Td (information ) Tj ET Q q 0 0 0 rg BT 264.67 191.25 Td (related ) Tj ET Q q 0 0 0 rg BT 294.38 191.25 Td (to ) Tj ET Q q 0 0 0 rg BT 304.65 191.25 Td (these ) Tj ET Q q 0 0 0 rg BT 327.70 191.25 Td (shares.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 165.68505859375 m 202.607421875 165.68505859375 l s q 0 0 0 rg BT 50.00 167.25 Td (Fair) Tj ET Q q 0 0 0 rg BT 68.14 167.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.46 167.25 Td (V) Tj ET Q q 0 0 0 rg BT 76.77 167.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 97.05 167.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.88 167.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 150.38 167.25 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.59 155.25 Td (Company) Tj ET Q q 0 0 0 rg BT 109.25 155.25 Td (s ) Tj ET Q q 0 0 0 rg BT 115.19 155.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 152.21 155.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 200.91 155.25 Td (are ) Tj ET Q q 0 0 0 rg BT 215.16 155.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 252.18 155.25 Td (at ) Tj ET Q q 0 0 0 rg BT 261.44 155.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 277.35 155.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 303.55 155.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 321.70 155.25 Td (value ) Tj ET Q q 0 0 0 rg BT 345.40 155.25 Td (is ) Tj ET Q q 0 0 0 rg BT 354.11 155.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 386.13 155.25 Td (as ) Tj ET Q q 0 0 0 rg BT 396.50 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.76 155.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 450.56 155.25 Td (price ) Tj ET Q q 0 0 0 rg BT 472.58 155.25 Td (that ) Tj ET Q q 0 0 0 rg BT 489.62 155.25 Td (would ) Tj ET Q q 0 0 0 rg BT 516.66 155.25 Td (be ) Tj ET Q q 0 0 0 rg BT 528.14 155.25 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.37 143.25 Td (an ) Tj ET Q q 0 0 0 rg BT 76.51 143.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 98.66 143.25 Td (or ) Tj ET Q q 0 0 0 rg BT 109.69 143.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 129.62 143.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.10 143.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 173.35 143.25 Td (a ) Tj ET Q q 0 0 0 rg BT 180.49 143.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 214.31 143.25 Td (\(an ) Tj ET Q q 0 0 0 rg BT 229.78 143.25 Td (exit ) Tj ET Q q 0 0 0 rg BT 247.48 143.25 Td (price\) ) Tj ET Q q 0 0 0 rg BT 273.50 143.25 Td (in ) Tj ET Q q 0 0 0 rg BT 283.99 143.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.91 143.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 337.16 143.25 Td (or ) Tj ET Q q 0 0 0 rg BT 348.20 143.25 Td (most ) Tj ET Q q 0 0 0 rg BT 370.35 143.25 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 427.48 143.25 Td (market ) Tj ET Q q 0 0 0 rg BT 457.95 143.25 Td (for ) Tj ET Q q 0 0 0 rg BT 472.32 143.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.24 143.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 509.39 143.25 Td (or ) Tj ET Q q 0 0 0 rg BT 520.42 143.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 554.24 143.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (an ) Tj ET Q q 0 0 0 rg BT 62.18 131.25 Td (orderly ) Tj ET Q q 0 0 0 rg BT 93.79 131.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 140.40 131.25 Td (between ) Tj ET Q q 0 0 0 rg BT 176.45 131.25 Td (market ) Tj ET Q q 0 0 0 rg BT 206.95 131.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 256.34 131.25 Td (on ) Tj ET Q q 0 0 0 rg BT 269.07 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.03 131.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 340.08 131.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 361.77 131.25 Td (The ) Tj ET Q q 0 0 0 rg BT 380.05 131.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 420.00 131.25 Td (techniques ) Tj ET Q q 0 0 0 rg BT 465.50 131.25 Td (are ) Tj ET Q q 0 0 0 rg BT 480.45 131.25 Td (based ) Tj ET Q q 0 0 0 rg BT 505.95 131.25 Td (on ) Tj ET Q q 0 0 0 rg BT 518.69 131.25 Td (observable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.93 119.25 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 122.74 119.25 Td (inputs. ) Tj ET Q q 0 0 0 rg BT 152.19 119.25 Td (Observable ) Tj ET Q q 0 0 0 rg BT 200.22 119.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 227.16 119.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 255.19 119.25 Td (readily ) Tj ET Q q 0 0 0 rg BT 285.45 119.25 Td (obtainable ) Tj ET Q q 0 0 0 rg BT 329.59 119.25 Td (data ) Tj ET Q q 0 0 0 rg BT 348.75 119.25 Td (from ) Tj ET Q q 0 0 0 rg BT 370.68 119.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 422.05 119.25 Td (sources, ) Tj ET Q q 0 0 0 rg BT 457.03 119.25 Td (while ) Tj ET Q q 0 0 0 rg BT 481.74 119.25 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 537.55 119.25 Td (inputs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 78.03 107.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 107.73 107.25 Td (market ) Tj ET Q q 0 0 0 rg BT 138.00 107.25 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 192.27 107.25 Td (There ) Tj ET Q q 0 0 0 rg BT 218.08 107.25 Td (are ) Tj ET Q q 0 0 0 rg BT 232.79 107.25 Td (three ) Tj ET Q q 0 0 0 rg BT 255.27 107.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 281.10 107.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.93 107.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 318.88 107.25 Td (that ) Tj ET Q q 0 0 0 rg BT 336.37 107.25 Td (may ) Tj ET Q q 0 0 0 rg BT 356.09 107.25 Td (be ) Tj ET Q q 0 0 0 rg BT 368.03 107.25 Td (used ) Tj ET Q q 0 0 0 rg BT 388.86 107.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.14 107.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 434.95 107.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 451.33 107.25 Td (value:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 83.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 83.25 Td (Level 1 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 118.76 83.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.76 83.25 Td ( ) Tj ET Q q 0 0 0 rg BT 126.08 83.25 Td (V) Tj ET Q q 0 0 0 rg BT 132.20 83.25 Td (aluation based on quoted market prices in active markets for identical assets and liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 62.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 62.25 Td (Level 2 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 118.76 62.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.76 62.25 Td ( ) Tj ET Q q 0 0 0 rg BT 126.08 62.25 Td (V) Tj ET Q q 0 0 0 rg BT 132.20 62.25 Td (aluation based on quoted market prices for similar assets and liabilities in active markets.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 731.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 731.10 Td (Level 3 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 118.76 731.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.76 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 126.08 731.10 Td (V) Tj ET Q q 0 0 0 rg BT 132.20 731.10 Td (aluation based on unobservable inputs that are supported by little or no market activity) Tj ET Q q 0 0 0 rg BT 477.85 731.10 Td (, therefore requiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 719.10 Td (management) Tj ET Q q 0 0 0 rg BT 139.87 719.10 Td (s best estimate of what market participants would use as fair value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 698.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 70.99 698.10 Td (value ) Tj ET Q q 0 0 0 rg BT 97.53 698.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 139.63 698.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 182.84 698.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 212.71 698.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.80 698.10 Td (based ) Tj ET Q q 0 0 0 rg BT 257.45 698.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 282.34 698.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 314.42 698.10 Td (market ) Tj ET Q q 0 0 0 rg BT 347.07 698.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 401.40 698.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.72 698.10 Td (pertinent ) Tj ET Q q 0 0 0 rg BT 461.15 698.10 Td (information ) Tj ET Q q 0 0 0 rg BT 513.25 698.10 Td (available ) Tj ET Q q 0 0 0 rg BT 554.22 698.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 686.10 Td (management. ) Tj ET Q q 0 0 0 rg BT 105.00 686.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.06 686.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 162.47 686.10 Td (does ) Tj ET Q q 0 0 0 rg BT 182.31 686.10 Td (not ) Tj ET Q q 0 0 0 rg BT 196.61 686.10 Td (have ) Tj ET Q q 0 0 0 rg BT 217.00 686.10 Td (any ) Tj ET Q q 0 0 0 rg BT 232.96 686.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 257.24 686.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 263.76 686.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.61 686.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 280.12 686.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.62 686.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 341.47 686.10 Td (or ) Tj ET Q q 0 0 0 rg BT 351.32 686.10 Td (liabilities.) Tj ET Q q 0 0 0 rg BT 393.35 686.10 Td (The ) Tj ET Q q 0 0 0 rg BT 410.42 686.10 Td (Company) Tj ET Q q 0 0 0 rg BT 452.08 686.10 Td (s ) Tj ET Q q 0 0 0 rg BT 457.49 686.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 481.77 686.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 488.29 686.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 524.79 686.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 91.77 674.10 Td (at ) Tj ET Q q 0 0 0 rg BT 102.45 674.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 119.79 674.10 Td (value ) Tj ET Q q 0 0 0 rg BT 144.90 674.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 185.58 674.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.37 674.10 Td (its ) Tj ET Q q 0 0 0 rg BT 210.28 674.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 257.62 674.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 277.19 674.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 311.75 674.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 331.31 674.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 354.21 674.10 Td (2\) ) Tj ET Q q 0 0 0 rg BT 366.00 674.10 Td (as ) Tj ET Q q 0 0 0 rg BT 377.79 674.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.58 674.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 450.80 674.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 674.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.26 674.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.16 674.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.16 674.10 Td (. ) Tj ET Q q 0 0 0 rg BT 518.12 674.10 Td (Significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 105.37 662.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 131.86 662.10 Td (used ) Tj ET Q q 0 0 0 rg BT 152.24 662.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.07 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.34 662.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 192.26 662.10 Td (value ) Tj ET Q q 0 0 0 rg BT 215.97 662.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 271.33 662.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.71 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.98 662.10 Td (warrants ) Tj ET Q q 0 0 0 rg BT 332.46 662.10 Td (include ) Tj ET Q q 0 0 0 rg BT 363.94 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.21 662.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 418.58 662.10 Td (term ) Tj ET Q q 0 0 0 rg BT 438.95 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.44 662.10 Td (risk-adjusted ) Tj ET Q q 0 0 0 rg BT 509.14 662.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 540.63 662.10 Td (rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.71 650.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 107.52 650.10 Td (its ) Tj ET Q q 0 0 0 rg BT 119.35 650.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 144.49 650.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 161.87 650.10 Td (assumption ) Tj ET Q q 0 0 0 rg BT 209.81 650.10 Td (used ) Tj ET Q q 0 0 0 rg BT 230.52 650.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.68 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.27 650.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 271.53 650.10 Td (value ) Tj ET Q q 0 0 0 rg BT 295.56 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.27 650.10 Td (warrants, ) Tj ET Q q 0 0 0 rg BT 345.58 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.18 650.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 401.44 650.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 447.14 650.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 482.29 650.10 Td (available ) Tj ET Q q 0 0 0 rg BT 520.76 650.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 543.14 650.10 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.52 638.10 Td (US ) Tj ET Q q 0 0 0 rg BT 81.22 638.10 Td (T) Tj ET Q q 0 0 0 rg BT 86.98 638.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 118.18 638.10 Td (Y) Tj ET Q q 0 0 0 rg BT 124.85 638.10 Td (ields. ) Tj ET Q q 0 0 0 rg BT 148.31 638.10 Td (However) Tj ET Q q 0 0 0 rg BT 184.56 638.10 Td (, ) Tj ET Q q 0 0 0 rg BT 189.14 638.10 Td (since ) Tj ET Q q 0 0 0 rg BT 211.76 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.06 638.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 267.02 638.10 Td (does ) Tj ET Q q 0 0 0 rg BT 287.43 638.10 Td (not ) Tj ET Q q 0 0 0 rg BT 302.28 638.10 Td (have ) Tj ET Q q 0 0 0 rg BT 323.23 638.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.75 638.10 Td (formal ) Tj ET Q q 0 0 0 rg BT 358.48 638.10 Td (credit-standing, ) Tj ET Q q 0 0 0 rg BT 423.04 638.10 Td (management ) Tj ET Q q 0 0 0 rg BT 476.20 638.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 516.60 638.10 Td (its ) Tj ET Q q 0 0 0 rg BT 528.13 638.10 Td (standing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (among ) Tj ET Q q 0 0 0 rg BT 80.23 626.10 Td (various ) Tj ET Q q 0 0 0 rg BT 112.68 626.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 149.01 626.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 175.35 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.80 626.10 Td (grades ) Tj ET Q q 0 0 0 rg BT 221.91 626.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.58 626.10 Td (use ) Tj ET Q q 0 0 0 rg BT 252.92 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.72 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.95 626.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 309.45 626.10 Td (During ) Tj ET Q q 0 0 0 rg BT 340.80 626.10 Td (all ) Tj ET Q q 0 0 0 rg BT 353.80 626.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 388.75 626.10 Td (management ) Tj ET Q q 0 0 0 rg BT 442.86 626.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 484.19 626.10 Td (that ) Tj ET Q q 0 0 0 rg BT 502.20 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.43 626.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (standing ) Tj ET Q q 0 0 0 rg BT 87.25 614.10 Td (was ) Tj ET Q q 0 0 0 rg BT 106.17 614.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.31 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.89 614.10 Td (speculative ) Tj ET Q q 0 0 0 rg BT 181.23 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.37 614.10 Td (high-risk ) Tj ET Q q 0 0 0 rg BT 231.84 614.10 Td (grades ) Tj ET Q q 0 0 0 rg BT 261.31 614.10 Td (\(BB- ) Tj ET Q q 0 0 0 rg BT 284.67 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.81 614.10 Td (CCC ) Tj ET Q q 0 0 0 rg BT 319.18 614.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.33 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.91 614.10 Td (Standard ) Tj ET Q q 0 0 0 rg BT 384.82 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.62 614.10 Td (Poor's ) Tj ET Q q 0 0 0 rg BT 430.57 614.10 Td (Rating\). ) Tj ET Q q 0 0 0 rg BT 466.42 614.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 513.67 614.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 553.68 614.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 91.17 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.81 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.89 602.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 158.08 602.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 201.48 602.10 Td (period ) Tj ET Q q 0 0 0 rg BT 229.89 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.53 602.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 276.15 602.10 Td (or ) Tj ET Q q 0 0 0 rg BT 287.35 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.43 602.10 Td (risk-adjusted ) Tj ET Q q 0 0 0 rg BT 356.95 602.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 389.24 602.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 407.09 602.10 Td (could ) Tj ET Q q 0 0 0 rg BT 432.17 602.10 Td (result ) Tj ET Q q 0 0 0 rg BT 457.25 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.90 602.10 Td (a ) Tj ET Q q 0 0 0 rg BT 475.20 602.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 528.05 602.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 553.68 602.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 78.05 590.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 94.42 590.10 Td (value ) Tj ET Q q 0 0 0 rg BT 118.58 590.10 Td (measurement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.39 566.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 111.77 566.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 147.93 566.10 Td (value ) Tj ET Q q 0 0 0 rg BT 172.44 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.61 566.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 213.66 566.10 Td (on-balance-sheet ) Tj ET Q q 0 0 0 rg BT 284.25 566.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 322.08 566.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 371.59 566.10 Td (approximated ) Tj ET Q q 0 0 0 rg BT 429.41 566.10 Td (their ) Tj ET Q q 0 0 0 rg BT 450.59 566.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 467.31 566.10 Td (values ) Tj ET Q q 0 0 0 rg BT 495.70 566.10 Td (due ) Tj ET Q q 0 0 0 rg BT 512.99 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.61 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.68 566.10 Td (short-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (term ) Tj ET Q q 0 0 0 rg BT 71.28 554.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 99.22 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.51 554.10 Td (these ) Tj ET Q q 0 0 0 rg BT 134.01 554.10 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 185.92 554.10 Td (These ) Tj ET Q q 0 0 0 rg BT 212.75 554.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 250.69 554.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 300.31 554.10 Td (include ) Tj ET Q q 0 0 0 rg BT 332.70 554.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 353.43 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.82 554.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 391.55 554.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 442.55 554.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 480.49 554.10 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 527.02 554.10 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 86.54 542.10 Td (unearned ) Tj ET Q q 0 0 0 rg BT 126.14 542.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 163.23 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.62 542.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 214.65 542.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 256.20 542.10 Td (Unless ) Tj ET Q q 0 0 0 rg BT 286.37 542.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 328.20 542.10 Td (disclosed, ) Tj ET Q q 0 0 0 rg BT 370.86 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.03 542.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 402.86 542.10 Td (value ) Tj ET Q q 0 0 0 rg BT 427.46 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.74 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.91 542.10 Td (Company) Tj ET Q q 0 0 0 rg BT 495.57 542.10 Td (s ) Tj ET Q q 0 0 0 rg BT 502.41 542.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 544.79 542.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.94 530.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 149.42 530.10 Td (their ) Tj ET Q q 0 0 0 rg BT 170.25 530.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 206.06 530.10 Td (value ) Tj ET Q q 0 0 0 rg BT 230.22 530.10 Td (based ) Tj ET Q q 0 0 0 rg BT 255.49 530.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 277.99 530.10 Td (current ) Tj ET Q q 0 0 0 rg BT 308.80 530.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 330.18 530.10 Td (available ) Tj ET Q q 0 0 0 rg BT 368.77 530.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.05 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.76 530.10 Td (Company) Tj ET Q q 0 0 0 rg BT 432.00 530.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 504.53505859375 m 166.9580078125 504.53505859375 l s q 0 0 0 rg BT 50.00 506.10 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 105.28 506.10 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.10 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 100.83 494.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 158.32 494.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 176.38 494.10 Td (related ) Tj ET Q q 0 0 0 rg BT 205.53 494.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.26 494.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 238.31 494.10 Td (options ) Tj ET Q q 0 0 0 rg BT 269.71 494.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 301.65 494.10 Td (under ) Tj ET Q q 0 0 0 rg BT 326.37 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.53 494.10 Td (201) Tj ET Q q 0 0 0 rg BT 355.16 494.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 362.11 494.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 390.73 494.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 429.88 494.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 449.61 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.99 494.10 Td (201) Tj ET Q q 0 0 0 rg BT 480.62 494.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 487.57 494.10 Td (B ) Tj ET Q q 0 0 0 rg BT 496.19 494.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 524.81 494.10 Td (Incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 69.97 482.10 Td (\(together) Tj ET Q q 0 0 0 rg BT 105.67 482.10 Td (, ) Tj ET Q q 0 0 0 rg BT 110.36 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.77 482.10 Td (201) Tj ET Q q 0 0 0 rg BT 143.84 482.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 151.03 482.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 179.89 482.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 219.29 482.10 Td (Plans\) ) Tj ET Q q 0 0 0 rg BT 250.92 482.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 269.21 482.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 290.84 482.10 Td (6\) ) Tj ET Q q 0 0 0 rg BT 301.37 482.10 Td (is ) Tj ET Q q 0 0 0 rg BT 310.23 482.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 350.74 482.10 Td (at ) Tj ET Q q 0 0 0 rg BT 360.15 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.56 482.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 397.30 482.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 418.65 482.10 Td (based ) Tj ET Q q 0 0 0 rg BT 443.61 482.10 Td (on ) Tj ET Q q 0 0 0 rg BT 455.81 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.22 482.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 486.29 482.10 Td (value ) Tj ET Q q 0 0 0 rg BT 510.14 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.66 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.07 482.10 Td (award, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.84 470.10 Td (is ) Tj ET Q q 0 0 0 rg BT 75.91 470.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 122.17 470.10 Td (as ) Tj ET Q q 0 0 0 rg BT 132.90 470.10 Td (a ) Tj ET Q q 0 0 0 rg BT 139.74 470.10 Td (straight-lined ) Tj ET Q q 0 0 0 rg BT 195.46 470.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 230.07 470.10 Td (over ) Tj ET Q q 0 0 0 rg BT 250.23 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.85 470.10 Td (employee) Tj ET Q q 0 0 0 rg BT 306.50 470.10 Td (s ) Tj ET Q q 0 0 0 rg BT 312.79 470.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 349.63 470.10 Td (service ) Tj ET Q q 0 0 0 rg BT 380.34 470.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 410.62 470.10 Td (The ) Tj ET Q q 0 0 0 rg BT 428.56 470.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 469.85 470.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 509.46 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.08 470.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.35 470.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.52 458.10 Td (each ) Tj ET Q q 0 0 0 rg BT 81.03 458.10 Td (option ) Tj ET Q q 0 0 0 rg BT 108.78 458.10 Td (award ) Tj ET Q q 0 0 0 rg BT 135.40 458.10 Td (on ) Tj ET Q q 0 0 0 rg BT 147.59 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.00 458.10 Td (date ) Tj ET Q q 0 0 0 rg BT 180.84 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.36 458.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 214.10 458.10 Td (using ) Tj ET Q q 0 0 0 rg BT 237.96 458.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.59 458.10 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 304.55 458.10 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 363.95 458.10 Td (model ) Tj ET Q q 0 0 0 rg BT 391.14 458.10 Td (that ) Tj ET Q q 0 0 0 rg BT 408.33 458.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 427.74 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.15 458.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 493.79 458.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 518.19 458.10 Td (in ) Tj ET Q q 0 0 0 rg BT 528.16 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.57 458.10 Td (table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 446.10 Td (. ) Tj ET Q q 0 0 0 rg BT 78.65 446.10 Td (The ) Tj ET Q q 0 0 0 rg BT 96.74 446.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 138.17 446.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 177.93 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.69 446.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 209.12 446.10 Td (value ) Tj ET Q q 0 0 0 rg BT 233.32 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.19 446.10 Td (its ) Tj ET Q q 0 0 0 rg BT 256.19 446.10 Td (common ) Tj ET Q q 0 0 0 rg BT 293.73 446.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 317.38 446.10 Td (using ) Tj ET Q q 0 0 0 rg BT 341.60 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.36 446.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 387.79 446.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 411.44 446.10 Td (price ) Tj ET Q q 0 0 0 rg BT 433.98 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.85 446.10 Td (its ) Tj ET Q q 0 0 0 rg BT 456.84 446.10 Td (common ) Tj ET Q q 0 0 0 rg BT 494.38 446.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 518.04 446.10 Td (on ) Tj ET Q q 0 0 0 rg BT 530.58 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.35 446.10 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.77 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.43 434.10 Td (grant. ) Tj ET Q q 0 0 0 rg BT 100.74 434.10 Td (The ) Tj ET Q q 0 0 0 rg BT 118.73 434.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 160.06 434.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 199.71 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.37 434.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 252.92 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.69 434.10 Td (its ) Tj ET Q q 0 0 0 rg BT 275.58 434.10 Td (common ) Tj ET Q q 0 0 0 rg BT 313.02 434.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 336.57 434.10 Td (at ) Tj ET Q q 0 0 0 rg BT 346.23 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.88 434.10 Td (date ) Tj ET Q q 0 0 0 rg BT 379.98 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.75 434.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 413.74 434.10 Td (based ) Tj ET Q q 0 0 0 rg BT 438.95 434.10 Td (on ) Tj ET Q q 0 0 0 rg BT 451.39 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.05 434.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 504.60 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.37 434.10 Td (comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (peer ) Tj ET Q q 0 0 0 rg BT 69.71 422.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 114.99 422.10 Td (that ) Tj ET Q q 0 0 0 rg BT 132.49 422.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.20 422.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 182.48 422.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 209.98 422.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.92 422.10 Td (have ) Tj ET Q q 0 0 0 rg BT 248.31 422.10 Td (had ) Tj ET Q q 0 0 0 rg BT 265.25 422.10 Td (a ) Tj ET Q q 0 0 0 rg BT 272.20 422.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 300.25 422.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 331.08 422.10 Td (history ) Tj ET Q q 0 0 0 rg BT 361.37 422.10 Td (than ) Tj ET Q q 0 0 0 rg BT 381.09 422.10 Td (itself. ) Tj ET Q q 0 0 0 rg BT 405.92 422.10 Td (The ) Tj ET Q q 0 0 0 rg BT 423.97 422.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 465.36 422.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 511.74 422.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.47 422.10 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (life ) Tj ET Q q 0 0 0 rg BT 65.58 410.10 Td (based ) Tj ET Q q 0 0 0 rg BT 90.60 410.10 Td (on ) Tj ET Q q 0 0 0 rg BT 102.85 410.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 142.31 410.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 187.86 410.10 Td (with ) Tj ET Q q 0 0 0 rg BT 207.89 410.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 237.92 410.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 270.99 410.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 298.79 410.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 354.92 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.95 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.41 410.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 426.08 410.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 453.05 410.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 484.19 410.10 Td (schedules ) Tj ET Q q 0 0 0 rg BT 525.32 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.01 410.10 Td (post-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 81.41 398.10 Td (forfeitures. ) Tj ET Q q 0 0 0 rg BT 127.89 398.10 Td (The ) Tj ET Q q 0 0 0 rg BT 145.96 398.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 187.37 398.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 207.11 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.85 398.10 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 258.24 398.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 290.19 398.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 307.70 398.10 Td (on ) Tj ET Q q 0 0 0 rg BT 320.22 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.96 398.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 368.03 398.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 390.54 398.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 429.16 398.10 Td (available ) Tj ET Q q 0 0 0 rg BT 467.77 398.10 Td (on ) Tj ET Q q 0 0 0 rg BT 480.29 398.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 500.41 398.10 Td (T) Tj ET Q q 0 0 0 rg BT 506.17 398.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 538.12 398.10 Td (issues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.24 386.10 Td (an ) Tj ET Q q 0 0 0 rg BT 82.15 386.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 126.26 386.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 169.27 386.10 Td (term ) Tj ET Q q 0 0 0 rg BT 190.06 386.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 250.29 386.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 274.41 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.65 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.34 386.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 337.33 386.10 Td (life ) Tj ET Q q 0 0 0 rg BT 353.13 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.92 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.60 386.10 Td (award. ) Tj ET Q q 0 0 0 rg BT 407.82 386.10 Td (The ) Tj ET Q q 0 0 0 rg BT 425.83 386.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 467.19 386.10 Td (has ) Tj ET Q q 0 0 0 rg BT 482.98 386.10 Td (never ) Tj ET Q q 0 0 0 rg BT 507.65 386.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 527.34 386.10 Td (any ) Tj ET Q q 0 0 0 rg BT 544.24 386.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 91.39 374.10 Td (on ) Tj ET Q q 0 0 0 rg BT 103.89 374.10 Td (its ) Tj ET Q q 0 0 0 rg BT 115.83 374.10 Td (common ) Tj ET Q q 0 0 0 rg BT 153.33 374.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 176.94 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.88 374.10 Td (does ) Tj ET Q q 0 0 0 rg BT 214.71 374.10 Td (not ) Tj ET Q q 0 0 0 rg BT 229.99 374.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 271.35 374.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 301.07 374.10 Td (any ) Tj ET Q q 0 0 0 rg BT 318.01 374.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 338.28 374.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 379.66 374.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.94 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.66 374.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 452.68 374.10 Td (future. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.52 350.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.38 350.10 Td (used ) Tj ET Q q 0 0 0 rg BT 128.68 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.87 350.10 Td (following ) Tj ET Q q 0 0 0 rg BT 183.73 350.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 235.15 350.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.78 350.10 Td (options ) Tj ET Q q 0 0 0 rg BT 280.21 350.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 312.16 350.10 Td (under ) Tj ET Q q 0 0 0 rg BT 336.90 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.09 350.10 Td (201) Tj ET Q q 0 0 0 rg BT 365.72 350.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 372.70 350.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 401.33 350.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 440.51 350.10 Td (Plans ) Tj ET Q q 0 0 0 rg BT 464.15 350.10 Td (during ) Tj ET Q q 0 0 0 rg BT 492.23 350.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 350.10 Td (three ) Tj ET Q q 0 0 0 rg BT 528.38 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.79 350.10 Td (nine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.45 338.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.95 338.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 338.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 168.59 338.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.59 338.10 Td ( ) Tj ET Q q 0 0 0 rg BT 191.09 338.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.03 338.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.03 338.10 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 287.60 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 287.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 287.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 287.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 287.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 287.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 287.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 287.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 287.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 257.60 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 257.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 257.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 257.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 257.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 257.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 257.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 257.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 257.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 312.6 m 355.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 312.6 m 359.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 312.6 m 424.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 312.6 m 493.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 312.6 m 497.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 312.6 m 562.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 287.6 m 286.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 287.6 m 355.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 287.6 m 424.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 287.6 m 493.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 287.6 m 562.5 287.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.75 317.27 Td (Three Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.70 317.27 Td (Nine Months Ended) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 292.28 Td (201) Tj ET Q q 0 0 0 rg BT 67.45 292.28 Td (1 Equity Incentive Plans ) Tj ET Q q 0 0 0 rg BT 170.97 292.28 Td (Assumptions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.60 302.27 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.50 292.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.60 302.27 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.50 292.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.60 302.27 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 292.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.60 303.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 293.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 277.27 Td (Expected term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.20 277.27 Td (6 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.20 277.27 Td (6 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.20 277.27 Td (6 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.20 277.27 Td (6 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 262.27 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 262.27 Td (eighted average volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.05 262.27 Td (65.65%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.05 262.27 Td (43.08%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.05 262.27 Td (63.40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.05 262.27 Td (43.49%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 247.27 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 247.27 Td (eighted average risk free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.55 247.27 Td (2.82%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.55 247.27 Td (1.91%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.55 247.27 Td (2.77%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.55 247.27 Td (1.98%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 232.27 Td (Expected dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.50 232.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 232.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 232.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.50 232.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.04 204.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.43 204.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 149.14 204.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 193.28 204.10 Td (when ) Tj ET Q q 0 0 0 rg BT 217.43 204.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 267.13 204.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 325.17 204.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 359.88 204.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.81 204.10 Td (this ) Tj ET Q q 0 0 0 rg BT 393.75 204.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 429.57 204.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.40 204.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 484.54 204.10 Td (is ) Tj ET Q q 0 0 0 rg BT 493.71 204.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 529.53 204.10 Td (over ) Tj ET Q q 0 0 0 rg BT 549.79 204.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 86.06 192.10 Td (service ) Tj ET Q q 0 0 0 rg BT 116.00 192.10 Td (period ) Tj ET Q q 0 0 0 rg BT 143.18 192.10 Td (based ) Tj ET Q q 0 0 0 rg BT 167.57 192.10 Td (on ) Tj ET Q q 0 0 0 rg BT 179.20 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.05 192.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 219.11 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.51 192.10 Td (which ) Tj ET Q q 0 0 0 rg BT 254.58 192.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 280.08 192.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 323.35 192.10 Td (dif) Tj ET Q q 0 0 0 rg BT 334.28 192.10 Td (fer) Tj ET Q q 0 0 0 rg BT 344.98 192.10 Td (, ) Tj ET Q q 0 0 0 rg BT 349.10 192.10 Td (or ) Tj ET Q q 0 0 0 rg BT 359.06 192.10 Td (are ) Tj ET Q q 0 0 0 rg BT 372.90 192.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 410.06 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.46 192.10 Td (dif) Tj ET Q q 0 0 0 rg BT 430.39 192.10 Td (fer) Tj ET Q q 0 0 0 rg BT 441.09 192.10 Td (, ) Tj ET Q q 0 0 0 rg BT 445.22 192.10 Td (from ) Tj ET Q q 0 0 0 rg BT 466.28 192.10 Td (such ) Tj ET Q q 0 0 0 rg BT 486.24 192.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 527.58 192.10 Td (Changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.59 180.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 101.72 180.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 146.17 180.10 Td (are ) Tj ET Q q 0 0 0 rg BT 161.19 180.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 207.86 180.10 Td (through ) Tj ET Q q 0 0 0 rg BT 241.78 180.10 Td (a ) Tj ET Q q 0 0 0 rg BT 249.02 180.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 296.26 180.10 Td (catch-up ) Tj ET Q q 0 0 0 rg BT 333.49 180.10 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 382.69 180.10 Td (which ) Tj ET Q q 0 0 0 rg BT 409.93 180.10 Td (is ) Tj ET Q q 0 0 0 rg BT 419.41 180.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 466.08 180.10 Td (in ) Tj ET Q q 0 0 0 rg BT 476.67 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.70 180.10 Td (period ) Tj ET Q q 0 0 0 rg BT 520.05 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.19 180.10 Td (change, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.13 168.10 Td (a ) Tj ET Q q 0 0 0 rg BT 76.26 168.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 108.84 168.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 142.52 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.55 168.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 208.22 168.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 267.46 168.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 303.36 168.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.83 168.10 Td (be ) Tj ET Q q 0 0 0 rg BT 327.96 168.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 375.52 168.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.99 168.10 Td (future ) Tj ET Q q 0 0 0 rg BT 414.56 168.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 449.93 168.10 Td (W) Tj ET Q q 0 0 0 rg BT 458.57 168.10 Td (eighted ) Tj ET Q q 0 0 0 rg BT 491.69 168.10 Td (average ) Tj ET Q q 0 0 0 rg BT 526.47 168.10 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 91.22 156.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 113.57 156.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.47 156.10 Td (8.23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.30 156.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.77 156.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.68 156.10 Td (6.79%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.51 156.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.98 156.10 Td (during ) Tj ET Q q 0 0 0 rg BT 242.56 156.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.25 156.10 Td (three ) Tj ET Q q 0 0 0 rg BT 281.71 156.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 156.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.62 156.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.97 156.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 403.21 156.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.21 156.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.68 156.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.59 156.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.59 156.10 Td (, ) Tj ET Q q 0 0 0 rg BT 470.56 156.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 518.22 156.10 Td (. ) Tj ET Q q 0 0 0 rg BT 523.94 156.10 Td (W) Tj ET Q q 0 0 0 rg BT 532.58 156.10 Td (eighted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (average ) Tj ET Q q 0 0 0 rg BT 82.53 144.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 119.50 144.10 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 158.70 144.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 179.01 144.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.89 144.10 Td (10.01%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.72 144.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.16 144.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.04 144.10 Td (9.01%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.87 144.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.31 144.10 Td (during ) Tj ET Q q 0 0 0 rg BT 302.86 144.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.52 144.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 335.18 144.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.63 144.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.07 144.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.39 144.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 450.59 144.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.59 144.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.03 144.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.91 144.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.91 144.10 Td (, ) Tj ET Q q 0 0 0 rg BT 511.86 144.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.52 144.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 118.53505859375002 m 212.7734375 118.53505859375002 l s q 0 0 0 rg BT 50.00 120.10 Td (Non-Employee ) Tj ET Q q 0 0 0 rg BT 115.83 120.10 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 171.11 120.10 Td (Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.38 108.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 115.78 108.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 162.48 108.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 190.31 108.10 Td (for ) Tj ET Q q 0 0 0 rg BT 204.80 108.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 232.62 108.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 282.11 108.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 309.94 108.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.55 108.10 Td (consultants ) Tj ET Q q 0 0 0 rg BT 368.37 108.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.64 108.10 Td (vendors ) Tj ET Q q 0 0 0 rg BT 420.13 108.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.74 108.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 471.32 108.10 Td (for ) Tj ET Q q 0 0 0 rg BT 485.81 108.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 512.53 108.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.80 108.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 82.13 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.48 96.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 140.29 96.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.28 96.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 171.86 96.10 Td (505, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 191.50 96.10 Td (Equity-Based ) Tj ET Q q 0 0 0 rg BT 253.06 96.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 294.07 96.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.98 96.10 Td (Non-Employees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.36 96.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.49 96.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.47 96.10 Td (The ) Tj ET Q q 0 0 0 rg BT 397.15 96.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 452.59 96.10 Td (date ) Tj ET Q q 0 0 0 rg BT 471.38 96.10 Td (for ) Tj ET Q q 0 0 0 rg BT 485.18 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.53 96.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 515.54 96.10 Td (value ) Tj ET Q q 0 0 0 rg BT 539.32 96.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 96.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 77.45 84.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 126.58 84.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 154.04 84.10 Td (is ) Tj ET Q q 0 0 0 rg BT 163.16 84.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 210.60 84.10 Td (at ) Tj ET Q q 0 0 0 rg BT 220.28 84.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.95 84.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 262.94 84.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.73 84.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 285.63 84.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.31 84.10 Td (date ) Tj ET Q q 0 0 0 rg BT 319.42 84.10 Td (at ) Tj ET Q q 0 0 0 rg BT 329.09 84.10 Td (which ) Tj ET Q q 0 0 0 rg BT 355.99 84.10 Td (a ) Tj ET Q q 0 0 0 rg BT 362.89 84.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 415.89 84.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.01 84.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 482.99 84.10 Td (by ) Tj ET Q q 0 0 0 rg BT 495.45 84.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.13 84.10 Td (consultant ) Tj ET Q q 0 0 0 rg BT 553.69 84.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (vendor ) Tj ET Q q 0 0 0 rg BT 79.82 72.10 Td (is ) Tj ET Q q 0 0 0 rg BT 88.54 72.10 Td (reached ) Tj ET Q q 0 0 0 rg BT 121.67 72.10 Td (or ) Tj ET Q q 0 0 0 rg BT 132.05 72.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 146.32 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.58 72.10 Td (date ) Tj ET Q q 0 0 0 rg BT 179.29 72.10 Td (at ) Tj ET Q q 0 0 0 rg BT 188.56 72.10 Td (which ) Tj ET Q q 0 0 0 rg BT 215.04 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.31 72.10 Td (consultant ) Tj ET Q q 0 0 0 rg BT 272.46 72.10 Td (or ) Tj ET Q q 0 0 0 rg BT 282.84 72.10 Td (vendor's ) Tj ET Q q 0 0 0 rg BT 318.36 72.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 370.93 72.10 Td (is ) Tj ET Q q 0 0 0 rg BT 379.65 72.10 Td (complete. ) Tj ET Q q 0 0 0 rg BT 420.70 72.10 Td (The ) Tj ET Q q 0 0 0 rg BT 438.30 72.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 454.22 72.10 Td (value ) Tj ET Q q 0 0 0 rg BT 477.93 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.31 72.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 515.35 72.10 Td (instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 77.86 60.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.50 60.10 Td (consultants ) Tj ET Q q 0 0 0 rg BT 136.35 60.10 Td (that ) Tj ET Q q 0 0 0 rg BT 154.20 60.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 173.17 60.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 226.02 60.10 Td (is ) Tj ET Q q 0 0 0 rg BT 235.54 60.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 275.61 60.10 Td (when ) Tj ET Q q 0 0 0 rg BT 300.13 60.10 Td (issued. ) Tj ET Q q 0 0 0 rg BT 330.28 60.10 Td (The ) Tj ET Q q 0 0 0 rg BT 348.69 60.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 365.42 60.10 Td (value ) Tj ET Q q 0 0 0 rg BT 389.94 60.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.13 60.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 428.98 60.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 478.50 60.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 506.36 60.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.00 60.10 Td (consultants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.75 48.10 Td (have ) Tj ET Q q 0 0 0 rg BT 87.39 48.10 Td (future ) Tj ET Q q 0 0 0 rg BT 113.03 48.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 143.67 48.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.87 48.10 Td (are ) Tj ET Q q 0 0 0 rg BT 173.84 48.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 203.92 48.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.46 48.10 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 252.97 48.10 Td (if ) Tj ET Q q 0 0 0 rg BT 260.84 48.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 313.12 48.10 Td (does ) Tj ET Q q 0 0 0 rg BT 333.21 48.10 Td (not ) Tj ET Q q 0 0 0 rg BT 347.75 48.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 371.71 48.10 Td (is ) Tj ET Q q 0 0 0 rg BT 380.14 48.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 425.77 48.10 Td (as ) Tj ET Q q 0 0 0 rg BT 435.85 48.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 469.82 48.10 Td (over ) Tj ET Q q 0 0 0 rg BT 489.35 48.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.33 48.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 533.97 48.10 Td (period. ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 68.35 731.10 Td (values ) Tj ET Q q 0 0 0 rg BT 96.14 731.10 Td (for ) Tj ET Q q 0 0 0 rg BT 110.04 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.50 731.10 Td (unvested ) Tj ET Q q 0 0 0 rg BT 162.29 731.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 193.42 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.99 731.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 231.24 731.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 280.15 731.10 Td (are ) Tj ET Q q 0 0 0 rg BT 294.59 731.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 330.16 731.10 Td (each ) Tj ET Q q 0 0 0 rg BT 350.72 731.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 389.62 731.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 419.75 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 437.54 731.10 Td (change ) Tj ET Q q 0 0 0 rg BT 468.09 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.11 731.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 494.23 731.10 Td (value ) Tj ET Q q 0 0 0 rg BT 518.13 731.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.04 731.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.09 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.61 719.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 138.23 719.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 192.08 719.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 237.60 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.24 719.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 296.70 719.10 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 348.89 719.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 390.52 719.10 Td (related ) Tj ET Q q 0 0 0 rg BT 421.03 719.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.12 719.10 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 496.52 719.10 Td (is ) Tj ET Q q 0 0 0 rg BT 506.50 719.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 550.34 719.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (based ) Tj ET Q q 0 0 0 rg BT 75.27 707.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.77 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.49 707.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 118.86 707.10 Td (value ) Tj ET Q q 0 0 0 rg BT 143.02 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.85 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.56 707.10 Td (related ) Tj ET Q q 0 0 0 rg BT 198.27 707.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 221.88 707.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.71 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.42 707.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 263.80 707.10 Td (value ) Tj ET Q q 0 0 0 rg BT 287.95 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.78 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.50 707.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 350.71 707.10 Td (whichever ) Tj ET Q q 0 0 0 rg BT 394.85 707.10 Td (is ) Tj ET Q q 0 0 0 rg BT 404.02 707.10 Td (more ) Tj ET Q q 0 0 0 rg BT 427.07 707.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 457.33 707.10 Td (determinable.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 681.53505859375 m 141.3818359375 681.53505859375 l s q 0 0 0 rg BT 50.00 683.10 Td (Segment Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 72.39 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.55 671.10 Td (its ) Tj ET Q q 0 0 0 rg BT 94.38 671.10 Td (mer) Tj ET Q q 0 0 0 rg BT 109.75 671.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 124.90 671.10 Td (with ) Tj ET Q q 0 0 0 rg BT 144.89 671.10 Td (T) Tj ET Q q 0 0 0 rg BT 150.30 671.10 Td (apInfluence, ) Tj ET Q q 0 0 0 rg BT 202.38 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.98 671.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.26 671.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 296.73 671.10 Td (its ) Tj ET Q q 0 0 0 rg BT 308.57 671.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 352.61 671.10 Td (as ) Tj ET Q q 0 0 0 rg BT 363.32 671.10 Td (one ) Tj ET Q q 0 0 0 rg BT 380.15 671.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 415.86 671.10 Td (for ) Tj ET Q q 0 0 0 rg BT 429.90 671.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 468.94 671.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 506.88 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.70 671.10 Td (evaluated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.62 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 112.02 659.10 Td (made ) Tj ET Q q 0 0 0 rg BT 136.64 659.10 Td (business ) Tj ET Q q 0 0 0 rg BT 173.50 659.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 213.68 659.10 Td (based ) Tj ET Q q 0 0 0 rg BT 239.41 659.10 Td (on ) Tj ET Q q 0 0 0 rg BT 252.37 659.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 305.88 659.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 337.45 659.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 346.71 659.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 376.88 659.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.62 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.80 659.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 434.08 659.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 460.92 659.10 Td (September ) Tj ET Q q 0 0 0 rg BT 506.65 659.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 522.11 659.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 547.57 659.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 90.09 647.10 Td (as ) Tj ET Q q 0 0 0 rg BT 101.31 647.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.63 647.10 Td (result ) Tj ET Q q 0 0 0 rg BT 133.73 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.94 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.04 647.10 Td (mer) Tj ET Q q 0 0 0 rg BT 175.40 647.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 191.06 647.10 Td (with ) Tj ET Q q 0 0 0 rg BT 211.51 647.10 Td (T) Tj ET Q q 0 0 0 rg BT 216.92 647.10 Td (apInfluence, ) Tj ET Q q 0 0 0 rg BT 269.49 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.59 647.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 326.36 647.10 Td (has ) Tj ET Q q 0 0 0 rg BT 342.57 647.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 395.45 647.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 436.64 647.10 Td (its ) Tj ET Q q 0 0 0 rg BT 448.97 647.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 493.51 647.10 Td (related ) Tj ET Q q 0 0 0 rg BT 523.60 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.26 647.10 Td (license ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 68.68 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 85.70 635.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 137.13 635.10 Td (spend ) Tj ET Q q 0 0 0 rg BT 163.04 635.10 Td (fees. ) Tj ET Q q 0 0 0 rg BT 183.65 635.10 Td (As ) Tj ET Q q 0 0 0 rg BT 197.34 635.10 Td (a ) Tj ET Q q 0 0 0 rg BT 204.36 635.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 231.66 635.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 273.13 635.10 Td (management ) Tj ET Q q 0 0 0 rg BT 326.79 635.10 Td (is ) Tj ET Q q 0 0 0 rg BT 336.04 635.10 Td (now ) Tj ET Q q 0 0 0 rg BT 355.84 635.10 Td (actively ) Tj ET Q q 0 0 0 rg BT 390.07 635.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 434.30 635.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.54 635.10 Td (under ) Tj ET Q q 0 0 0 rg BT 503.89 635.10 Td (two ) Tj ET Q q 0 0 0 rg BT 521.47 635.10 Td (reportable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 623.10 Td (business ) Tj ET Q q 0 0 0 rg BT 86.39 623.10 Td (segments ) Tj ET Q q 0 0 0 rg BT 126.11 623.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 144.71 623.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 166.65 623.10 Td (9\).) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 597.53505859375 m 120.5419921875 597.53505859375 l s q 0 0 0 rg BT 50.00 599.10 Td (Use ) Tj ET Q q 0 0 0 rg BT 68.05 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.88 599.10 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.03 587.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 116.04 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.86 587.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 164.32 587.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 209.02 587.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.28 587.10 Td (conformity ) Tj ET Q q 0 0 0 rg BT 266.19 587.10 Td (with ) Tj ET Q q 0 0 0 rg BT 286.46 587.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 313.31 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.79 587.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 350.48 587.10 Td (management ) Tj ET Q q 0 0 0 rg BT 404.06 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.32 587.10 Td (make ) Tj ET Q q 0 0 0 rg BT 438.45 587.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 478.15 587.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.07 587.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 547.00 587.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 575.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.30 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.25 575.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 126.29 575.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 162.91 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.96 575.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 200.02 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.19 575.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 257.14 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.30 575.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 317.58 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.64 575.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 373.58 575.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 399.64 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.80 575.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 456.75 575.10 Td (at ) Tj ET Q q 0 0 0 rg BT 466.69 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.64 575.10 Td (date ) Tj ET Q q 0 0 0 rg BT 501.02 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.08 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.03 575.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.52 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.26 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.78 563.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 161.40 563.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 197.59 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.22 563.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 246.06 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.80 563.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 301.21 563.10 Td (during ) Tj ET Q q 0 0 0 rg BT 329.62 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.14 563.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 383.10 563.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 412.94 563.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 441.90 563.10 Td (results ) Tj ET Q q 0 0 0 rg BT 470.31 563.10 Td (could ) Tj ET Q q 0 0 0 rg BT 494.83 563.10 Td (dif) Tj ET Q q 0 0 0 rg BT 505.76 563.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 519.16 563.10 Td (from ) Tj ET Q q 0 0 0 rg BT 540.90 563.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (estimates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td () Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 525.53505859375 m 120.546875 525.53505859375 l s q 0 0 0 rg BT 50.00 527.10 Td (Reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 82.17 515.10 Td (items ) Tj ET Q q 0 0 0 rg BT 106.57 515.10 Td (have ) Tj ET Q q 0 0 0 rg BT 128.18 515.10 Td (been ) Tj ET Q q 0 0 0 rg BT 149.79 515.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 198.05 515.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.56 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.51 515.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 246.25 515.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.96 515.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 328.91 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.42 515.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 376.03 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.54 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.49 515.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 424.22 515.10 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 478.33 515.10 Td ( ) Tj ET Q q 0 0 0 rg BT 481.06 515.10 Td (In ) Tj ET Q q 0 0 0 rg BT 492.13 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.08 515.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 553.69 515.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 73.00 503.10 Td (Flows, ) Tj ET Q q 0 0 0 rg BT 102.96 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.18 503.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 160.07 503.10 Td (has ) Tj ET Q q 0 0 0 rg BT 176.41 503.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 224.95 503.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 266.27 503.10 Td (on ) Tj ET Q q 0 0 0 rg BT 279.28 503.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 326.17 503.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 366.39 503.10 Td (as ) Tj ET Q q 0 0 0 rg BT 377.72 503.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 418.49 503.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 457.59 503.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 483.91 503.10 Td (than ) Tj ET Q q 0 0 0 rg BT 504.13 503.10 Td (as ) Tj ET Q q 0 0 0 rg BT 515.47 503.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.91 503.10 Td (change ) Tj ET Q q 0 0 0 rg BT 554.23 503.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 83.58 491.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 122.18 491.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.46 491.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 172.72 491.10 Td (activities. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 465.53505859375 m 204.248046875 465.53505859375 l s q 0 0 0 rg BT 50.00 467.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 81.38 467.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 143.13 467.10 Td (onouncements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.25 467.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.02 455.10 Td (February ) Tj ET Q q 0 0 0 rg BT 99.80 455.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 124.99 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.89 455.10 Td (F) Tj ET Q q 0 0 0 rg BT 144.71 455.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 166.85 455.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 193.95 455.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 216.64 455.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 234.05 455.10 Td (2016-02,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 269.88 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.56 455.10 Td (Leases ) Tj ET Q q 0 0 0 rg BT 302.47 455.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 310.45 455.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 330.35 455.10 Td (842\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.68 455.10 Td (. ) Tj ET Q q 0 0 0 rg BT 353.67 455.10 Td (This ) Tj ET Q q 0 0 0 rg BT 373.55 455.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 396.24 455.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 435.57 455.10 Td (transparency ) Tj ET Q q 0 0 0 rg BT 489.34 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.47 455.10 Td (comparability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (among ) Tj ET Q q 0 0 0 rg BT 79.97 443.10 Td (or) Tj ET Q q 0 0 0 rg BT 88.12 443.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 136.41 443.10 Td (by ) Tj ET Q q 0 0 0 rg BT 149.16 443.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 199.12 443.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 221.85 443.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 247.93 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.12 443.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 287.86 443.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 327.83 443.10 Td (on ) Tj ET Q q 0 0 0 rg BT 340.58 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.55 443.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 388.83 443.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 412.13 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.32 443.10 Td (disclosing ) Tj ET Q q 0 0 0 rg BT 472.63 443.10 Td (key ) Tj ET Q q 0 0 0 rg BT 489.82 443.10 Td (information ) Tj ET Q q 0 0 0 rg BT 539.78 443.10 Td (about ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 80.94 431.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 139.73 431.10 Td (The ) Tj ET Q q 0 0 0 rg BT 157.90 431.10 Td (new ) Tj ET Q q 0 0 0 rg BT 177.17 431.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 213.67 431.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 259.61 431.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.67 431.10 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 316.49 431.10 Td (model ) Tj ET Q q 0 0 0 rg BT 344.10 431.10 Td (that ) Tj ET Q q 0 0 0 rg BT 361.72 431.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 396.54 431.10 Td (a ) Tj ET Q q 0 0 0 rg BT 403.60 431.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 430.09 431.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.48 431.10 Td (record ) Tj ET Q q 0 0 0 rg BT 468.64 431.10 Td (a ) Tj ET Q q 0 0 0 rg BT 475.69 431.10 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 525.52 431.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 547.57 431.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.79 419.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 79.13 419.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 112.59 419.10 Td (on ) Tj ET Q q 0 0 0 rg BT 124.95 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.52 419.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 172.40 419.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 195.30 419.10 Td (for ) Tj ET Q q 0 0 0 rg BT 209.32 419.10 Td (all ) Tj ET Q q 0 0 0 rg BT 221.67 419.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 247.90 419.10 Td (with ) Tj ET Q q 0 0 0 rg BT 268.03 419.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 292.60 419.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 320.50 419.10 Td (than ) Tj ET Q q 0 0 0 rg BT 340.07 419.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 352.42 419.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 386.72 419.10 Td (Leases ) Tj ET Q q 0 0 0 rg BT 416.28 419.10 Td (will ) Tj ET Q q 0 0 0 rg BT 434.19 419.10 Td (be ) Tj ET Q q 0 0 0 rg BT 445.99 419.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 486.10 419.10 Td (as ) Tj ET Q q 0 0 0 rg BT 496.79 419.10 Td (either ) Tj ET Q q 0 0 0 rg BT 521.90 419.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 553.68 419.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (operating, ) Tj ET Q q 0 0 0 rg BT 91.91 407.10 Td (with ) Tj ET Q q 0 0 0 rg BT 111.33 407.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 165.73 407.10 Td (af) Tj ET Q q 0 0 0 rg BT 173.32 407.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 202.72 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.58 407.10 Td (pattern ) Tj ET Q q 0 0 0 rg BT 245.99 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.96 407.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 289.81 407.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 337.00 407.10 Td (in ) Tj ET Q q 0 0 0 rg BT 346.42 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.28 407.10 Td (income ) Tj ET Q q 0 0 0 rg BT 391.36 407.10 Td (statement. ) Tj ET Q q 0 0 0 rg BT 433.82 407.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 457.68 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.54 407.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 507.06 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.03 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.89 407.10 Td (original ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (standard, ) Tj ET Q q 0 0 0 rg BT 88.24 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.32 395.10 Td (F) Tj ET Q q 0 0 0 rg BT 107.14 395.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 128.46 395.10 Td (has ) Tj ET Q q 0 0 0 rg BT 143.66 395.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 170.52 395.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.83 395.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 223.13 395.10 Td (update, ) Tj ET Q q 0 0 0 rg BT 253.74 395.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 275.61 395.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 292.20 395.10 Td (2018-01, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 329.89 395.10 Td (Land ) Tj ET Q q 0 0 0 rg BT 352.32 395.10 Td (Easement ) Tj ET Q q 0 0 0 rg BT 393.06 395.10 Td (Practical ) Tj ET Q q 0 0 0 rg BT 432.14 395.10 Td (Expedient ) Tj ET Q q 0 0 0 rg BT 473.98 395.10 Td (for ) Tj ET Q q 0 0 0 rg BT 487.52 395.10 Td (T) Tj ET Q q 0 0 0 rg BT 492.53 395.10 Td (ransition ) Tj ET Q q 0 0 0 rg BT 530.51 395.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.15 395.10 Td (T) Tj ET Q q 0 0 0 rg BT 544.80 395.10 Td (opic ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 383.10 Td (, ) Tj ET Q q 0 0 0 rg BT 70.05 383.10 Td (which ) Tj ET Q q 0 0 0 rg BT 97.03 383.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 134.02 383.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.01 383.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 177.97 383.10 Td (expedient ) Tj ET Q q 0 0 0 rg BT 219.39 383.10 Td (for ) Tj ET Q q 0 0 0 rg BT 233.60 383.10 Td (land ) Tj ET Q q 0 0 0 rg BT 253.37 383.10 Td (easements. ) Tj ET Q q 0 0 0 rg BT 299.32 383.10 Td (The ) Tj ET Q q 0 0 0 rg BT 317.42 383.10 Td (new ) Tj ET Q q 0 0 0 rg BT 336.63 383.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 373.05 383.10 Td (is ) Tj ET Q q 0 0 0 rg BT 382.27 383.10 Td (ef) Tj ET Q q 0 0 0 rg BT 389.86 383.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 419.61 383.10 Td (for ) Tj ET Q q 0 0 0 rg BT 433.81 383.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 458.02 383.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 484.16 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.15 383.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 532.58 383.10 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (within ) Tj ET Q q 0 0 0 rg BT 78.69 371.10 Td (those ) Tj ET Q q 0 0 0 rg BT 102.92 371.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 127.71 371.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 154.43 371.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 197.56 371.10 Td (after ) Tj ET Q q 0 0 0 rg BT 219.00 371.10 Td (December ) Tj ET Q q 0 0 0 rg BT 263.22 371.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 278.84 371.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 304.47 371.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 329.26 371.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 367.38 371.10 Td (is ) Tj ET Q q 0 0 0 rg BT 377.18 371.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 420.44 371.10 Td (A) Tj ET Q q 0 0 0 rg BT 427.11 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.24 371.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 469.47 371.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 524.24 371.10 Td (transition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 89.89 359.10 Td (is ) Tj ET Q q 0 0 0 rg BT 99.80 359.10 Td (required ) Tj ET Q q 0 0 0 rg BT 136.35 359.10 Td (for ) Tj ET Q q 0 0 0 rg BT 151.26 359.10 Td (lessees ) Tj ET Q q 0 0 0 rg BT 182.27 359.10 Td (for ) Tj ET Q q 0 0 0 rg BT 197.17 359.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 227.06 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.74 359.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 285.74 359.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 312.86 359.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 347.77 359.10 Td (at, ) Tj ET Q q 0 0 0 rg BT 360.73 359.10 Td (or ) Tj ET Q q 0 0 0 rg BT 372.30 359.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 404.96 359.10 Td (into ) Tj ET Q q 0 0 0 rg BT 423.76 359.10 Td (after) Tj ET Q q 0 0 0 rg BT 441.67 359.10 Td (, ) Tj ET Q q 0 0 0 rg BT 447.42 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.87 359.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 506.11 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.68 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.14 359.10 Td (earliest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 102.17 347.10 Td (period ) Tj ET Q q 0 0 0 rg BT 130.47 347.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 171.54 347.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.07 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.04 347.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.77 347.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 282.24 347.10 Td (with ) Tj ET Q q 0 0 0 rg BT 302.77 347.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 332.73 347.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 369.90 347.10 Td (expedients ) Tj ET Q q 0 0 0 rg BT 415.41 347.10 Td (available. ) Tj ET Q q 0 0 0 rg BT 456.56 347.10 Td (The ) Tj ET Q q 0 0 0 rg BT 474.86 347.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 516.50 347.10 Td (is ) Tj ET Q q 0 0 0 rg BT 525.92 347.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 94.15 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.87 335.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 138.58 335.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.07 335.10 Td (this ) Tj ET Q q 0 0 0 rg BT 172.47 335.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 194.98 335.10 Td (will ) Tj ET Q q 0 0 0 rg BT 213.03 335.10 Td (have ) Tj ET Q q 0 0 0 rg BT 234.41 335.10 Td (on ) Tj ET Q q 0 0 0 rg BT 246.91 335.10 Td (its ) Tj ET Q q 0 0 0 rg BT 258.86 335.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 311.90 335.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 349.38 335.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.70 311.10 Td (January ) Tj ET Q q 0 0 0 rg BT 96.17 311.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 122.04 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.63 311.10 Td (F) Tj ET Q q 0 0 0 rg BT 142.45 311.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 165.27 311.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 192.90 311.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 216.27 311.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 234.37 311.10 Td (2017-04, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.57 311.10 Td (IntangiblesGoodwill ) Tj ET Q q 0 0 0 rg BT 368.05 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.42 311.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 413.12 311.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 421.09 311.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 441.68 311.10 Td (350\): ) Tj ET Q q 0 0 0 rg BT 466.71 311.10 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 515.64 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.22 311.10 Td (T) Tj ET Q q 0 0 0 rg BT 535.87 311.10 Td (est ) Tj ET Q q 0 0 0 rg BT 550.35 311.10 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 89.64 299.10 Td (Impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.72 299.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 168.91 299.10 Td (2017-04\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 210.01 299.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.92 299.10 Td (T) Tj ET Q q 0 0 0 rg BT 220.33 299.10 Td (o ) Tj ET Q q 0 0 0 rg BT 227.75 299.10 Td (address ) Tj ET Q q 0 0 0 rg BT 260.16 299.10 Td (concerns ) Tj ET Q q 0 0 0 rg BT 298.11 299.10 Td (over ) Tj ET Q q 0 0 0 rg BT 318.29 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.93 299.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 351.45 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.30 299.10 Td (complexity ) Tj ET Q q 0 0 0 rg BT 415.71 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.46 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.09 299.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 477.94 299.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 515.92 299.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 68.88 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.60 287.10 Td (new ) Tj ET Q q 0 0 0 rg BT 102.75 287.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 139.13 287.10 Td (removes ) Tj ET Q q 0 0 0 rg BT 175.50 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.21 287.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 241.02 287.10 Td (for ) Tj ET Q q 0 0 0 rg BT 255.18 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.89 287.10 Td (second ) Tj ET Q q 0 0 0 rg BT 300.16 287.10 Td (step ) Tj ET Q q 0 0 0 rg BT 318.76 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.59 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.30 287.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 382.35 287.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 430.95 287.10 Td (test ) Tj ET Q q 0 0 0 rg BT 447.33 287.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.49 287.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 491.19 287.10 Td (entities. ) Tj ET Q q 0 0 0 rg BT 524.52 287.10 Td (An ) Tj ET Q q 0 0 0 rg BT 539.23 287.10 Td (entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.74 275.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 94.47 275.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.43 275.10 Td (one-step ) Tj ET Q q 0 0 0 rg BT 137.82 275.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 187.55 275.10 Td (test ) Tj ET Q q 0 0 0 rg BT 203.95 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.91 275.10 Td (record ) Tj ET Q q 0 0 0 rg BT 248.97 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.70 275.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 296.22 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.06 275.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 345.14 275.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 393.76 275.10 Td (as ) Tj ET Q q 0 0 0 rg BT 404.61 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.34 275.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 447.96 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.81 275.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.76 275.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 504.94 275.10 Td (unit's ) Tj ET Q q 0 0 0 rg BT 528.71 275.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.10 263.10 Td (over ) Tj ET Q q 0 0 0 rg BT 101.98 263.10 Td (its ) Tj ET Q q 0 0 0 rg BT 113.54 263.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 129.52 263.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 155.79 263.10 Td (not ) Tj ET Q q 0 0 0 rg BT 170.67 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.56 263.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 210.42 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.75 263.10 Td (total ) Tj ET Q q 0 0 0 rg BT 244.63 263.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 276.73 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.17 263.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 324.84 263.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 363.03 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.92 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.25 263.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 426.01 263.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 446.02 263.10 Td (The ) Tj ET Q q 0 0 0 rg BT 463.68 263.10 Td (new ) Tj ET Q q 0 0 0 rg BT 482.44 263.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 518.43 263.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.21 263.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.80 263.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.11 251.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 86.21 251.10 Td (years ) Tj ET Q q 0 0 0 rg BT 108.75 251.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 150.20 251.10 Td (after ) Tj ET Q q 0 0 0 rg BT 169.96 251.10 Td (December ) Tj ET Q q 0 0 0 rg BT 212.49 251.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 226.44 251.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 250.38 251.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 273.48 251.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 309.93 251.10 Td (is ) Tj ET Q q 0 0 0 rg BT 318.04 251.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 357.81 251.10 Td (for ) Tj ET Q q 0 0 0 rg BT 370.92 251.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 399.03 251.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 421.02 251.10 Td (after ) Tj ET Q q 0 0 0 rg BT 440.79 251.10 Td (January ) Tj ET Q q 0 0 0 rg BT 473.33 251.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 482.28 251.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 506.12 251.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.11 251.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 239.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 97.76 239.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 141.91 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.63 239.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 186.34 239.10 Td (that ) Tj ET Q q 0 0 0 rg BT 203.29 239.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 225.79 239.10 Td (2017-04 ) Tj ET Q q 0 0 0 rg BT 261.62 239.10 Td (will ) Tj ET Q q 0 0 0 rg BT 279.68 239.10 Td (have ) Tj ET Q q 0 0 0 rg BT 301.05 239.10 Td (on ) Tj ET Q q 0 0 0 rg BT 313.55 239.10 Td (its ) Tj ET Q q 0 0 0 rg BT 325.50 239.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 378.54 239.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 416.03 239.10 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td (NOTE 2. ) Tj ET Q q 0 0 0 rg BT 122.00 215.10 Td (BUSINESS COMBINA) Tj ET Q q 0 0 0 rg BT 221.56 215.10 Td (TIONS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.64 191.10 Td (apInfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.27 179.10 Td (July ) Tj ET Q q 0 0 0 rg BT 83.00 179.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 97.55 179.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 122.10 179.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 144.32 179.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.37 179.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 190.07 179.10 Td (its ) Tj ET Q q 0 0 0 rg BT 201.57 179.10 Td (mer) Tj ET Q q 0 0 0 rg BT 216.94 179.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 231.76 179.10 Td (with ) Tj ET Q q 0 0 0 rg BT 251.44 179.10 Td (T) Tj ET Q q 0 0 0 rg BT 256.85 179.10 Td (apInfluence, ) Tj ET Q q 0 0 0 rg BT 308.60 179.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 328.42 179.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 364.91 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.74 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.01 179.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 413.28 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.66 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.48 179.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 483.95 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.44 179.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 520.27 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.65 179.10 Td (Mer) Tj ET Q q 0 0 0 rg BT 547.13 179.10 Td (ger) Tj ET Q q 0 0 0 rg BT 559.50 179.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 74.30 167.10 Td (as ) Tj ET Q q 0 0 0 rg BT 85.28 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.26 167.10 Td (July ) Tj ET Q q 0 0 0 rg BT 115.58 167.10 Td (1) Tj ET Q q 0 0 0 rg BT 120.21 167.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 130.36 167.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 155.51 167.10 Td (by ) Tj ET Q q 0 0 0 rg BT 168.16 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.24 167.10 Td (among ) Tj ET Q q 0 0 0 rg BT 215.11 167.10 Td (IZEA, ) Tj ET Q q 0 0 0 rg BT 243.03 167.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 265.24 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.89 167.10 Td (Mer) Tj ET Q q 0 0 0 rg BT 284.37 167.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 299.79 167.10 Td (Sub, ) Tj ET Q q 0 0 0 rg BT 320.50 167.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 340.73 167.10 Td (T) Tj ET Q q 0 0 0 rg BT 346.14 167.10 Td (apInfluence, ) Tj ET Q q 0 0 0 rg BT 398.48 167.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 428.33 167.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 481.52 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.31 167.10 Td (T) Tj ET Q q 0 0 0 rg BT 497.72 167.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 547.56 167.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.70 155.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 117.83 155.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.31 155.10 Td (representative, ) Tj ET Q q 0 0 0 rg BT 181.37 155.10 Td (as ) Tj ET Q q 0 0 0 rg BT 192.18 155.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 230.75 155.10 Td (by ) Tj ET Q q 0 0 0 rg BT 242.68 155.10 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 294.60 155.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 311.80 155.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 319.28 155.10 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 352.02 155.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 376.16 155.10 Td (as ) Tj ET Q q 0 0 0 rg BT 386.97 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.77 155.10 Td (July ) Tj ET Q q 0 0 0 rg BT 416.92 155.10 Td (20, ) Tj ET Q q 0 0 0 rg BT 431.90 155.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 454.38 155.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 472.41 155.10 Td ("Mer) Tj ET Q q 0 0 0 rg BT 492.97 155.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 507.67 155.10 Td (Agreement"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.88 143.10 Td (mer) Tj ET Q q 0 0 0 rg BT 83.24 143.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 98.34 143.10 Td (was ) Tj ET Q q 0 0 0 rg BT 116.23 143.10 Td (consummated, ) Tj ET Q q 0 0 0 rg BT 176.60 143.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.71 143.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 207.09 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.20 143.10 Td (further ) Tj ET Q q 0 0 0 rg BT 246.74 143.10 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 294.61 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.16 143.10 Td (influencer ) Tj ET Q q 0 0 0 rg BT 352.02 143.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 394.90 143.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 430.01 143.10 Td (for ) Tj ET Q q 0 0 0 rg BT 444.00 143.10 Td (IZEA, ) Tj ET Q q 0 0 0 rg BT 471.60 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.37 143.10 Td (for ) Tj ET Q q 0 0 0 rg BT 502.36 143.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 524.58 143.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.91 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.02 143.10 Td (obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 83.40 131.10 Td (from ) Tj ET Q q 0 0 0 rg BT 104.59 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.55 131.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 164.18 131.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.26 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.10 131.10 Td (T) Tj ET Q q 0 0 0 rg BT 193.51 131.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 242.44 131.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 288.63 131.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 324.81 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.99 131.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 374.40 131.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 412.81 131.10 Td (base, ) Tj ET Q q 0 0 0 rg BT 434.82 131.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 482.66 131.10 Td (from ) Tj ET Q q 0 0 0 rg BT 503.72 131.10 Td (T) Tj ET Q q 0 0 0 rg BT 509.13 131.10 Td (apInfluence's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 98.58 119.10 Td (customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 Td (At ) Tj ET Q q 0 0 0 rg BT 63.26 95.10 Td (closing, ) Tj ET Q q 0 0 0 rg BT 97.90 95.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 120.12 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.37 95.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 143.84 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.64 95.10 Td (T) Tj ET Q q 0 0 0 rg BT 160.05 95.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 210.50 95.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 264.30 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.78 95.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 299.70 95.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.29 95.10 Td ($1,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.29 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.54 95.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.58 95.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 394.10 95.10 Td (less ) Tj ET Q q 0 0 0 rg BT 412.36 95.10 Td (an ) Tj ET Q q 0 0 0 rg BT 425.05 95.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 466.63 95.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 498.77 95.10 Td (working ) Tj ET Q q 0 0 0 rg BT 535.36 95.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 95.89 83.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.24 83.10 Td ($181,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.74 83.10 Td (, ) Tj ET Q q 0 0 0 rg BT 148.25 83.10 Td (along ) Tj ET Q q 0 0 0 rg BT 172.48 83.10 Td (with ) Tj ET Q q 0 0 0 rg BT 192.27 83.10 Td (other ) Tj ET Q q 0 0 0 rg BT 214.82 83.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 264.61 83.10 Td (as ) Tj ET Q q 0 0 0 rg BT 274.95 83.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 306.95 83.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.74 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.97 83.10 Td (Mer) Tj ET Q q 0 0 0 rg BT 347.45 83.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 361.78 83.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 410.72 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.17 83.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.18 83.10 Td (1,150,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.18 83.10 Td ( ) Tj ET Q q 0 0 0 rg BT 496.19 83.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 523.19 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.54 83.10 Td (IZEA's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.80 71.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.72 71.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 141.18 71.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.20 71.10 Td ($1,759,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.20 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.01 71.10 Td (based ) Tj ET Q q 0 0 0 rg BT 224.58 71.10 Td (on ) Tj ET Q q 0 0 0 rg BT 237.39 71.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.41 71.10 Td ($1.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.91 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.72 71.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 309.41 71.10 Td (market ) Tj ET Q q 0 0 0 rg BT 339.98 71.10 Td (price ) Tj ET Q q 0 0 0 rg BT 362.78 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.91 71.10 Td (IZEA's ) Tj ET Q q 0 0 0 rg BT 405.18 71.10 Td (common ) Tj ET Q q 0 0 0 rg BT 442.98 71.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 466.90 71.10 Td (on ) Tj ET Q q 0 0 0 rg BT 479.71 71.10 Td (July ) Tj ET Q q 0 0 0 rg BT 499.18 71.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 514.49 71.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 539.79 71.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 562.01 71.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (has ) Tj ET Q q 0 0 0 rg BT 65.15 59.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 93.62 59.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.23 59.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 119.36 59.10 Td (T) Tj ET Q q 0 0 0 rg BT 124.77 59.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 173.78 59.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 226.15 59.10 Td (an ) Tj ET Q q 0 0 0 rg BT 237.41 59.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.23 59.10 Td ($4,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.23 59.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.05 59.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.65 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.69 59.10 Td (form ) Tj ET Q q 0 0 0 rg BT 370.96 59.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.11 59.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 403.20 59.10 Td (common ) Tj ET Q q 0 0 0 rg BT 440.02 59.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 462.95 59.10 Td (or ) Tj ET Q q 0 0 0 rg BT 473.11 59.10 Td (a ) Tj ET Q q 0 0 0 rg BT 479.37 59.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 531.18 59.10 Td (thereof, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.59 47.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 81.25 47.10 Td () Tj ET Q q 0 0 0 rg BT 84.03 47.10 Td (s ) Tj ET Q q 0 0 0 rg BT 90.30 47.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 120.74 47.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.89 47.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.89 47.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.27 47.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 198.98 47.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.69 47.10 Td ($1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.69 47.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.07 47.10 Td (six ) Tj ET Q q 0 0 0 rg BT 266.11 47.10 Td (months ) Tj ET Q q 0 0 0 rg BT 297.94 47.10 Td (after ) Tj ET Q q 0 0 0 rg BT 318.63 47.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.23 47.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 364.49 47.10 Td (date ) Tj ET Q q 0 0 0 rg BT 383.53 47.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.23 47.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.83 47.10 Td (mer) Tj ET Q q 0 0 0 rg BT 424.19 47.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 439.34 47.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.16 47.10 Td ($3,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.16 47.10 Td ( ) Tj ET Q q 0 0 0 rg BT 503.54 47.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 532.57 47.10 Td (months ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (after ) Tj ET Q q 0 0 0 rg BT 71.42 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.75 742.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 118.74 742.10 Td (date ) Tj ET Q q 0 0 0 rg BT 138.51 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.94 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.27 742.10 Td (mer) Tj ET Q q 0 0 0 rg BT 180.63 742.10 Td (ger) Tj ET Q q 0 0 0 rg BT 192.85 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 198.46 742.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 224.35 742.10 Td (issuances, ) Tj ET Q q 0 0 0 rg BT 267.72 742.10 Td (if ) Tj ET Q q 0 0 0 rg BT 276.94 742.10 Td (any) Tj ET Q q 0 0 0 rg BT 290.73 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 296.34 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 315.00 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 327.55 742.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 375.63 742.10 Td (based ) Tj ET Q q 0 0 0 rg BT 401.51 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 414.62 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.94 742.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 443.05 742.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 474.48 742.10 Td (day ) Tj ET Q q 0 0 0 rg BT 492.03 742.10 Td (volume-weighted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (average ) Tj ET Q q 0 0 0 rg BT 84.03 730.10 Td (price ) Tj ET Q q 0 0 0 rg BT 106.97 730.10 Td (per ) Tj ET Q q 0 0 0 rg BT 122.69 730.10 Td (share ) Tj ET Q q 0 0 0 rg BT 146.73 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.01 730.10 Td (IZEA's ) Tj ET Q q 0 0 0 rg BT 189.42 730.10 Td (common ) Tj ET Q q 0 0 0 rg BT 227.37 730.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 251.43 730.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 273.81 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.54 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.71 730.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 337.09 730.10 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.19 730.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 388.25 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 408.97 730.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 450.24 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.63 730.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 491.69 730.10 Td (issuances ) Tj ET Q q 0 0 0 rg BT 532.41 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 552.57 730.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 87.41 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 109.26 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.88 718.10 Td (six ) Tj ET Q q 0 0 0 rg BT 137.96 718.10 Td (month ) Tj ET Q q 0 0 0 rg BT 165.93 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 176.67 718.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 205.74 718.10 Td (month ) Tj ET Q q 0 0 0 rg BT 233.71 718.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 270.55 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 284.62 718.10 Td (post-closing ) Tj ET Q q 0 0 0 rg BT 335.92 718.10 Td (working ) Tj ET Q q 0 0 0 rg BT 371.66 718.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 400.72 718.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 450.91 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.76 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.95 718.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 506.47 718.10 Td (indemnifiable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 77.81 706.10 Td (made ) Tj ET Q q 0 0 0 rg BT 101.18 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 112.89 706.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 135.11 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.82 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 156.31 706.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 186.34 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.83 706.10 Td (any ) Tj ET Q q 0 0 0 rg BT 211.98 706.10 Td (misrepresentations ) Tj ET Q q 0 0 0 rg BT 288.67 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 298.71 706.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 335.40 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.44 706.10 Td (warranty ) Tj ET Q q 0 0 0 rg BT 382.69 706.10 Td (under ) Tj ET Q q 0 0 0 rg BT 407.17 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.10 706.10 Td (Mer) Tj ET Q q 0 0 0 rg BT 437.58 706.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 451.68 706.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 497.81 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 509.40 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 514.81 706.10 Td (apInfluence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.10 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.09 694.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 129.41 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.32 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 145.73 694.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 195.69 694.10 Td (within ) Tj ET Q q 0 0 0 rg BT 224.02 694.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 236.80 694.10 Td (months ) Tj ET Q q 0 0 0 rg BT 269.02 694.10 Td (after ) Tj ET Q q 0 0 0 rg BT 290.11 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.10 694.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 336.76 694.10 Td (date ) Tj ET Q q 0 0 0 rg BT 356.19 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.29 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.28 694.10 Td (mer) Tj ET Q q 0 0 0 rg BT 397.65 694.10 Td (ger) Tj ET Q q 0 0 0 rg BT 409.86 694.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.36 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.14 694.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 459.03 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.02 694.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 505.68 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.78 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.77 694.10 Td (mer) Tj ET Q q 0 0 0 rg BT 547.14 694.10 Td (ger) Tj ET Q q 0 0 0 rg BT 559.51 694.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 72.22 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.53 682.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 117.38 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.91 682.10 Td (final ) Tj ET Q q 0 0 0 rg BT 152.55 682.10 Td (working ) Tj ET Q q 0 0 0 rg BT 188.20 682.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 217.17 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 227.81 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.46 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.00 682.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 284.20 682.10 Td (date ) Tj ET Q q 0 0 0 rg BT 303.17 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.27 682.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.02 682.10 Td ($297,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.52 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 367.34 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.49 682.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 413.72 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.25 682.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 466.11 682.10 Td (price ) Tj ET Q q 0 0 0 rg BT 488.41 682.10 Td (was ) Tj ET Q q 0 0 0 rg BT 506.28 682.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 540.24 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 552.56 682.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.49 670.10 Td ($1) Tj ET Q q 0 0 0 rg BT 102.12 670.10 Td (15,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.62 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.12 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.61 670.10 Td (will ) Tj ET Q q 0 0 0 rg BT 167.67 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 179.61 670.10 Td (deducted ) Tj ET Q q 0 0 0 rg BT 218.20 670.10 Td (from ) Tj ET Q q 0 0 0 rg BT 240.14 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.86 670.10 Td (six-month ) Tj ET Q q 0 0 0 rg BT 297.92 670.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 344.85 670.10 Td (payment.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 644.53505859375 m 245.654296875 644.53505859375 l s q 0 0 0 rg BT 50.00 646.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 65.93 646.10 Td (chase ) Tj ET Q q 0 0 0 rg BT 91.76 646.10 Td (Price ) Tj ET Q q 0 0 0 rg BT 116.46 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.53 646.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 185.93 646.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 211.77 646.10 Td (Payable) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 569.60 330.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 569.60 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 569.60 58.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 569.60 58.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 537.60 330.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 537.60 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 537.60 58.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 537.60 58.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 505.60 330.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 505.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 505.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 505.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 477.60 330.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 477.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 477.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 477.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 449.60 330.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 449.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 449.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 449.60 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 569.6 m 380 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 569.6 m 445 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 569.6 m 503 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 569.6 m 561 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 569.6 m 445 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 569.6 m 503 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 569.6 m 561 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 491.6 m 445 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 491.6 m 503 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 491.6 m 561 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 491.6 m 380 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 478.6 m 380 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 476.6 m 380 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 491.6 m 445 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 478.6 m 445 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 476.6 m 445 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 491.6 m 503 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 478.6 m 503 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 476.6 m 503 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 491.6 m 561 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 478.6 m 561 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 476.6 m 561 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 435.6 m 561 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 435.6 m 380 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 422.6 m 380 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 420.6 m 380 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 435.6 m 445 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 422.6 m 445 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 420.6 m 445 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 435.6 m 503 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 422.6 m 503 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 420.6 m 503 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 435.6 m 561 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 422.6 m 561 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 420.6 m 561 420.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 619.27 Td (Estimated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 609.27 Td (Gross) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.95 599.27 Td (Purchase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.90 589.27 Td (Consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 619.27 Td (Estimated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.55 609.27 Td (Initial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.30 599.27 Td (Present and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.90 589.27 Td (Fair ) Tj ET Q q 0 0 0 rg BT 471.42 589.27 Td (V) Tj ET Q q 0 0 0 rg BT 478.00 589.27 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.50 619.27 Td (Estimated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.55 609.27 Td (Remaining) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.30 599.27 Td (Present and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.90 589.27 Td (Fair ) Tj ET Q q 0 0 0 rg BT 529.42 589.27 Td (V) Tj ET Q q 0 0 0 rg BT 536.00 589.27 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.70 574.27 Td (7/26/2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.20 574.27 Td (7/26/2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.20 574.27 Td (9/30/2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 558.27 Td (Cash paid at closing \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 558.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 558.27 Td (1,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.50 558.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.10 558.27 Td (1,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 558.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 558.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 542.27 Td (Stock paid at closing \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 542.27 Td (1,759,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.10 542.27 Td (1,759,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 542.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 526.27 Td (Purchase price adjustment \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.30 526.32 Td (\(439,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 526.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 526.32 Td (\(555,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 526.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 510.27 Td (First deferred purchase price installment \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 510.27 Td (1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 510.27 Td (970,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 510.27 Td (980,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 496.17 Td (Second deferred purchase price installment \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 496.17 Td (3,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.10 496.17 Td (3,271,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.10 496.17 Td (3,309,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 482.17 Td (T) Tj ET Q q 0 0 0 rg BT 70.26 482.17 Td (otal estimated consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 482.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 482.17 Td (7,319,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.50 482.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.10 482.17 Td (6,946,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 482.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.10 482.17 Td (4,289,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 454.17 Td (Current portion of acquisition costs payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 454.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.10 454.17 Td (4,174,158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 440.17 Td (Long-term portion of acquisition costs payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 440.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 426.17 Td (T) Tj ET Q q 0 0 0 rg BT 69.91 426.17 Td (otal acquisition costs payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 426.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.10 426.17 Td (4,174,158) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 398.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 99.60 398.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.00 398.10 Td (The ) Tj ET Q q 0 0 0 rg BT 123.14 398.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 165.59 398.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 223.06 398.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 243.86 398.10 Td (at ) Tj ET Q q 0 0 0 rg BT 254.67 398.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 287.15 398.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.40 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.21 398.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 365.68 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.34 398.10 Td (T) Tj ET Q q 0 0 0 rg BT 382.75 398.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 433.54 398.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 474.35 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.27 398.10 Td (a ) Tj ET Q q 0 0 0 rg BT 494.30 398.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 515.66 398.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 553.68 398.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 386.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 386.10 Td (1,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.00 386.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.50 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.44 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.16 386.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 219.53 386.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.36 386.10 Td (1,150,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.36 386.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.86 386.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 300.35 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.18 386.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 333.40 386.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.90 386.10 Td (common ) Tj ET Q q 0 0 0 rg BT 373.39 386.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 397.00 386.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 426.16 386.10 Td (at ) Tj ET Q q 0 0 0 rg BT 435.88 386.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.88 386.10 Td (1,759,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.88 386.10 Td (, ) Tj ET Q q 0 0 0 rg BT 485.88 386.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.71 386.10 Td ($1.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.21 386.10 Td ( ) Tj ET Q q 0 0 0 rg BT 521.71 386.10 Td (per ) Tj ET Q q 0 0 0 rg BT 536.97 386.10 Td (share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 362.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 100.16 362.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.00 362.10 Td (Per ) Tj ET Q q 0 0 0 rg BT 119.73 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.35 362.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 158.96 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.69 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.31 362.10 Td (Mer) Tj ET Q q 0 0 0 rg BT 200.79 362.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 215.43 362.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 264.75 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.37 362.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 305.10 362.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 325.27 362.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 362.10 362.10 Td (due ) Tj ET Q q 0 0 0 rg BT 378.94 362.10 Td (at ) Tj ET Q q 0 0 0 rg BT 388.56 362.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 419.84 362.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.57 362.10 Td ($1,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.57 362.10 Td ( ) Tj ET Q q 0 0 0 rg BT 477.97 362.10 Td (was ) Tj ET Q q 0 0 0 rg BT 495.92 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.10 362.10 Td (be ) Tj ET Q q 0 0 0 rg BT 517.94 362.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 553.67 362.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 350.10 Td (follows: ) Tj ET Q q 0 0 0 rg BT 139.49 350.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 173.84 350.10 Td (for ) Tj ET Q q 0 0 0 rg BT 188.21 350.10 Td (seller ) Tj ET Q q 0 0 0 rg BT 212.58 350.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 259.16 350.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 297.97 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.12 350.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 346.71 350.10 Td (date ) Tj ET Q q 0 0 0 rg BT 366.08 350.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 422.95 350.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 463.41 350.10 Td (by ) Tj ET Q q 0 0 0 rg BT 476.12 350.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 507.72 350.10 Td (date ) Tj ET Q q 0 0 0 rg BT 527.08 350.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 547.56 350.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 338.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 126.46 338.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 176.69 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.37 338.10 Td (T) Tj ET Q q 0 0 0 rg BT 194.78 338.10 Td (apInfluence, ) Tj ET Q q 0 0 0 rg BT 249.16 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.29 338.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 304.63 338.10 Td (or ) Tj ET Q q 0 0 0 rg BT 317.64 338.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 360.09 338.10 Td (by ) Tj ET Q q 0 0 0 rg BT 374.78 338.10 Td (an ) Tj ET Q q 0 0 0 rg BT 388.91 338.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 431.92 338.10 Td (working ) Tj ET Q q 0 0 0 rg BT 469.93 338.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 501.27 338.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 538.12 338.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 326.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 155.34 326.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 190.56 326.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.90 326.10 Td (a ) Tj ET Q q 0 0 0 rg BT 209.90 326.10 Td (net ) Tj ET Q q 0 0 0 rg BT 225.68 326.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 267.01 326.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.36 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.14 326.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 333.24 326.10 Td (price ) Tj ET Q q 0 0 0 rg BT 356.79 326.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.68 326.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.68 326.10 Td (439,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.18 326.10 Td (, ) Tj ET Q q 0 0 0 rg BT 412.25 326.10 Td (which ) Tj ET Q q 0 0 0 rg BT 440.25 326.10 Td (included ) Tj ET Q q 0 0 0 rg BT 478.25 326.10 Td (a ) Tj ET Q q 0 0 0 rg BT 486.25 326.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 523.69 326.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 314.10 Td (working ) Tj ET Q q 0 0 0 rg BT 139.83 314.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 168.98 314.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 215.36 314.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.19 314.10 Td ($181,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.69 314.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 290.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 99.60 290.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.00 290.10 Td (Aggregate ) Tj ET Q q 0 0 0 rg BT 148.01 290.10 Td (future ) Tj ET Q q 0 0 0 rg BT 174.25 290.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 230.49 290.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 264.52 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.22 290.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 317.57 290.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 358.26 290.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.18 290.10 Td ($4,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.18 290.10 Td (, ) Tj ET Q q 0 0 0 rg BT 441.04 290.10 Td (less ) Tj ET Q q 0 0 0 rg BT 458.41 290.10 Td (any ) Tj ET Q q 0 0 0 rg BT 475.21 290.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 518.12 290.10 Td (adjustment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 278.10 Td (related ) Tj ET Q q 0 0 0 rg BT 133.36 278.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.30 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.68 278.10 Td (final ) Tj ET Q q 0 0 0 rg BT 178.16 278.10 Td (working ) Tj ET Q q 0 0 0 rg BT 213.65 278.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 242.46 278.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 288.50 278.10 Td (calculation. ) Tj ET Q q 0 0 0 rg BT 336.87 278.10 Td (The ) Tj ET Q q 0 0 0 rg BT 354.58 278.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 395.06 278.10 Td (will ) Tj ET Q q 0 0 0 rg BT 412.78 278.10 Td (be ) Tj ET Q q 0 0 0 rg BT 424.38 278.10 Td (made ) Tj ET Q q 0 0 0 rg BT 448.19 278.10 Td (in ) Tj ET Q q 0 0 0 rg BT 458.13 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.51 278.10 Td (form ) Tj ET Q q 0 0 0 rg BT 494.11 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.60 278.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 527.02 278.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 266.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 127.50 266.10 Td (or ) Tj ET Q q 0 0 0 rg BT 138.23 266.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.06 266.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 197.44 266.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 230.65 266.10 Td (at ) Tj ET Q q 0 0 0 rg BT 240.26 266.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 261.92 266.10 Td () Tj ET Q q 0 0 0 rg BT 264.70 266.10 Td (s ) Tj ET Q q 0 0 0 rg BT 270.99 266.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 301.44 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.61 266.10 Td (two ) Tj ET Q q 0 0 0 rg BT 329.00 266.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 379.73 266.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.45 266.10 Td ($1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.45 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.85 266.10 Td (six ) Tj ET Q q 0 0 0 rg BT 446.91 266.10 Td (months ) Tj ET Q q 0 0 0 rg BT 478.75 266.10 Td (after ) Tj ET Q q 0 0 0 rg BT 499.46 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.07 266.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 545.35 266.10 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.31 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.51 254.10 Td (mer) Tj ET Q q 0 0 0 rg BT 145.88 254.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 161.62 254.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.04 254.10 Td ($3,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.04 254.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.02 254.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 256.66 254.10 Td (months ) Tj ET Q q 0 0 0 rg BT 289.09 254.10 Td (after ) Tj ET Q q 0 0 0 rg BT 310.39 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.58 254.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 357.45 254.10 Td (date ) Tj ET Q q 0 0 0 rg BT 377.09 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.40 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.60 254.10 Td (mer) Tj ET Q q 0 0 0 rg BT 418.96 254.10 Td (ger) Tj ET Q q 0 0 0 rg BT 431.18 254.10 Td (. ) Tj ET Q q 0 0 0 rg BT 436.66 254.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 462.42 254.10 Td (issuances, ) Tj ET Q q 0 0 0 rg BT 505.67 254.10 Td (if ) Tj ET Q q 0 0 0 rg BT 514.76 254.10 Td (any) Tj ET Q q 0 0 0 rg BT 528.55 254.10 Td (, ) Tj ET Q q 0 0 0 rg BT 534.03 254.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.57 254.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 242.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 151.35 242.10 Td (based ) Tj ET Q q 0 0 0 rg BT 176.48 242.10 Td (on ) Tj ET Q q 0 0 0 rg BT 188.85 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.43 242.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 215.80 242.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 246.49 242.10 Td (day ) Tj ET Q q 0 0 0 rg BT 263.30 242.10 Td (volume-weighted ) Tj ET Q q 0 0 0 rg BT 335.65 242.10 Td (average ) Tj ET Q q 0 0 0 rg BT 369.10 242.10 Td (price ) Tj ET Q q 0 0 0 rg BT 391.45 242.10 Td (per ) Tj ET Q q 0 0 0 rg BT 406.59 242.10 Td (share ) Tj ET Q q 0 0 0 rg BT 430.05 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.75 242.10 Td (IZEA's ) Tj ET Q q 0 0 0 rg BT 471.58 242.10 Td (common ) Tj ET Q q 0 0 0 rg BT 508.94 242.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 532.42 242.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.22 242.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.75 230.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 155.72 230.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 177.41 230.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 206.05 230.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 226.35 230.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 267.21 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.19 230.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 307.83 230.10 Td (issuances ) Tj ET Q q 0 0 0 rg BT 348.13 230.10 Td (may ) Tj ET Q q 0 0 0 rg BT 367.88 230.10 Td (be ) Tj ET Q q 0 0 0 rg BT 379.85 230.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 417.38 230.10 Td (from ) Tj ET Q q 0 0 0 rg BT 439.36 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.11 230.10 Td (six ) Tj ET Q q 0 0 0 rg BT 468.31 230.10 Td (month ) Tj ET Q q 0 0 0 rg BT 496.40 230.10 Td (or ) Tj ET Q q 0 0 0 rg BT 507.27 230.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 536.46 230.10 Td (month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 218.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 140.23 218.10 Td (for ) Tj ET Q q 0 0 0 rg BT 153.68 218.10 Td (post ) Tj ET Q q 0 0 0 rg BT 172.14 218.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 202.82 218.10 Td (working ) Tj ET Q q 0 0 0 rg BT 237.94 218.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 266.38 218.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 315.95 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.18 218.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.75 218.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 369.65 218.10 Td (indemnifiable ) Tj ET Q q 0 0 0 rg BT 426.98 218.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 454.87 218.10 Td (made ) Tj ET Q q 0 0 0 rg BT 478.32 218.10 Td (by ) Tj ET Q q 0 0 0 rg BT 490.11 218.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 512.33 218.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.12 218.10 Td (with ) Tj ET Q q 0 0 0 rg BT 533.69 218.10 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.90 206.10 Td (any ) Tj ET Q q 0 0 0 rg BT 130.47 206.10 Td (misrepresentations ) Tj ET Q q 0 0 0 rg BT 207.58 206.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.03 206.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 255.14 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.59 206.10 Td (warranty ) Tj ET Q q 0 0 0 rg BT 303.26 206.10 Td (under ) Tj ET Q q 0 0 0 rg BT 328.15 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.49 206.10 Td (Mer) Tj ET Q q 0 0 0 rg BT 358.97 206.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 373.40 206.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 419.95 206.10 Td (by ) Tj ET Q q 0 0 0 rg BT 431.92 206.10 Td (T) Tj ET Q q 0 0 0 rg BT 437.33 206.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 486.65 206.10 Td (or ) Tj ET Q q 0 0 0 rg BT 497.11 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.45 206.10 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.89 194.10 Td (T) Tj ET Q q 0 0 0 rg BT 119.30 194.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 168.17 194.10 Td (within ) Tj ET Q q 0 0 0 rg BT 195.41 194.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 207.09 194.10 Td (months ) Tj ET Q q 0 0 0 rg BT 238.22 194.10 Td (after ) Tj ET Q q 0 0 0 rg BT 258.22 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.12 194.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 302.68 194.10 Td (date ) Tj ET Q q 0 0 0 rg BT 321.02 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.03 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.93 194.10 Td (mer) Tj ET Q q 0 0 0 rg BT 360.30 194.10 Td (ger) Tj ET Q q 0 0 0 rg BT 372.51 194.10 Td (. ) Tj ET Q q 0 0 0 rg BT 376.69 194.10 Td (Post ) Tj ET Q q 0 0 0 rg BT 395.61 194.10 Td (closing, ) Tj ET Q q 0 0 0 rg BT 428.67 194.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 450.89 194.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.57 194.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 494.78 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.68 194.10 Td (final ) Tj ET Q q 0 0 0 rg BT 528.69 194.10 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 182.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 132.46 182.10 Td (as ) Tj ET Q q 0 0 0 rg BT 142.60 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.73 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.76 182.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 197.45 182.10 Td (date ) Tj ET Q q 0 0 0 rg BT 215.92 182.10 Td (as ) Tj ET Q q 0 0 0 rg BT 226.06 182.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.30 182.10 Td (negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.98 182.10 Td ($297,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.48 182.10 Td (, ) Tj ET Q q 0 0 0 rg BT 309.79 182.10 Td (which ) Tj ET Q q 0 0 0 rg BT 336.04 182.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.40 182.10 Td ($1) Tj ET Q q 0 0 0 rg BT 363.03 182.10 Td (15,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.53 182.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.33 182.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 416.91 182.10 Td (than ) Tj ET Q q 0 0 0 rg BT 435.94 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.96 182.10 Td (original ) Tj ET Q q 0 0 0 rg BT 482.87 182.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 518.00 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.14 182.10 Td (negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 170.10 Td ($181,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 170.10 Td (. ) Tj ET Q q 0 0 0 rg BT 146.34 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.50 170.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 192.75 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.30 170.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 245.18 170.10 Td (price ) Tj ET Q q 0 0 0 rg BT 267.50 170.10 Td (was ) Tj ET Q q 0 0 0 rg BT 285.38 170.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 319.37 170.10 Td (by ) Tj ET Q q 0 0 0 rg BT 331.70 170.10 Td (an ) Tj ET Q q 0 0 0 rg BT 343.47 170.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.80 170.10 Td ($1) Tj ET Q q 0 0 0 rg BT 395.43 170.10 Td (15,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.93 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 425.26 170.10 Td (that ) Tj ET Q q 0 0 0 rg BT 442.60 170.10 Td (will ) Tj ET Q q 0 0 0 rg BT 460.49 170.10 Td (be ) Tj ET Q q 0 0 0 rg BT 472.26 170.10 Td (deducted ) Tj ET Q q 0 0 0 rg BT 510.69 170.10 Td (from ) Tj ET Q q 0 0 0 rg BT 532.46 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 547.02 170.10 Td (six-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 158.10 Td (month ) Tj ET Q q 0 0 0 rg BT 132.06 158.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 179.00 158.10 Td (payment.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 131.37 742.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 181.63 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.35 742.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 245.50 742.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 281.88 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.71 742.10 Td (net ) Tj ET Q q 0 0 0 rg BT 307.43 742.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 333.26 742.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 370.19 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 379.90 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.62 742.10 Td (mer) Tj ET Q q 0 0 0 rg BT 409.99 742.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 425.25 742.10 Td (date:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 675.60 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 675.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 645.60 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 645.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 615.60 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 615.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 585.60 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 585.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 555.60 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 555.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 675.6 m 461.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 675.6 m 561.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 675.6 m 461.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 675.6 m 561.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 585.6 m 461.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 585.6 m 561.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 555.6 m 561.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 555.6 m 461.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 541.6 m 461.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 539.6 m 461.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 555.6 m 561.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 541.6 m 561.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 539.6 m 561.5 539.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.00 715.27 Td (Estimated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.30 705.27 Td (Approximate Fair) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.60 695.27 Td (V) Tj ET Q q 0 0 0 rg BT 506.27 695.27 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.70 680.27 Td (7/26/2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 665.27 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.00 665.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 665.27 Td (4,337,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 650.27 Td (Property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 650.27 Td (39,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 635.27 Td (Identifiable intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 635.27 Td (3,263,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 620.27 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 620.27 Td (4,71) Tj ET Q q 0 0 0 rg BT 535.15 620.27 Td (1,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 605.27 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 605.32 Td (\(4,071,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 605.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 590.27 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 590.32 Td (\(1,333,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 590.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 575.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.76 575.27 Td (otal net assets acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 575.27 Td (6,946,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 560.27 Td (Less: cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 560.32 Td (\(1,071,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 560.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 545.27 Td (Net purchase consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.00 545.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 545.27 Td (5,874,422) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (For ) Tj ET Q q 0 0 0 rg BT 66.33 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.99 517.10 Td (three ) Tj ET Q q 0 0 0 rg BT 103.42 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.29 517.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 139.95 517.10 Td (months ) Tj ET Q q 0 0 0 rg BT 171.84 517.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 198.16 517.10 Td (September ) Tj ET Q q 0 0 0 rg BT 243.36 517.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 258.30 517.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 283.24 517.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.24 517.10 Td (797,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.74 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.18 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.95 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.61 517.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 395.63 517.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 448.61 517.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 482.70 517.10 Td (was ) Tj ET Q q 0 0 0 rg BT 500.69 517.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.23 517.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 505.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 106.14 505.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 153.58 505.10 Td (The ) Tj ET Q q 0 0 0 rg BT 172.66 505.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 215.08 505.10 Td (is ) Tj ET Q q 0 0 0 rg BT 225.29 505.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 255.48 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.80 505.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 310.31 505.10 Td (net ) Tj ET Q q 0 0 0 rg BT 326.07 505.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 345.16 505.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 394.79 505.10 Td (related ) Tj ET Q q 0 0 0 rg BT 425.53 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.59 505.10 Td (T) Tj ET Q q 0 0 0 rg BT 442.00 505.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 492.73 505.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 537.92 505.10 Td (as ) Tj ET Q q 0 0 0 rg BT 549.79 505.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 86.38 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.21 493.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 144.69 493.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 184.95 493.10 Td (were ) Tj ET Q q 0 0 0 rg BT 206.88 493.10 Td (shared ) Tj ET Q q 0 0 0 rg BT 235.48 493.10 Td (with ) Tj ET Q q 0 0 0 rg BT 255.76 493.10 Td (IZEA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.32 469.10 Td (following ) Tj ET Q q 0 0 0 rg BT 111.99 469.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 155.19 469.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 172.30 469.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 199.95 469.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 240.95 469.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 277.49 469.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 331.81 469.10 Td (information ) Tj ET Q q 0 0 0 rg BT 382.80 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.90 469.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 417.12 469.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.62 469.10 Td (W) Tj ET Q q 0 0 0 rg BT 429.26 469.10 Td (orldwide, ) Tj ET Q q 0 0 0 rg BT 471.08 469.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 490.13 469.10 Td (as ) Tj ET Q q 0 0 0 rg BT 502.23 469.10 Td (if ) Tj ET Q q 0 0 0 rg BT 512.12 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.11 469.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 102.49 457.10 Td (with ) Tj ET Q q 0 0 0 rg BT 122.59 457.10 Td (T) Tj ET Q q 0 0 0 rg BT 128.00 457.10 Td (apInfluence, ) Tj ET Q q 0 0 0 rg BT 180.19 457.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 197.96 457.10 Td (had ) Tj ET Q q 0 0 0 rg BT 214.90 457.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 252.37 457.10 Td (on ) Tj ET Q q 0 0 0 rg BT 264.87 457.10 Td (January ) Tj ET Q q 0 0 0 rg BT 298.47 457.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 308.47 457.10 Td (2017:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 401.60 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 401.60 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 401.60 89.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 401.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 371.60 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 371.60 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 371.60 89.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 371.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 346.60 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 346.60 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 346.60 89.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 346.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 316.60 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 316.60 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 316.60 89.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 316.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 286.60 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 286.60 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 286.60 89.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 286.60 90.00 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m 471.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 286.6 m 561.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 272.6 m 561.5 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 270.6 m 561.5 270.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.25 431.27 Td (Pro Forma Nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 421.27 Td (Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.75 431.27 Td (Pro Forma Nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 421.27 Td (Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.20 406.27 Td (9/30/2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.70 406.27 Td (9/30/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 391.27 Td (Pro forma revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 391.27 Td (16,344,003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 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430.75 116.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 455.34 116.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 486.59 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.17 116.10 Td ( ) Tj ET Q q 0 0 0 rg BT 503.54 116.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 544.79 116.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.39 104.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 76.11 104.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 112.50 104.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.78 104.10 Td ($400,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.28 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.24 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.63 104.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.58 104.10 Td (86,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.08 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 235.03 104.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 261.98 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.26 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.43 104.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 332.96 104.10 Td (common ) Tj ET Q q 0 0 0 rg BT 369.91 104.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 392.97 104.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 421.58 104.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.75 104.10 Td ($600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.25 104.10 Td (. ) Tj ET Q q 0 0 0 rg BT 472.56 104.10 Td (The ) Tj ET Q q 0 0 0 rg BT 490.06 104.10 Td (ZenContent ) Tj ET Q q 0 0 0 rg BT 539.23 104.10 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 88.28 92.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 135.49 92.10 Td (also ) Tj ET Q q 0 0 0 rg BT 154.40 92.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 189.40 92.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.63 92.10 Td (three ) Tj ET Q q 0 0 0 rg BT 224.41 92.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 248.86 92.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 278.31 92.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 325.54 92.10 Td (payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.87 92.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.66 92.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.01 92.10 Td ($1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.01 92.10 Td (, ) Tj ET Q q 0 0 0 rg BT 450.30 92.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 481.42 92.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.00 92.10 Td (a ) Tj ET Q q 0 0 0 rg BT 499.23 92.10 Td (working ) Tj ET Q q 0 0 0 rg BT 535.35 92.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 99.56 80.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 154.39 80.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 167.58 80.10 Td (months ) Tj ET Q q 0 0 0 rg BT 200.21 80.10 Td (following ) Tj ET Q q 0 0 0 rg BT 242.27 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.67 80.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 289.74 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.36 80.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 322.76 80.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 368.15 80.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 421.85 80.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 463.36 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.87 80.10 Td (up ) Tj ET Q q 0 0 0 rg BT 488.05 80.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.01 80.10 Td (an ) Tj ET Q q 0 0 0 rg BT 511.63 80.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 553.67 80.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td ($2,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 68.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.64 68.10 Td (over ) Tj ET Q q 0 0 0 rg BT 118.05 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.91 68.10 Td (three ) Tj ET Q q 0 0 0 rg BT 155.54 68.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 197.07 68.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 229.15 68.10 Td (following ) Tj ET Q q 0 0 0 rg BT 270.67 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.53 68.10 Td (closing, ) Tj ET Q q 0 0 0 rg BT 319.56 68.10 Td (based ) Tj ET Q q 0 0 0 rg BT 344.97 68.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 367.61 68.10 Td (ZenContent ) Tj ET Q q 0 0 0 rg BT 417.47 68.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 458.98 68.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 488.82 68.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 530.36 68.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (thresholds. ) Tj ET Q q 0 0 0 rg BT 96.44 56.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 109.82 56.10 Td (these ) Tj ET Q q 0 0 0 rg BT 133.20 56.10 Td (payments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.86 56.10 Td (33%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.19 56.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.02 56.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.18 56.10 Td (each ) Tj ET Q q 0 0 0 rg BT 230.33 56.10 Td (such ) Tj ET Q q 0 0 0 rg BT 251.49 56.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 280.98 56.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 328.25 56.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.41 56.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 384.46 56.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 437.81 56.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 475.08 56.10 Td (will ) Tj ET Q q 0 0 0 rg BT 493.47 56.10 Td (be ) Tj ET Q q 0 0 0 rg BT 505.74 56.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.35 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 56.10 Td (form ) Tj ET Q q 0 0 0 rg BT 553.67 56.10 Td (of ) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.41 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.49 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.35 742.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 145.52 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.49 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 177.47 742.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 214.54 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 232.74 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 244.82 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.24 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.10 742.10 Td (form ) Tj ET Q q 0 0 0 rg BT 292.18 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.15 742.10 Td (either ) Tj ET Q q 0 0 0 rg BT 328.55 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 348.96 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 359.94 742.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 402.57 742.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 430.20 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.17 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.03 742.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 503.25 742.10 Td (common ) Tj ET Q q 0 0 0 rg BT 540.89 742.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (\(determined ) Tj ET Q q 0 0 0 rg BT 101.71 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 112.32 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.94 730.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 175.91 730.10 Td (option\). ) Tj ET Q q 0 0 0 rg BT 209.95 730.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 259.85 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 265.75 730.10 Td (these ) Tj ET Q q 0 0 0 rg BT 289.69 730.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 331.42 730.10 Td (were ) Tj ET Q q 0 0 0 rg BT 354.24 730.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 385.96 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.14 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 404.98 730.10 Td (downward ) Tj ET Q q 0 0 0 rg BT 450.58 730.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 497.86 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.59 730.10 Td (up ) Tj ET Q q 0 0 0 rg BT 522.99 730.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.17 730.10 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.50 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 555.89 730.10 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Brianna ) Tj ET Q q 0 0 0 rg BT 84.41 718.10 Td (DeMike, ) Tj ET Q q 0 0 0 rg BT 122.43 718.10 Td (ZenContent's ) Tj ET Q q 0 0 0 rg BT 178.10 718.10 Td (co-founder) Tj ET Q q 0 0 0 rg BT 221.56 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 226.82 718.10 Td (was ) Tj ET Q q 0 0 0 rg BT 245.12 718.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 290.64 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 303.39 718.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 325.61 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.37 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.78 718.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 367.74 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.83 718.10 Td (she ) Tj ET Q q 0 0 0 rg BT 394.92 718.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 440.43 718.10 Td (her ) Tj ET Q q 0 0 0 rg BT 455.95 718.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 508.70 718.10 Td (without ) Tj ET Q q 0 0 0 rg BT 542.01 718.10 Td (good ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (reason. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.47 682.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 112.28 682.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 152.30 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.44 682.10 Td (ZenContent ) Tj ET Q q 0 0 0 rg BT 219.57 682.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 246.27 682.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 285.43 682.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 333.78 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 347.70 682.10 Td (October21, ) Tj ET Q q 0 0 0 rg BT 398.83 682.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 425.25 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.96 682.10 Td (clarify ) Tj ET Q q 0 0 0 rg BT 466.97 682.10 Td (definitions ) Tj ET Q q 0 0 0 rg BT 513.67 682.10 Td (surrounding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 94.02 670.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 146.36 670.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 186.49 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.74 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.33 670.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 244.69 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 258.16 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.41 670.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 308.43 670.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 328.01 670.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 378.15 670.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.29 670.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.62 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 403.43 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 415.25 670.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 444.26 670.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 466.47 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 468.29 670.10 Td (legacy ) Tj ET Q q 0 0 0 rg BT 496.19 670.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 524.10 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 537.57 670.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 658.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 105.96 658.10 Td (used ) Tj ET Q q 0 0 0 rg BT 126.72 658.10 Td (ZenContent ) Tj ET Q q 0 0 0 rg BT 176.36 658.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 223.22 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.43 658.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 268.06 658.10 Td (content ) Tj ET Q q 0 0 0 rg BT 299.92 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.01 658.10 Td (its ) Tj ET Q q 0 0 0 rg BT 325.89 658.10 Td (Managed ) Tj ET Q q 0 0 0 rg BT 365.52 658.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 401.83 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.04 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.68 658.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 455.31 658.10 Td (The ) Tj ET Q q 0 0 0 rg BT 473.29 658.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 514.60 658.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 546.45 658.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.70 646.10 Td (second ) Tj ET Q q 0 0 0 rg BT 86.72 646.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 135.63 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.67 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.14 646.10 Td (ZenContent ) Tj ET Q q 0 0 0 rg BT 209.61 646.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 234.64 646.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 272.50 646.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 319.18 646.10 Td (on ) Tj ET Q q 0 0 0 rg BT 331.44 646.10 Td (July ) Tj ET Q q 0 0 0 rg BT 350.37 646.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 365.12 646.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 387.38 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.42 646.10 Td (further ) Tj ET Q q 0 0 0 rg BT 426.88 646.10 Td (amend ) Tj ET Q q 0 0 0 rg BT 455.79 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.27 646.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 494.74 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.33 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.80 646.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.88 634.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 145.90 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 163.80 634.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 192.82 634.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 221.82 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.96 634.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 248.76 634.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.88 634.10 Td ($9,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.38 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 338.74 634.10 Td (related ) Tj ET Q q 0 0 0 rg BT 368.30 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.44 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.02 634.10 Td (historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.59 634.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.92 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.28 634.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 498.97 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 511.33 634.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 533.55 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 535.91 634.10 Td (legacy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (client ) Tj ET Q q 0 0 0 rg BT 74.75 622.10 Td (calculations ) Tj ET Q q 0 0 0 rg BT 125.05 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.03 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.35 622.10 Td (fix ) Tj ET Q q 0 0 0 rg BT 166.00 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.76 622.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 213.29 622.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 246.93 622.10 Td (for ) Tj ET Q q 0 0 0 rg BT 261.13 622.10 Td (any ) Tj ET Q q 0 0 0 rg BT 278.11 622.10 Td (further ) Tj ET Q q 0 0 0 rg BT 307.85 622.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 352.61 622.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 405.67 622.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 446.53 622.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.29 622.10 Td ($90,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.79 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.33 622.10 Td (due ) Tj ET Q q 0 0 0 rg BT 508.31 622.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.18 622.10 Td ($45,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.68 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.22 622.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.99 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 82.22 610.10 Td (November ) Tj ET Q q 0 0 0 rg BT 126.65 610.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 136.37 610.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 158.60 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.26 610.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.81 610.10 Td ($45,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.31 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 220.54 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.54 610.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.53 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 261.09 610.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 286.92 610.10 Td (at ) Tj ET Q q 0 0 0 rg BT 296.36 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.80 610.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 357.60 610.10 Td (option ) Tj ET Q q 0 0 0 rg BT 385.39 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 397.61 610.10 Td (November ) Tj ET Q q 0 0 0 rg BT 442.04 610.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 451.77 610.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 476.49 610.10 Td (In ) Tj ET Q q 0 0 0 rg BT 487.04 610.10 Td (return ) Tj ET Q q 0 0 0 rg BT 513.14 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 527.03 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.47 610.10 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 90.33 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.78 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.11 598.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 162.44 598.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 216.08 598.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 260.02 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.36 598.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 317.36 598.10 Td (waived ) Tj ET Q q 0 0 0 rg BT 349.36 598.10 Td (its ) Tj ET Q q 0 0 0 rg BT 361.92 598.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 387.82 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.72 598.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 428.48 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.81 598.10 Td (future ) Tj ET Q q 0 0 0 rg BT 470.81 598.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 517.79 598.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 547.56 598.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 93.59 586.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 145.49 586.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 185.19 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.35 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.95 586.10 Td (event ) Tj ET Q q 0 0 0 rg BT 230.98 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.35 586.10 Td (ZenContent's ) Tj ET Q q 0 0 0 rg BT 301.64 586.10 Td (co-founder ) Tj ET Q q 0 0 0 rg BT 346.88 586.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 391.02 586.10 Td (her ) Tj ET Q q 0 0 0 rg BT 405.17 586.10 Td (employment, ) Tj ET Q q 0 0 0 rg BT 459.04 586.10 Td (after ) Tj ET Q q 0 0 0 rg BT 478.73 586.10 Td (which ) Tj ET Q q 0 0 0 rg BT 504.55 586.10 Td (she ) Tj ET Q q 0 0 0 rg BT 519.26 586.10 Td (terminated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (her ) Tj ET Q q 0 0 0 rg BT 65.27 574.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 117.76 574.10 Td (with ) Tj ET Q q 0 0 0 rg BT 138.04 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.75 574.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.14 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 206.64 574.10 Td (July ) Tj ET Q q 0 0 0 rg BT 225.81 574.10 Td (20, ) Tj ET Q q 0 0 0 rg BT 240.81 574.10 Td (2018.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 548.53505859375 m 245.654296875 548.53505859375 l s q 0 0 0 rg BT 50.00 550.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 65.93 550.10 Td (chase Price and ) Tj ET Q q 0 0 0 rg BT 134.53 550.10 Td (Acquisition Costs Payable) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 479.60 273.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 479.60 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 479.60 58.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 479.60 58.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 479.60 58.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 447.60 273.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 447.60 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 447.60 58.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 447.60 58.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 447.60 58.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 417.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 417.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 417.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 417.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 417.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 389.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 389.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 389.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 389.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 389.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 361.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 361.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 361.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 361.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 361.60 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 479.6 m 323.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 479.6 m 388.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 479.6 m 446.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 479.6 m 504.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 479.6 m 562.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 479.6 m 388.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 479.6 m 446.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 479.6 m 504.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 479.6 m 562.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 417.6 m 504.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 417.6 m 562.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 417.6 m 323.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 404.6 m 323.5 404.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 402.6 m 323.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 417.6 m 388.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 404.6 m 388.5 404.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 402.6 m 388.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 417.6 m 446.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 404.6 m 446.5 404.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 402.6 m 446.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 404.6 m 504.5 404.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 402.6 m 504.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 417.6 m 562.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 404.6 m 562.5 404.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 402.6 m 562.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 361.6 m 504.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 361.6 m 562.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 361.6 m 323.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 348.6 m 323.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 346.6 m 323.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 361.6 m 388.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 348.6 m 388.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 346.6 m 388.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 361.6 m 446.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 348.6 m 446.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 346.6 m 446.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 361.6 m 504.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 348.6 m 504.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 346.6 m 504.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 361.6 m 562.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 348.6 m 562.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 346.6 m 562.5 346.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.50 529.27 Td (Estimated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.80 519.27 Td (Gross) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.45 509.27 Td (Purchase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.40 499.27 Td (Consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.05 519.27 Td (Initial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 509.27 Td (Present and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.40 499.27 Td (Fair ) Tj ET Q q 0 0 0 rg BT 414.92 499.27 Td (V) Tj ET Q q 0 0 0 rg BT 421.50 499.27 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.05 519.27 Td (Remaining) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 509.27 Td (Present and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.40 499.27 Td (Fair ) Tj ET Q q 0 0 0 rg BT 472.92 499.27 Td (V) Tj ET Q q 0 0 0 rg BT 479.50 499.27 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.05 519.27 Td (Remaining) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.80 509.27 Td (Present and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.40 499.27 Td (Fair ) Tj ET Q q 0 0 0 rg BT 530.92 499.27 Td (V) Tj ET Q q 0 0 0 rg BT 537.50 499.27 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.20 484.27 Td (7/31/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.70 484.27 Td (7/31/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.20 484.27 Td (12/31/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.70 484.27 Td (9/30/2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 468.27 Td (Cash paid at closing \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 468.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 468.27 Td (400,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 468.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 468.27 Td (400,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 468.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 468.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 468.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 468.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 452.27 Td (Stock paid at closing \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 452.27 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 452.27 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 452.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 452.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.27 Td (Guaranteed purchase price \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 436.27 Td (933,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 436.27 Td (566,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 436.27 Td (606,413) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 436.27 Td (316,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 422.17 Td (Contingent performance payments \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 422.17 Td (2,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 422.17 Td (230,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 422.17 Td (744,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 422.17 Td (88,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 408.17 Td (T) Tj ET Q q 0 0 0 rg BT 70.41 408.17 Td (otal estimated consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 408.17 Td (4,433,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.60 408.17 Td (1,796,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.60 408.17 Td (1,350,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 408.17 Td (404,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 380.17 Td (Current portion of acquisition costs payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 380.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 380.17 Td (741,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 380.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 380.17 Td (361,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 366.17 Td (Long-term portion of acquisition costs payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 366.17 Td (609,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 366.17 Td (43,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 352.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 352.17 Td (otal acquisition costs payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 352.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.60 352.17 Td (1,350,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 352.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 352.17 Td (404,827) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 324.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 99.60 324.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.00 324.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.02 324.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 161.36 324.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 216.71 324.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 235.40 324.10 Td (at ) Tj ET Q q 0 0 0 rg BT 244.10 324.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 274.46 324.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.59 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.29 324.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 346.65 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.45 324.10 Td (ZenContent ) Tj ET Q q 0 0 0 rg BT 405.14 324.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 443.83 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.64 324.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.55 324.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 478.80 324.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 514.71 324.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.51 324.10 Td ($400,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 312.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.94 312.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.66 312.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 172.03 312.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.86 312.10 Td (86,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.36 312.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.86 312.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 240.35 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.18 312.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 273.40 312.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.90 312.10 Td (common ) Tj ET Q q 0 0 0 rg BT 313.39 312.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 337.00 312.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 366.16 312.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.88 312.10 Td ($600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.38 312.10 Td (. ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 100.16 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.00 742.10 Td (Aggregate ) Tj ET Q q 0 0 0 rg BT 149.86 742.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 187.39 742.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 245.48 742.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 281.37 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.92 742.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.57 742.10 Td (three ) Tj ET Q q 0 0 0 rg BT 331.78 742.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 357.65 742.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 388.53 742.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 437.18 742.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 479.73 742.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 514.50 742.10 Td ($1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 730.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 157.96 730.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 170.26 730.10 Td (months ) Tj ET Q q 0 0 0 rg BT 202.02 730.10 Td (following ) Tj ET Q q 0 0 0 rg BT 243.21 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.73 730.10 Td (closing, ) Tj ET Q q 0 0 0 rg BT 291.43 730.10 Td (less ) Tj ET Q q 0 0 0 rg BT 308.73 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 315.48 730.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 355.55 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.18 730.10 Td ($66,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.68 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.99 730.10 Td (due ) Tj ET Q q 0 0 0 rg BT 417.73 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.82 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 434.56 730.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 478.52 730.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 509.72 730.10 Td (date ) Tj ET Q q 0 0 0 rg BT 528.68 730.10 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 718.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 133.36 718.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 179.95 718.10 Td (\(guaranteed ) Tj ET Q q 0 0 0 rg BT 234.29 718.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 272.54 718.10 Td (price\), ) Tj ET Q q 0 0 0 rg BT 305.50 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.65 718.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 337.57 718.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 382.49 718.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 435.72 718.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 476.76 718.10 Td (up ) Tj ET Q q 0 0 0 rg BT 489.47 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.96 718.10 Td (an ) Tj ET Q q 0 0 0 rg BT 512.10 718.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 553.67 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 706.10 Td ($2,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.20 706.10 Td (over ) Tj ET Q q 0 0 0 rg BT 173.18 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.60 706.10 Td (three ) Tj ET Q q 0 0 0 rg BT 211.79 706.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 253.88 706.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 286.52 706.10 Td (following ) Tj ET Q q 0 0 0 rg BT 328.61 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.04 706.10 Td (closing. ) Tj ET Q q 0 0 0 rg BT 378.40 706.10 Td (These ) Tj ET Q q 0 0 0 rg BT 405.48 706.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 447.01 706.10 Td (were ) Tj ET Q q 0 0 0 rg BT 469.64 706.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 501.17 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.15 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.80 706.10 Td (downward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 694.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 151.79 694.10 Td (up ) Tj ET Q q 0 0 0 rg BT 165.70 694.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.39 694.10 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.72 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.63 694.10 Td (if ) Tj ET Q q 0 0 0 rg BT 209.65 694.10 Td (ZenContent) Tj ET Q q 0 0 0 rg BT 259.64 694.10 Td (s ) Tj ET Q q 0 0 0 rg BT 267.44 694.10 Td (co-founder ) Tj ET Q q 0 0 0 rg BT 315.22 694.10 Td (was ) Tj ET Q q 0 0 0 rg BT 334.68 694.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 381.35 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 395.25 694.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 417.47 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.38 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 436.95 694.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 463.07 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 475.31 694.10 Td (if ) Tj ET Q q 0 0 0 rg BT 485.33 694.10 Td (she ) Tj ET Q q 0 0 0 rg BT 502.57 694.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 549.23 694.10 Td (her ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 682.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 155.68 682.10 Td (without ) Tj ET Q q 0 0 0 rg BT 187.93 682.10 Td (good ) Tj ET Q q 0 0 0 rg BT 209.62 682.10 Td (reason. ) Tj ET Q q 0 0 0 rg BT 239.54 682.10 Td (As ) Tj ET Q q 0 0 0 rg BT 252.34 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 258.47 682.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 284.88 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.78 682.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 339.36 682.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 372.16 682.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 405.50 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 416.64 682.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 462.21 682.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 480.01 682.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 512.81 682.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.50 682.10 Td ($300,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.09 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 125.83 670.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 159.23 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 169.87 670.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 227.72 670.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 262.23 670.10 Td (over ) Tj ET Q q 0 0 0 rg BT 282.31 670.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.83 670.10 Td (three-year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.36 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.67 670.10 Td (term ) Tj ET Q q 0 0 0 rg BT 360.30 670.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 385.92 670.10 Td (than ) Tj ET Q q 0 0 0 rg BT 405.45 670.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 443.85 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.93 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.46 670.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 494.10 670.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 531.94 670.10 Td (price ) Tj ET Q q 0 0 0 rg BT 554.24 670.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 658.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 151.40 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 171.08 658.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 192.98 658.10 Td (805-10-55-25. ) Tj ET Q q 0 0 0 rg BT 252.91 658.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 313.12 658.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 347.77 658.10 Td (added ) Tj ET Q q 0 0 0 rg BT 374.09 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.31 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.97 658.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 445.27 658.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 491.60 658.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 514.04 658.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 547.57 658.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 646.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 141.11 646.10 Td (as ) Tj ET Q q 0 0 0 rg BT 151.58 646.10 Td (general ) Tj ET Q q 0 0 0 rg BT 183.15 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.72 646.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 259.07 646.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 293.41 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.33 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.69 646.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 364.41 646.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 417.09 646.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 457.54 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.01 646.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 511.81 646.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.50 646.10 Td ($28,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 634.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.63 634.10 Td ($151,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.13 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.33 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 174.18 634.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.59 634.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 208.01 634.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.45 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.65 634.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.72 634.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 325.68 634.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.68 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.87 634.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.51 634.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.51 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 389.20 634.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 436.86 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 441.56 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 443.75 634.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 503.72 634.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 538.12 634.10 Td (added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.68 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.81 622.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 176.57 622.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 223.36 622.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 246.27 622.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 280.26 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.61 622.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 335.49 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 346.72 622.10 Td (general ) Tj ET Q q 0 0 0 rg BT 379.05 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.40 622.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 456.51 622.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 491.62 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.31 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.43 622.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 610.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 157.19 610.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 198.17 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.15 610.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 253.45 610.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.66 610.10 Td ($5,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.16 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.81 610.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.90 610.10 Td ($28,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.40 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.05 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.36 610.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.23 610.10 Td (three ) Tj ET Q q 0 0 0 rg BT 405.87 610.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.31 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.96 610.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.49 610.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 524.91 610.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.91 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.56 610.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 598.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 129.52 598.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 177.19 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 182.49 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 201.06 598.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 227.42 598.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 274.31 598.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 312.87 598.10 Td (price ) Tj ET Q q 0 0 0 rg BT 335.88 598.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 392.78 598.10 Td (was ) Tj ET Q q 0 0 0 rg BT 411.35 598.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 457.70 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.51 598.10 Td (present ) Tj ET Q q 0 0 0 rg BT 500.41 598.10 Td (value ) Tj ET Q q 0 0 0 rg BT 525.09 598.10 Td (using ) Tj ET Q q 0 0 0 rg BT 549.78 598.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 586.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 151.22 586.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 195.53 586.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 213.15 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.13 586.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 250.10 586.10 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.41 586.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.74 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.38 586.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.71 586.10 Td (5.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.54 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.19 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 324.83 586.10 Td (July ) Tj ET Q q 0 0 0 rg BT 344.14 586.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 359.28 586.10 Td (2016\). ) Tj ET Q q 0 0 0 rg BT 387.76 586.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 420.39 586.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 455.24 586.10 Td (imputed ) Tj ET Q q 0 0 0 rg BT 490.65 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 503.30 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.16 586.10 Td (guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 574.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 150.68 574.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 173.49 574.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 207.38 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.96 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.98 574.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 294.09 574.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 347.44 574.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 388.56 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.69 574.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 444.15 574.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.50 574.10 Td ($15,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.80 574.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.04 574.10 Td ($22,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.54 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.34 574.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 562.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.74 562.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 140.48 562.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.93 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.46 562.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.86 562.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 262.14 562.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.14 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.67 562.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.63 562.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.63 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 329.66 562.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 377.32 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 383.34 562.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 416.85 562.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 452.58 562.10 Td (imputed ) Tj ET Q q 0 0 0 rg BT 488.88 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 502.41 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.15 562.10 Td (guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 550.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 150.35 550.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 172.82 550.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 206.38 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.62 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.31 550.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 292.08 550.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 345.09 550.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 385.88 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.68 550.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 440.80 550.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.82 550.10 Td ($3,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.32 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.79 550.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.69 550.10 Td ($6,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.19 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 535.66 550.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 550.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 538.10 Td (three ) Tj ET Q q 0 0 0 rg BT 126.81 538.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.26 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.09 538.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.79 538.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 246.38 538.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.38 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 269.21 538.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.47 538.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.47 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 311.80 538.10 Td (On ) Tj ET Q q 0 0 0 rg BT 326.84 538.10 Td (July ) Tj ET Q q 0 0 0 rg BT 346.34 538.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 361.67 538.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 386.99 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.04 538.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 443.75 538.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.79 538.10 Td ($266,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.29 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.12 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.72 538.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 535.32 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 538.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 526.10 Td (first ) Tj ET Q q 0 0 0 rg BT 122.89 526.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 152.32 526.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 199.54 526.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.65 526.10 Td ($333,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.92 526.10 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.70 526.10 Td ($66,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.20 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.98 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.54 526.10 Td (working ) Tj ET Q q 0 0 0 rg BT 350.65 526.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 380.07 526.10 Td (adjustments. ) Tj ET Q q 0 0 0 rg BT 433.13 526.10 Td (On ) Tj ET Q q 0 0 0 rg BT 448.13 526.10 Td (July ) Tj ET Q q 0 0 0 rg BT 467.57 526.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 482.85 526.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 508.13 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.13 526.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 514.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 123.10 514.10 Td (an ) Tj ET Q q 0 0 0 rg BT 134.41 514.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 176.28 514.10 Td ($1) Tj ET Q q 0 0 0 rg BT 185.91 514.10 Td (1) Tj ET Q q 0 0 0 rg BT 190.54 514.10 Td (1,1) Tj ET Q q 0 0 0 rg BT 202.67 514.10 Td (1) Tj ET Q q 0 0 0 rg BT 207.30 514.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 214.18 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.83 514.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 243.48 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.80 514.10 Td ($222,222 ) Tj ET Q q 0 0 0 rg BT 299.18 514.10 Td (using ) Tj ET Q q 0 0 0 rg BT 322.73 514.10 Td (98,765 ) Tj ET Q q 0 0 0 rg BT 352.11 514.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 378.97 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.18 514.10 Td (our ) Tj ET Q q 0 0 0 rg BT 404.39 514.10 Td (common ) Tj ET Q q 0 0 0 rg BT 441.27 514.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 464.25 514.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 492.79 514.10 Td (at ) Tj ET Q q 0 0 0 rg BT 501.88 514.10 Td ($2.25 ) Tj ET Q q 0 0 0 rg BT 526.26 514.10 Td (per ) Tj ET Q q 0 0 0 rg BT 540.91 514.10 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 502.10 Td (using ) Tj ET Q q 0 0 0 rg BT 128.02 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.81 502.10 Td (thirty ) Tj ET Q q 0 0 0 rg BT 158.82 502.10 Td (\(30\) ) Tj ET Q q 0 0 0 rg BT 177.83 502.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 208.50 502.10 Td (day ) Tj ET Q q 0 0 0 rg BT 225.29 502.10 Td (volume-weighted ) Tj ET Q q 0 0 0 rg BT 297.62 502.10 Td (average ) Tj ET Q q 0 0 0 rg BT 331.05 502.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 362.29 502.10 Td (price ) Tj ET Q q 0 0 0 rg BT 384.62 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 395.30 502.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 430.96 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 443.31 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.88 502.10 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 501.90 502.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 533.13 502.10 Td (Market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 490.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 125.94 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.22 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.93 490.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 187.31 490.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 208.97 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 223.13 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.84 490.10 Td (second ) Tj ET Q q 0 0 0 rg BT 268.11 490.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 297.27 490.10 Td (installment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 104.00 466.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.13 466.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 166.92 466.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 220.02 466.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 260.92 466.10 Td (were ) Tj ET Q q 0 0 0 rg BT 282.93 466.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 313.83 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.19 466.10 Td (ZenContent ) Tj ET Q q 0 0 0 rg BT 373.98 466.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 415.43 466.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 445.21 466.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 486.68 466.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 520.90 466.10 Td (thresholds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 454.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.89 454.10 Td (36 ) Tj ET Q q 0 0 0 rg BT 136.02 454.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.47 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 170.09 454.10 Td (ZenContent ) Tj ET Q q 0 0 0 rg BT 219.43 454.10 Td (was ) Tj ET Q q 0 0 0 rg BT 237.11 454.10 Td (required ) Tj ET Q q 0 0 0 rg BT 272.55 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.45 454.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 304.01 454.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 345.03 454.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 382.69 454.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 454.10 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 412.77 454.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.66 454.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.29 454.10 Td ($3.5 ) Tj ET Q q 0 0 0 rg BT 465.92 454.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.81 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 496.93 454.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.50 454.10 Td ($4.5 ) Tj ET Q q 0 0 0 rg BT 533.12 454.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.89 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.21 442.10 Td (first, ) Tj ET Q q 0 0 0 rg BT 148.93 442.10 Td (second ) Tj ET Q q 0 0 0 rg BT 178.81 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.36 442.10 Td (third ) Tj ET Q q 0 0 0 rg BT 216.35 442.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 259.00 442.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 299.99 442.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 331.54 442.10 Td (following ) Tj ET Q q 0 0 0 rg BT 372.54 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.86 442.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 417.86 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.75 442.10 Td (order ) Tj ET Q q 0 0 0 rg BT 450.95 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.84 442.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 491.81 442.10 Td (any ) Tj ET Q q 0 0 0 rg BT 508.36 442.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 539.36 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 442.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 430.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 151.41 430.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 207.13 430.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 253.15 430.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 268.90 430.10 Td (these ) Tj ET Q q 0 0 0 rg BT 294.65 430.10 Td (payments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.67 430.10 Td (33%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.20 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.73 430.10 Td (each ) Tj ET Q q 0 0 0 rg BT 401.24 430.10 Td (such ) Tj ET Q q 0 0 0 rg BT 424.77 430.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 456.63 430.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 506.26 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 519.79 430.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 418.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 157.52 418.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 194.95 418.10 Td (was ) Tj ET Q q 0 0 0 rg BT 213.50 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.27 418.10 Td (be ) Tj ET Q q 0 0 0 rg BT 236.71 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.49 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.70 418.10 Td (form ) Tj ET Q q 0 0 0 rg BT 285.13 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.46 418.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 317.23 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.66 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.88 418.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 393.41 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.73 418.10 Td (such ) Tj ET Q q 0 0 0 rg BT 426.06 418.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 463.49 418.10 Td (was ) Tj ET Q q 0 0 0 rg BT 482.04 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.82 418.10 Td (be ) Tj ET Q q 0 0 0 rg BT 505.25 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.03 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.24 418.10 Td (form ) Tj ET Q q 0 0 0 rg BT 553.68 418.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 406.10 Td (either ) Tj ET Q q 0 0 0 rg BT 128.19 406.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 147.39 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.15 406.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 198.57 406.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 224.99 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.75 406.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 256.97 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.40 406.10 Td (common ) Tj ET Q q 0 0 0 rg BT 294.82 406.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 319.86 406.10 Td (at ) Tj ET Q q 0 0 0 rg BT 328.51 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.15 406.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 388.16 406.10 Td (option. ) Tj ET Q q 0 0 0 rg BT 417.55 406.10 Td (The ) Tj ET Q q 0 0 0 rg BT 434.52 406.10 Td (value ) Tj ET Q q 0 0 0 rg BT 457.61 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.37 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.01 406.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 527.02 406.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 394.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 128.33 394.10 Td (would ) Tj ET Q q 0 0 0 rg BT 156.56 394.10 Td (be ) Tj ET Q q 0 0 0 rg BT 169.22 394.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 199.10 394.10 Td (using ) Tj ET Q q 0 0 0 rg BT 223.99 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.66 394.10 Td (thirty ) Tj ET Q q 0 0 0 rg BT 256.54 394.10 Td (\(30\) ) Tj ET Q q 0 0 0 rg BT 276.43 394.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 307.98 394.10 Td (day ) Tj ET Q q 0 0 0 rg BT 325.64 394.10 Td (volume-weighted ) Tj ET Q q 0 0 0 rg BT 398.85 394.10 Td (average ) Tj ET Q q 0 0 0 rg BT 433.15 394.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 465.26 394.10 Td (price ) Tj ET Q q 0 0 0 rg BT 488.47 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 500.03 394.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 536.57 394.10 Td (by ) Tj ET Q q 0 0 0 rg BT 549.79 394.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 382.10 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 148.07 382.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 179.35 382.10 Td (Market. ) Tj ET Q q 0 0 0 rg BT 212.95 382.10 Td (These ) Tj ET Q q 0 0 0 rg BT 239.23 382.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 283.84 382.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 336.76 382.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 377.48 382.10 Td (were ) Tj ET Q q 0 0 0 rg BT 399.31 382.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 430.04 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.21 382.10 Td (downward ) Tj ET Q q 0 0 0 rg BT 484.82 382.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 531.10 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.83 382.10 Td (up ) Tj ET Q q 0 0 0 rg BT 554.23 382.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 370.10 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.33 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.50 370.10 Td (if ) Tj ET Q q 0 0 0 rg BT 132.77 370.10 Td (ZenContent's ) Tj ET Q q 0 0 0 rg BT 187.84 370.10 Td (co-founder ) Tj ET Q q 0 0 0 rg BT 233.88 370.10 Td (was ) Tj ET Q q 0 0 0 rg BT 251.60 370.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 296.52 370.10 Td (by ) Tj ET Q q 0 0 0 rg BT 308.69 370.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 330.91 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.07 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 346.90 370.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 371.28 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 381.77 370.10 Td (she ) Tj ET Q q 0 0 0 rg BT 397.27 370.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 442.20 370.10 Td (her ) Tj ET Q q 0 0 0 rg BT 457.13 370.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 509.29 370.10 Td (without ) Tj ET Q q 0 0 0 rg BT 542.01 370.10 Td (good ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 358.10 Td (reason. ) Tj ET Q q 0 0 0 rg BT 135.38 358.10 Td (On ) Tj ET Q q 0 0 0 rg BT 150.38 358.10 Td (July ) Tj ET Q q 0 0 0 rg BT 169.83 358.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 185.11 358.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 210.39 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.39 358.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 267.06 358.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 300.95 358.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 348.71 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.71 358.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 380.36 358.10 Td (value ) Tj ET Q q 0 0 0 rg BT 404.80 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.91 358.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.91 358.10 Td ($2,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.91 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.69 358.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 523.68 358.10 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.31 346.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.28 346.10 Td ($230,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.78 346.10 Td (. ) Tj ET Q q 0 0 0 rg BT 168.63 346.10 Td (The ) Tj ET Q q 0 0 0 rg BT 186.71 346.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 203.12 346.10 Td (value ) Tj ET Q q 0 0 0 rg BT 227.31 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.18 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.93 346.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 297.67 346.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 350.73 346.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 391.58 346.10 Td (is ) Tj ET Q q 0 0 0 rg BT 400.79 346.10 Td (required ) Tj ET Q q 0 0 0 rg BT 436.64 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.95 346.10 Td (be ) Tj ET Q q 0 0 0 rg BT 458.92 346.10 Td (revalued ) Tj ET Q q 0 0 0 rg BT 495.88 346.10 Td (each ) Tj ET Q q 0 0 0 rg BT 516.73 346.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 547.57 346.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 334.10 Td (is ) Tj ET Q q 0 0 0 rg BT 114.34 334.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 158.54 334.10 Td (using ) Tj ET Q q 0 0 0 rg BT 183.88 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.99 334.10 Td (Monte-Carlo ) Tj ET Q q 0 0 0 rg BT 247.32 334.10 Td (simulation ) Tj ET Q q 0 0 0 rg BT 293.21 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.66 334.10 Td (simulate ) Tj ET Q q 0 0 0 rg BT 342.22 334.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 377.54 334.10 Td (over ) Tj ET Q q 0 0 0 rg BT 398.98 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.86 334.10 Td (future ) Tj ET Q q 0 0 0 rg BT 442.41 334.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 478.02 334.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 503.91 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.80 334.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 322.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 160.17 322.10 Td (has ) Tj ET Q q 0 0 0 rg BT 175.79 322.10 Td (an ) Tj ET Q q 0 0 0 rg BT 187.53 322.10 Td (option ) Tj ET Q q 0 0 0 rg BT 215.38 322.10 Td (like ) Tj ET Q q 0 0 0 rg BT 232.67 322.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 272.46 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.19 322.10 Td (risk-neutral ) Tj ET Q q 0 0 0 rg BT 327.58 322.10 Td (framework ) Tj ET Q q 0 0 0 rg BT 373.74 322.10 Td (is ) Tj ET Q q 0 0 0 rg BT 382.71 322.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 428.32 322.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 476.15 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.11 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.62 322.10 Td (valuation. ) Tj ET Q q 0 0 0 rg BT 546.46 322.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 310.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.84 310.10 Td (started ) Tj ET Q q 0 0 0 rg BT 175.44 310.10 Td (with ) Tj ET Q q 0 0 0 rg BT 196.17 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.56 310.10 Td (risk-adjusted ) Tj ET Q q 0 0 0 rg BT 258.17 310.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 294.43 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.71 310.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 349.75 310.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 384.35 310.10 Td (\(using ) Tj ET Q q 0 0 0 rg BT 412.30 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 419.69 310.10 Td (risk-adjusted ) Tj ET Q q 0 0 0 rg BT 474.29 310.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 511.13 310.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 529.06 310.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.35 310.10 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.68 310.10 Td (\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.84 298.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 159.68 298.10 Td (it ) Tj ET Q q 0 0 0 rg BT 168.64 298.10 Td (will ) Tj ET Q q 0 0 0 rg BT 187.60 298.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 217.11 298.10 Td (geometric ) Tj ET Q q 0 0 0 rg BT 260.49 298.10 Td (Brownian ) Tj ET Q q 0 0 0 rg BT 303.33 298.10 Td (motion ) Tj ET Q q 0 0 0 rg BT 335.07 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 346.25 298.10 Td (simulate ) Tj ET Q q 0 0 0 rg BT 383.54 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.16 298.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 434.20 298.10 Td (at ) Tj ET Q q 0 0 0 rg BT 444.82 298.10 Td (future ) Tj ET Q q 0 0 0 rg BT 472.10 298.10 Td (dates. ) Tj ET Q q 0 0 0 rg BT 498.55 298.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 523.05 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.67 298.10 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 286.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 137.36 286.10 Td (was ) Tj ET Q q 0 0 0 rg BT 154.63 286.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 194.67 286.10 Td (based ) Tj ET Q q 0 0 0 rg BT 219.16 286.10 Td (of) Tj ET Q q 0 0 0 rg BT 227.31 286.10 Td (f ) Tj ET Q q 0 0 0 rg BT 232.36 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.41 286.10 Td (projections, ) Tj ET Q q 0 0 0 rg BT 291.06 286.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 320.00 286.10 Td (was ) Tj ET Q q 0 0 0 rg BT 337.27 286.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 379.51 286.10 Td (for ) Tj ET Q q 0 0 0 rg BT 392.89 286.10 Td (each ) Tj ET Q q 0 0 0 rg BT 412.93 286.10 Td (year ) Tj ET Q q 0 0 0 rg BT 431.85 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.01 286.10 Td (present ) Tj ET Q q 0 0 0 rg BT 478.60 286.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 506.98 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.48 286.10 Td (incorporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.81 274.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 146.16 274.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 164.75 274.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 209.44 274.10 Td (with ) Tj ET Q q 0 0 0 rg BT 230.80 274.10 Td (these ) Tj ET Q q 0 0 0 rg BT 254.94 274.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 299.10 274.10 Td (The ) Tj ET Q q 0 0 0 rg BT 318.23 274.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 366.40 274.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 383.87 274.10 Td (value ) Tj ET Q q 0 0 0 rg BT 409.12 274.10 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 456.03 274.10 Td (was ) Tj ET Q q 0 0 0 rg BT 475.18 274.10 Td (based ) Tj ET Q q 0 0 0 rg BT 501.53 274.10 Td (on ) Tj ET Q q 0 0 0 rg BT 515.12 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.93 274.10 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 262.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 141.07 262.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.15 262.10 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.65 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.29 262.10 Td (simulation ) Tj ET Q q 0 0 0 rg BT 243.15 262.10 Td (trials. ) Tj ET Q q 0 0 0 rg BT 268.09 262.10 Td (The ) Tj ET Q q 0 0 0 rg BT 286.28 262.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 325.03 262.10 Td (used ) Tj ET Q q 0 0 0 rg BT 346.00 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 360.30 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.15 262.10 Td (simulation ) Tj ET Q q 0 0 0 rg BT 420.01 262.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.20 262.10 Td (45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.53 262.10 Td (. ) Tj ET Q q 0 0 0 rg BT 461.48 262.10 Td (The ) Tj ET Q q 0 0 0 rg BT 479.67 262.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 511.74 262.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 529.37 262.10 Td (used ) Tj ET Q q 0 0 0 rg BT 550.33 262.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.52 250.10 Td (simulation ) Tj ET Q q 0 0 0 rg BT 165.04 250.10 Td (was ) Tj ET Q q 0 0 0 rg BT 183.89 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.41 250.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 247.29 250.10 Td (current ) Tj ET Q q 0 0 0 rg BT 278.90 250.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 323.86 250.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 342.15 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.78 250.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 380.40 250.10 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.37 250.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.70 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.00 250.10 Td (at ) Tj ET Q q 0 0 0 rg BT 427.52 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.03 250.10 Td (time ) Tj ET Q q 0 0 0 rg BT 464.11 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.74 250.10 Td (valuation. ) Tj ET Q q 0 0 0 rg BT 518.75 250.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 538.71 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 250.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 238.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 151.80 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.49 238.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 205.73 238.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 244.08 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.77 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.91 238.10 Td (second ) Tj ET Q q 0 0 0 rg BT 303.59 238.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 354.15 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.85 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.98 238.10 Td (ZenContent ) Tj ET Q q 0 0 0 rg BT 433.10 238.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 459.80 238.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 498.95 238.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 549.79 238.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 226.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.11 226.10 Td (revalued ) Tj ET Q q 0 0 0 rg BT 181.76 226.10 Td (its ) Tj ET Q q 0 0 0 rg BT 193.44 226.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 228.99 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.54 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.99 226.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 298.42 226.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 351.17 226.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 387.83 226.10 Td (as ) Tj ET Q q 0 0 0 rg BT 398.39 226.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.95 226.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 468.94 226.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.94 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.16 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.17 226.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.83 226.10 Td ($99,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.33 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.56 226.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 214.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 151.75 214.10 Td (that ) Tj ET Q q 0 0 0 rg BT 169.51 214.10 Td (current ) Tj ET Q q 0 0 0 rg BT 200.59 214.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 217.23 214.10 Td (value ) Tj ET Q q 0 0 0 rg BT 241.65 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.75 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.73 214.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 312.71 214.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 366.00 214.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 407.09 214.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.41 214.10 Td ($88,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.91 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.67 214.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 502.86 214.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.41 214.10 Td ($744,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.91 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 553.68 214.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 202.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.72 202.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 175.19 202.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.19 202.10 Td (. ) Tj ET Q q 0 0 0 rg BT 201.08 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.22 202.10 Td (The ) Tj ET Q q 0 0 0 rg BT 223.15 202.10 Td (change ) Tj ET Q q 0 0 0 rg BT 254.86 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.02 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.63 202.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 323.34 202.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 340.60 202.10 Td (value ) Tj ET Q q 0 0 0 rg BT 365.64 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.36 202.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 422.96 202.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 476.87 202.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 511.35 202.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 546.40 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 557.56 202.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 190.10 Td ($646,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.70 190.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 182.32 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.29 190.10 Td (general ) Tj ET Q q 0 0 0 rg BT 225.92 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.56 190.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 303.97 190.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 339.37 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.35 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.77 190.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 413.55 190.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 467.29 190.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 508.81 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.35 190.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 178.10 Td (during ) Tj ET Q q 0 0 0 rg BT 131.89 178.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.89 178.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 164.89 178.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.33 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.12 178.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.77 178.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 281.32 178.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.32 178.10 Td (. ) Tj ET Q q 0 0 0 rg BT 305.60 178.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 317.93 178.10 Td (this ) Tj ET Q q 0 0 0 rg BT 334.16 178.10 Td (amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.44 178.10 Td ($160,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.94 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.72 178.10 Td (was ) Tj ET Q q 0 0 0 rg BT 425.05 178.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 462.92 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.48 178.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 529.81 178.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 166.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.35 166.10 Td ($485,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.85 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.76 166.10 Td (was ) Tj ET Q q 0 0 0 rg BT 180.23 166.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 219.23 166.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.47 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.82 166.10 Td (change ) Tj ET Q q 0 0 0 rg BT 269.04 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.73 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.86 166.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 311.65 166.10 Td (value ) Tj ET Q q 0 0 0 rg BT 336.22 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.46 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.59 166.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 407.71 166.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 461.15 166.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 504.67 166.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.13 166.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 154.10 Td (revalued ) Tj ET Q q 0 0 0 rg BT 141.02 154.10 Td (its ) Tj ET Q q 0 0 0 rg BT 153.06 154.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 188.97 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.89 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.70 154.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 259.51 154.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 312.62 154.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 349.65 154.10 Td (as ) Tj ET Q q 0 0 0 rg BT 360.57 154.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 154.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 431.85 154.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.85 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 454.44 154.10 Td (based ) Tj ET Q q 0 0 0 rg BT 479.81 154.10 Td (on ) Tj ET Q q 0 0 0 rg BT 492.40 154.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 518.86 154.10 Td (results ) Tj ET Q q 0 0 0 rg BT 547.56 154.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 142.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 150.52 142.10 Td (at ) Tj ET Q q 0 0 0 rg BT 159.83 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.14 142.10 Td (time ) Tj ET Q q 0 0 0 rg BT 194.00 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.53 142.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 257.60 142.10 Td (that ) Tj ET Q q 0 0 0 rg BT 274.68 142.10 Td (current ) Tj ET Q q 0 0 0 rg BT 305.09 142.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 321.06 142.10 Td (value ) Tj ET Q q 0 0 0 rg BT 344.80 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.22 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.53 142.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 413.83 142.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 466.44 142.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 506.86 142.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.50 142.10 Td ($342,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 142.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 130.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 145.89 130.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.13 130.10 Td ($324,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.63 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.10 130.10 Td (as ) Tj ET Q q 0 0 0 rg BT 206.90 130.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.69 130.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 276.24 130.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.24 130.10 Td (. ) Tj ET Q q 0 0 0 rg BT 301.03 130.10 Td (The ) Tj ET Q q 0 0 0 rg BT 319.04 130.10 Td (change ) Tj ET Q q 0 0 0 rg BT 349.82 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.07 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.75 130.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 415.54 130.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 431.88 130.10 Td (value ) Tj ET Q q 0 0 0 rg BT 456.00 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.80 130.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 511.47 130.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 118.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 139.14 118.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 174.84 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.66 118.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.14 118.10 Td ($184,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.64 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.68 118.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 273.48 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.30 118.10 Td (general ) Tj ET Q q 0 0 0 rg BT 318.77 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.25 118.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 398.50 118.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 434.75 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.57 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.83 118.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 511.46 118.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 106.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 144.44 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.89 106.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 198.67 106.10 Td (during ) Tj ET Q q 0 0 0 rg BT 226.90 106.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.23 106.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 260.57 106.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.02 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.14 106.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.14 106.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 378.02 106.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.02 106.10 Td (. ) Tj ET Q q 0 0 0 rg BT 402.64 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.76 106.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 417.44 106.10 Td (this ) Tj ET Q q 0 0 0 rg BT 434.00 106.10 Td (amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.62 106.10 Td ($122,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.12 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.24 106.10 Td (was ) Tj ET Q q 0 0 0 rg BT 525.91 106.10 Td (allocated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.70 94.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 175.17 94.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 211.30 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.66 94.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.02 94.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 259.16 94.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.41 94.10 Td ($62,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.91 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.83 94.10 Td (was ) Tj ET Q q 0 0 0 rg BT 327.31 94.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 367.32 94.10 Td (as ) Tj ET Q q 0 0 0 rg BT 379.57 94.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.93 94.10 Td (change ) Tj ET Q q 0 0 0 rg BT 420.17 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.87 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.01 94.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 465.81 94.10 Td (value ) Tj ET Q q 0 0 0 rg BT 491.39 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.64 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.78 94.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 82.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 157.02 82.10 Td (payments.) 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(ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.46 256.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 542.01 256.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 244.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 244.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.45 220.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.11 220.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 134.21 220.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.21 220.25 Td (, ) Tj ET Q q 0 0 0 rg BT 159.04 220.25 Td (future ) Tj ET Q q 0 0 0 rg BT 185.25 220.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 225.91 220.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 278.78 220.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 313.32 220.25 Td (related ) Tj ET Q q 0 0 0 rg BT 342.86 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 352.97 220.25 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 400.84 220.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 443.16 220.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 468.83 220.25 Td (over ) Tj ET Q q 0 0 0 rg BT 488.93 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.48 220.25 Td (next ) Tj ET Q q 0 0 0 rg BT 523.03 220.25 Td (five ) Tj ET Q q 0 0 0 rg BT 540.91 220.25 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 208.25 Td (set ) Tj ET Q q 0 0 0 rg BT 72.78 208.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 94.72 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.00 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.71 208.25 Td (following ) Tj ET Q q 0 0 0 rg BT 161.10 208.25 Td (schedule:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 172.75 432.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 172.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 142.75 432.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 142.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 112.75 432.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 112.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 82.75 432.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 82.75 80.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 172.75 m 482.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 172.75 m 562.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 172.75 m 562.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 82.75 m 562.5 82.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 68.75 m 562.5 68.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 66.75 m 562.5 66.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 177.42 Td (Y) Tj ET Q q 0 0 0 rg BT 59.72 177.42 Td (ear ending December 31:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 187.42 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.05 177.42 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 162.42 Td (2018 \(three months remaining\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 162.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 162.42 Td (322,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 147.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 147.42 Td (1,228,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 132.42 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 132.42 Td (1,079,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 117.42 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 117.42 Td (652,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 102.42 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 102.42 Td (120,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 87.42 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 87.42 Td (70,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 72.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 72.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 72.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 72.42 Td (3,472,855) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 4. ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (SOFTW) Tj ET Q q 0 0 0 rg BT 157.01 742.25 Td (ARE DEVELOPMENT) Tj ET Q q 0 0 0 rg BT 258.78 742.25 Td ( COSTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Software development costs consists of the following: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 682.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 682.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 682.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 682.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 652.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 652.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 652.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 652.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 682.75 m 492.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 682.75 m 496.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 682.75 m 561.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 652.75 m 492.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 652.75 m 561.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 652.75 m 492.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 638.75 m 492.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 636.75 m 492.5 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 652.75 m 561.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 638.75 m 561.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 636.75 m 561.5 636.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.60 697.42 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 687.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.45 697.42 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 687.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 672.42 Td (Software development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 672.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 672.42 Td (2,048,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 672.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 672.42 Td (1,561,351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 657.42 Td (Less accumulated depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 657.47 Td (\(814,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 657.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 657.47 Td (\(593,424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 657.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 642.42 Td (Software development costs, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 642.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 642.42 Td (1,233,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 642.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 642.42 Td (967,927) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.40 614.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.13 614.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 151.07 614.25 Td (its ) Tj ET Q q 0 0 0 rg BT 162.37 614.25 Td (web-based ) Tj ET Q q 0 0 0 rg BT 206.98 614.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 253.26 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.54 614.25 Td (content ) Tj ET Q q 0 0 0 rg BT 300.83 614.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 340.43 614.25 Td (platform, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.21 614.25 Td (IZEAx, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.10 614.25 Td (to ) Tj ET Q q 0 0 0 rg BT 418.73 614.25 Td (enable ) Tj ET Q q 0 0 0 rg BT 446.67 614.25 Td (native ) Tj ET Q q 0 0 0 rg BT 472.95 614.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 519.24 614.25 Td (campaigns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.26 602.25 Td (a ) Tj ET Q q 0 0 0 rg BT 68.96 602.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 98.97 602.25 Td (scale. ) Tj ET Q q 0 0 0 rg BT 123.55 602.25 Td (The ) Tj ET Q q 0 0 0 rg BT 141.35 602.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.50 602.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 223.08 602.25 Td (to ) Tj ET Q q 0 0 0 rg BT 233.12 602.25 Td (add ) Tj ET Q q 0 0 0 rg BT 249.81 602.25 Td (new ) Tj ET Q q 0 0 0 rg BT 268.73 602.25 Td (features ) Tj ET Q q 0 0 0 rg BT 302.64 602.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.33 602.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 361.58 602.25 Td (functionality ) Tj ET Q q 0 0 0 rg BT 414.94 602.25 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 424.98 602.25 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.52 602.25 Td ( ) Tj ET Q q 0 0 0 rg BT 452.78 602.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.82 602.25 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 500.05 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.53 602.25 Td (contracting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.25 Td (workflow) Tj ET Q q 0 0 0 rg BT 88.23 590.25 Td (, ) Tj ET Q q 0 0 0 rg BT 93.40 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.50 590.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 145.93 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.92 590.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 182.35 590.25 Td (content ) Tj ET Q q 0 0 0 rg BT 214.44 590.25 Td (as ) Tj ET Q q 0 0 0 rg BT 225.44 590.25 Td (well ) Tj ET Q q 0 0 0 rg BT 245.32 590.25 Td (as ) Tj ET Q q 0 0 0 rg BT 256.31 590.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 289.52 590.25 Td (for ) Tj ET Q q 0 0 0 rg BT 303.85 590.25 Td (invoicing, ) Tj ET Q q 0 0 0 rg BT 346.78 590.25 Td (collaborating, ) Tj ET Q q 0 0 0 rg BT 404.70 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.81 590.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 447.23 590.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 488.22 590.25 Td (for ) Tj ET Q q 0 0 0 rg BT 502.55 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.43 590.25 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.25 Td (self-service ) Tj ET Q q 0 0 0 rg BT 100.21 578.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 147.39 578.25 Td (Research ) Tj ET Q q 0 0 0 rg BT 188.16 578.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.73 578.25 Td (planning ) Tj ET Q q 0 0 0 rg BT 245.85 578.25 Td (phase ) Tj ET Q q 0 0 0 rg BT 272.75 578.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 296.88 578.25 Td (are ) Tj ET Q q 0 0 0 rg BT 313.21 578.25 Td (expensed ) Tj ET Q q 0 0 0 rg BT 354.55 578.25 Td (as ) Tj ET Q q 0 0 0 rg BT 367.01 578.25 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 406.95 578.25 Td (Costs ) Tj ET Q q 0 0 0 rg BT 433.31 578.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 470.75 578.25 Td (in ) Tj ET Q q 0 0 0 rg BT 482.66 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.01 578.25 Td (application ) Tj ET Q q 0 0 0 rg BT 547.56 578.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 105.69 566.25 Td (development ) Tj ET Q q 0 0 0 rg BT 159.16 566.25 Td (stage, ) Tj ET Q q 0 0 0 rg BT 184.03 566.25 Td (including ) Tj ET Q q 0 0 0 rg BT 223.63 566.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 267.66 566.25 Td (enhancements ) Tj ET Q q 0 0 0 rg BT 326.13 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.39 566.25 Td (upgrades, ) Tj ET Q q 0 0 0 rg BT 382.81 566.25 Td (are ) Tj ET Q q 0 0 0 rg BT 396.84 566.25 Td (capitalized. ) Tj ET Q q 0 0 0 rg BT 444.34 566.25 Td (These ) Tj ET Q q 0 0 0 rg BT 470.04 566.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 491.87 566.25 Td (include ) Tj ET Q q 0 0 0 rg BT 523.12 566.25 Td (personnel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.40 554.25 Td (related ) Tj ET Q q 0 0 0 rg BT 97.56 554.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 139.39 554.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 174.01 554.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 213.07 554.25 Td (for ) Tj ET Q q 0 0 0 rg BT 227.69 554.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 273.41 554.25 Td (or ) Tj ET Q q 0 0 0 rg BT 284.70 554.25 Td (consultants ) Tj ET Q q 0 0 0 rg BT 332.66 554.25 Td (who ) Tj ET Q q 0 0 0 rg BT 352.84 554.25 Td (are ) Tj ET Q q 0 0 0 rg BT 368.01 554.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 401.51 554.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 445.57 554.25 Td (with ) Tj ET Q q 0 0 0 rg BT 466.30 554.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.70 554.25 Td (who ) Tj ET Q q 0 0 0 rg BT 503.89 554.25 Td (devote ) Tj ET Q q 0 0 0 rg BT 533.50 554.25 Td (time ) Tj ET Q q 0 0 0 rg BT 554.24 554.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.25 Td (software ) Tj ET Q q 0 0 0 rg BT 86.48 542.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 122.68 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.17 542.25 Td (external ) Tj ET Q q 0 0 0 rg BT 173.42 542.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 198.23 542.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 220.28 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.66 542.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 269.36 542.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 305.84 542.25 Td (in ) Tj ET Q q 0 0 0 rg BT 315.66 542.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 362.15 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.41 542.25 Td (software. ) Tj ET Q q 0 0 0 rg BT 415.24 542.25 Td (W) Tj ET Q q 0 0 0 rg BT 423.88 542.25 Td (e ) Tj ET Q q 0 0 0 rg BT 430.36 542.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 465.73 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.22 542.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 527.57 542.25 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.25 Td (development ) Tj ET Q q 0 0 0 rg BT 103.54 530.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 125.43 530.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.65 530.25 Td ($486,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.15 530.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.04 530.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.37 530.25 Td ($85,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.87 530.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.76 530.25 Td (during ) Tj ET Q q 0 0 0 rg BT 253.75 530.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.86 530.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 286.97 530.25 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.42 530.25 Td ( ) Tj ET Q q 0 0 0 rg BT 318.31 530.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.07 530.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 403.73 530.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.73 530.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.62 530.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.94 530.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.94 530.25 Td (, ) Tj ET Q q 0 0 0 rg BT 466.33 530.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 513.99 530.25 Td (. ) Tj ET Q q 0 0 0 rg BT 517.97 530.25 Td (As ) Tj ET Q q 0 0 0 rg BT 530.97 530.25 Td (a ) Tj ET Q q 0 0 0 rg BT 537.30 530.25 Td (result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.55 518.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.76 518.25 Td (has ) Tj ET Q q 0 0 0 rg BT 124.42 518.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 171.06 518.25 Td (a ) Tj ET Q q 0 0 0 rg BT 178.82 518.25 Td (total ) Tj ET Q q 0 0 0 rg BT 199.93 518.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.58 518.25 Td ($2,048,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.58 518.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.91 518.25 Td (in ) Tj ET Q q 0 0 0 rg BT 271.02 518.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 297.11 518.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 339.59 518.25 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 387.09 518.25 Td (payroll ) Tj ET Q q 0 0 0 rg BT 418.74 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.51 518.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 467.60 518.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 490.93 518.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.04 518.25 Td (its ) Tj ET Q q 0 0 0 rg BT 514.82 518.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 548.69 518.25 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.25 Td (software ) Tj ET Q q 0 0 0 rg BT 87.58 506.25 Td (development ) Tj ET Q q 0 0 0 rg BT 142.38 506.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 165.53 506.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.46 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.83 506.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 245.53 506.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 279.21 506.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 302.91 506.25 Td (as ) Tj ET Q q 0 0 0 rg BT 314.39 506.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.87 506.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 386.79 506.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.79 506.25 Td (. ) Tj ET Q q 0 0 0 rg BT 412.21 506.25 Td (The ) Tj ET Q q 0 0 0 rg BT 430.91 506.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 472.95 506.25 Td (amortizes ) Tj ET Q q 0 0 0 rg BT 514.98 506.25 Td (its ) Tj ET Q q 0 0 0 rg BT 527.58 506.25 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.25 Td (development ) Tj ET Q q 0 0 0 rg BT 103.84 494.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 128.53 494.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 150.72 494.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 176.24 494.25 Td (release ) Tj ET Q q 0 0 0 rg BT 206.18 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.70 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.11 494.25 Td (software ) Tj ET Q q 0 0 0 rg BT 267.73 494.25 Td (or ) Tj ET Q q 0 0 0 rg BT 278.25 494.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 320.43 494.25 Td (features, ) Tj ET Q q 0 0 0 rg BT 356.77 494.25 Td (on ) Tj ET Q q 0 0 0 rg BT 368.96 494.25 Td (a ) Tj ET Q q 0 0 0 rg BT 375.58 494.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 426.09 494.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 448.28 494.25 Td (over ) Tj ET Q q 0 0 0 rg BT 468.24 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.65 494.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 523.16 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.57 494.25 Td (useful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.25 Td (life ) Tj ET Q q 0 0 0 rg BT 65.83 482.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.66 482.25 Td (five ) Tj ET Q q 0 0 0 rg BT 94.70 482.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.80 482.25 Td (, ) Tj ET Q q 0 0 0 rg BT 120.80 482.25 Td (which ) Tj ET Q q 0 0 0 rg BT 147.74 482.25 Td (is ) Tj ET Q q 0 0 0 rg BT 156.91 482.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 199.40 482.25 Td (with ) Tj ET Q q 0 0 0 rg BT 219.68 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.40 482.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 266.89 482.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.72 482.25 Td (time ) Tj ET Q q 0 0 0 rg BT 298.00 482.25 Td (its ) Tj ET Q q 0 0 0 rg BT 309.95 482.25 Td (legacy ) Tj ET Q q 0 0 0 rg BT 338.54 482.25 Td (platforms ) Tj ET Q q 0 0 0 rg BT 379.37 482.25 Td (were ) Tj ET Q q 0 0 0 rg BT 401.29 482.25 Td (in ) Tj ET Q q 0 0 0 rg BT 411.57 482.25 Td (service.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 104.92 458.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 138.73 458.25 Td (on ) Tj ET Q q 0 0 0 rg BT 150.32 458.25 Td (software ) Tj ET Q q 0 0 0 rg BT 186.35 458.25 Td (development ) Tj ET Q q 0 0 0 rg BT 239.60 458.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 261.20 458.25 Td (that ) Tj ET Q q 0 0 0 rg BT 277.80 458.25 Td (is ) Tj ET Q q 0 0 0 rg BT 286.06 458.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 325.98 458.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 368.11 458.25 Td (from ) Tj ET Q q 0 0 0 rg BT 389.15 458.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 406.86 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.78 458.25 Td (services ) Tj ET Q q 0 0 0 rg BT 450.59 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 466.63 458.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 503.20 458.25 Td (in ) Tj ET Q q 0 0 0 rg BT 512.58 458.25 Td (depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.87 446.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 121.84 446.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 157.48 446.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.69 446.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.34 446.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 246.08 446.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 300.06 446.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 345.70 446.25 Td (of ) Tj ET Q q 0 0 0 rg BT 357.47 446.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 402.55 446.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.54 446.25 Td ($73,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.04 446.25 Td ( ) Tj ET Q q 0 0 0 rg BT 457.47 446.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.34 446.25 Td ($76,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.84 446.25 Td ( ) Tj ET Q q 0 0 0 rg BT 511.27 446.25 Td (for ) Tj ET Q q 0 0 0 rg BT 526.37 446.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.02 446.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.45 434.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.63 434.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.69 434.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 167.63 434.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.63 434.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.81 434.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.43 434.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.43 434.25 Td (, ) Tj ET Q q 0 0 0 rg BT 231.11 434.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 278.77 434.25 Td (. ) Tj ET Q q 0 0 0 rg BT 282.97 434.25 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 338.47 434.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 372.86 434.25 Td (on ) Tj ET Q q 0 0 0 rg BT 385.04 434.25 Td (software ) Tj ET Q q 0 0 0 rg BT 421.65 434.25 Td (development ) Tj ET Q q 0 0 0 rg BT 475.48 434.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 497.66 434.25 Td (that ) Tj ET Q q 0 0 0 rg BT 514.83 434.25 Td (is ) Tj ET Q q 0 0 0 rg BT 523.68 434.25 Td (presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 91.82 422.25 Td (from ) Tj ET Q q 0 0 0 rg BT 112.54 422.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 129.93 422.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.54 422.25 Td (services ) Tj ET Q q 0 0 0 rg BT 173.03 422.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.75 422.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 225.01 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.07 422.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 284.78 422.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.50 422.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 352.32 422.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 385.81 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 394.87 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.37 422.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 467.96 422.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 519.79 422.25 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 410.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 104.99 410.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.04 410.25 Td ($220,866) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.54 410.25 Td ( ) Tj ET Q q 0 0 0 rg BT 163.04 410.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.98 410.25 Td ($184,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.48 410.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.98 410.25 Td (for ) Tj ET Q q 0 0 0 rg BT 234.14 410.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.85 410.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 268.57 410.25 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.02 410.25 Td ( ) Tj ET Q q 0 0 0 rg BT 300.52 410.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.89 410.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 387.16 410.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.16 410.25 Td ( ) Tj ET Q q 0 0 0 rg BT 409.66 410.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 410.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.60 410.25 Td (, ) Tj ET Q q 0 0 0 rg BT 451.60 410.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 499.26 410.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.61 386.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 386.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 134.70 386.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.70 386.25 Td (, ) Tj ET Q q 0 0 0 rg BT 159.70 386.25 Td (future ) Tj ET Q q 0 0 0 rg BT 186.07 386.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 226.89 386.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 279.92 386.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 314.63 386.25 Td (related ) Tj ET Q q 0 0 0 rg BT 344.33 386.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.60 386.25 Td (software ) Tj ET Q q 0 0 0 rg BT 391.53 386.25 Td (development ) Tj ET Q q 0 0 0 rg BT 445.68 386.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 468.18 386.25 Td (over ) Tj ET Q q 0 0 0 rg BT 488.44 386.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.16 386.25 Td (next ) Tj ET Q q 0 0 0 rg BT 522.87 386.25 Td (five ) Tj ET Q q 0 0 0 rg BT 540.92 386.25 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 374.25 Td (set ) Tj ET Q q 0 0 0 rg BT 72.78 374.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 94.72 374.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.00 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.71 374.25 Td (following ) Tj ET Q q 0 0 0 rg BT 161.10 374.25 Td (schedule:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 338.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 338.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 308.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 308.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 278.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 278.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 248.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 248.75 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 338.75 m 462.5 338.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 338.75 m 562.5 338.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 248.75 m 562.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 234.75 m 562.5 234.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 232.75 m 562.5 232.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 343.42 Td (Y) Tj ET Q q 0 0 0 rg BT 59.72 343.42 Td (ear ending December 31:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 353.42 Td (Software ) Tj ET Q q 0 0 0 rg BT 504.35 353.42 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.05 343.42 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 328.42 Td (2018 \(three months remaining\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 328.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 328.42 Td (73,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 313.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 313.42 Td (324,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 298.42 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 298.42 Td (290,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 283.42 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 283.42 Td (249,601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 268.42 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 268.42 Td (180,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 253.42 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 253.42 Td (1) Tj ET Q q 0 0 0 rg BT 531.15 253.42 Td (15,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 238.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 238.42 Td (1,233,988) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 80.84 742.25 Td (5. ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (COMMITMENTS ) Tj ET Q q 0 0 0 rg BT 204.50 742.25 Td (& ) Tj ET Q q 0 0 0 rg BT 215.33 742.25 Td (CONTINGENCIES) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 716.68505859375 m 126.552734375 716.68505859375 l s q 0 0 0 rg BT 50.00 718.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 718.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 79.54 718.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 96.02 718.25 Td (eement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 706.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.56 706.25 Td (has ) Tj ET Q q 0 0 0 rg BT 125.46 706.25 Td (a ) Tj ET Q q 0 0 0 rg BT 132.46 706.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 165.56 706.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 190.89 706.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 221.78 706.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 265.98 706.25 Td (with ) Tj ET Q q 0 0 0 rg BT 286.14 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 294.78 706.25 Td (estern ) Tj ET Q q 0 0 0 rg BT 320.65 706.25 Td (Alliance ) Tj ET Q q 0 0 0 rg BT 357.09 706.25 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 383.26 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.05 706.25 Td (parent ) Tj ET Q q 0 0 0 rg BT 425.60 706.25 Td (company ) Tj ET Q q 0 0 0 rg BT 464.82 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.71 706.25 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 505.49 706.25 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 531.67 706.25 Td (N.A. ) Tj ET Q q 0 0 0 rg BT 553.68 706.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (San ) Tj ET Q q 0 0 0 rg BT 67.41 694.25 Td (Jose, ) Tj ET Q q 0 0 0 rg BT 89.55 694.25 Td (California, ) Tj ET Q q 0 0 0 rg BT 135.00 694.25 Td (which ) Tj ET Q q 0 0 0 rg BT 161.86 694.25 Td (it ) Tj ET Q q 0 0 0 rg BT 169.83 694.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 206.67 694.25 Td (on ) Tj ET Q q 0 0 0 rg BT 219.09 694.25 Td (March ) Tj ET Q q 0 0 0 rg BT 247.60 694.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 257.51 694.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 279.93 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.78 694.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 337.51 694.25 Td (on ) Tj ET Q q 0 0 0 rg BT 349.39 694.25 Td (April ) Tj ET Q q 0 0 0 rg BT 372.91 694.25 Td (13, ) Tj ET Q q 0 0 0 rg BT 387.82 694.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 412.74 694.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 422.00 694.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 451.08 694.25 Td (August ) Tj ET Q q 0 0 0 rg BT 482.38 694.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 497.30 694.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 522.21 694.25 Td (as ) Tj ET Q q 0 0 0 rg BT 532.95 694.25 Td (a ) Tj ET Q q 0 0 0 rg BT 539.81 694.25 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.65 682.25 Td (IZEA's ) Tj ET Q q 0 0 0 rg BT 91.44 682.25 Td (mer) Tj ET Q q 0 0 0 rg BT 106.80 682.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 121.90 682.25 Td (with ) Tj ET Q q 0 0 0 rg BT 141.83 682.25 Td (T) Tj ET Q q 0 0 0 rg BT 147.24 682.25 Td (apInfluence, ) Tj ET Q q 0 0 0 rg BT 199.26 682.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 219.35 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.89 682.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 275.10 682.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 306.84 682.25 Td (into ) Tj ET Q q 0 0 0 rg BT 324.72 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 331.49 682.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 369.37 682.25 Td (Financing ) Tj ET Q q 0 0 0 rg BT 411.69 682.25 Td (Modification ) Tj ET Q q 0 0 0 rg BT 465.71 682.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 512.46 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.22 682.25 Td (Consent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.93 670.25 Td (W) Tj ET Q q 0 0 0 rg BT 78.57 670.25 Td (estern ) Tj ET Q q 0 0 0 rg BT 104.25 670.25 Td (Alliance ) Tj ET Q q 0 0 0 rg BT 140.44 670.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 163.87 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.97 670.25 Td (add ) Tj ET Q q 0 0 0 rg BT 190.56 670.25 Td (T) Tj ET Q q 0 0 0 rg BT 195.97 670.25 Td (apInfluence, ) Tj ET Q q 0 0 0 rg BT 247.98 670.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 265.57 670.25 Td (as ) Tj ET Q q 0 0 0 rg BT 276.22 670.25 Td (an ) Tj ET Q q 0 0 0 rg BT 287.98 670.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 330.29 670.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 369.26 670.25 Td (on ) Tj ET Q q 0 0 0 rg BT 381.58 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.11 670.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 421.19 670.25 Td (facility) Tj ET Q q 0 0 0 rg BT 448.87 670.25 Td (. ) Tj ET Q q 0 0 0 rg BT 453.68 670.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 491.00 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.10 670.25 Td (this ) Tj ET Q q 0 0 0 rg BT 517.87 670.25 Td (agreement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.86 658.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 106.40 658.25 Td (may ) Tj ET Q q 0 0 0 rg BT 126.26 658.25 Td (submit ) Tj ET Q q 0 0 0 rg BT 156.13 658.25 Td (requests ) Tj ET Q q 0 0 0 rg BT 191.55 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 205.85 658.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 239.61 658.25 Td (up ) Tj ET Q q 0 0 0 rg BT 252.26 658.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.68 658.25 Td (80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.01 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 283.66 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.63 658.25 Td (its ) Tj ET Q q 0 0 0 rg BT 306.73 658.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 339.37 658.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 377.00 658.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 420.72 658.25 Td (up ) Tj ET Q q 0 0 0 rg BT 433.37 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.79 658.25 Td (a ) Tj ET Q q 0 0 0 rg BT 450.88 658.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 494.08 658.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 519.49 658.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 541.03 658.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.00 658.25 Td ($5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 646.25 Td (. ) Tj ET Q q 0 0 0 rg BT 83.42 646.25 Td (This ) Tj ET Q q 0 0 0 rg BT 103.39 646.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 147.22 646.25 Td (is ) Tj ET Q q 0 0 0 rg BT 156.08 646.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 188.80 646.25 Td (by ) Tj ET Q q 0 0 0 rg BT 200.99 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.40 646.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 262.17 646.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 299.34 646.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 342.61 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.24 646.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 411.98 646.25 Td (all ) Tj ET Q q 0 0 0 rg BT 424.16 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 434.68 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.09 646.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 495.86 646.25 Td (other ) Tj ET Q q 0 0 0 rg BT 518.59 646.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 546.45 646.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 94.34 634.25 Td (renews ) Tj ET Q q 0 0 0 rg BT 125.35 634.25 Td (annually ) Tj ET Q q 0 0 0 rg BT 162.48 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.62 634.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 214.52 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.44 634.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 271.02 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 281.50 634.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 298.63 634.25 Td (an ) Tj ET Q q 0 0 0 rg BT 310.77 634.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 340.12 634.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 371.14 634.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 386.04 634.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.07 634.25 Td ($20,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.57 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 432.26 634.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.59 634.25 Td (0.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.42 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 459.12 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.15 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.06 634.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 510.52 634.25 Td (limit\) ) Tj ET Q q 0 0 0 rg BT 535.44 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 552.57 634.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 79.19 622.25 Td (due ) Tj ET Q q 0 0 0 rg BT 96.17 622.25 Td (diligence ) Tj ET Q q 0 0 0 rg BT 135.35 622.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 150.10 622.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.96 622.25 Td ($1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.46 622.25 Td (. ) Tj ET Q q 0 0 0 rg BT 193.50 622.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 226.02 622.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 259.64 622.25 Td (on ) Tj ET Q q 0 0 0 rg BT 272.18 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.93 622.25 Td (advances ) Tj ET Q q 0 0 0 rg BT 326.12 622.25 Td (at ) Tj ET Q q 0 0 0 rg BT 335.87 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.62 622.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 368.14 622.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.01 622.25 Td (prime ) Tj ET Q q 0 0 0 rg BT 404.87 622.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 424.08 622.25 Td (2% ) Tj ET Q q 0 0 0 rg BT 439.95 622.25 Td (per ) Tj ET Q q 0 0 0 rg BT 455.25 622.25 Td (annum) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.47 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.00 622.25 Td (through ) Tj ET Q q 0 0 0 rg BT 518.09 622.25 Td (August ) Tj ET Q q 0 0 0 rg BT 549.52 622.25 Td (29, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 75.08 610.25 Td (at ) Tj ET Q q 0 0 0 rg BT 84.88 610.25 Td (which ) Tj ET Q q 0 0 0 rg BT 111.89 610.25 Td (time ) Tj ET Q q 0 0 0 rg BT 132.25 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.04 610.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 164.61 610.25 Td (was ) Tj ET Q q 0 0 0 rg BT 182.74 610.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 221.41 610.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.77 610.25 Td (1.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.60 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 255.18 610.25 Td (per ) Tj ET Q q 0 0 0 rg BT 270.53 610.25 Td (annum ) Tj ET Q q 0 0 0 rg BT 300.33 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 310.68 610.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 360.47 610.25 Td (with ) Tj ET Q q 0 0 0 rg BT 380.83 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.06 610.25 Td (August ) Tj ET Q q 0 0 0 rg BT 426.53 610.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 441.61 610.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 464.19 610.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 517.87 610.25 Td (agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.44 598.25 Td (default ) Tj ET Q q 0 0 0 rg BT 99.10 598.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 116.98 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.20 598.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 160.53 598.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.10 598.25 Td (prime ) Tj ET Q q 0 0 0 rg BT 196.32 598.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 215.88 598.25 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.21 598.25 Td (. ) Tj ET Q q 0 0 0 rg BT 234.40 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 252.84 598.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 294.62 598.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.95 598.25 Td ($1,733,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.95 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.85 598.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.18 598.25 Td ($500,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.68 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 417.57 598.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 467.13 598.25 Td (under ) Tj ET Q q 0 0 0 rg BT 492.80 598.25 Td (this ) Tj ET Q q 0 0 0 rg BT 510.14 598.25 Td (line ) Tj ET Q q 0 0 0 rg BT 528.03 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.25 598.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 94.67 586.25 Td (as ) Tj ET Q q 0 0 0 rg BT 106.03 586.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.39 586.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 178.19 586.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.19 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 201.22 586.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.69 586.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 277.81 586.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.81 586.25 Td (, ) Tj ET Q q 0 0 0 rg BT 303.34 586.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 351.00 586.25 Td (. ) Tj ET Q q 0 0 0 rg BT 355.86 586.25 Td (As ) Tj ET Q q 0 0 0 rg BT 370.00 586.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.37 586.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 442.16 586.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.16 586.25 Td (, ) Tj ET Q q 0 0 0 rg BT 467.69 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.94 586.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 524.86 586.25 Td (had ) Tj ET Q q 0 0 0 rg BT 542.33 586.25 Td (a ) Tj ET Q q 0 0 0 rg BT 549.80 586.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 88.50 574.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 133.10 574.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 167.14 574.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.99 574.25 Td ($6,81) Tj ET Q q 0 0 0 rg BT 201.12 574.25 Td (1,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.62 574.25 Td (. ) Tj ET Q q 0 0 0 rg BT 228.86 574.25 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 272.94 574.25 Td (that ) Tj ET Q q 0 0 0 rg BT 291.45 574.25 Td (all ) Tj ET Q q 0 0 0 rg BT 304.96 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.80 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.53 574.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 380.63 574.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 419.13 574.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 463.73 574.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 497.77 574.25 Td (was ) Tj ET Q q 0 0 0 rg BT 516.84 574.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 550.35 574.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (funding, ) Tj ET Q q 0 0 0 rg BT 86.11 562.25 Td (it ) Tj ET Q q 0 0 0 rg BT 94.17 562.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.10 562.25 Td ($3,266,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.10 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 158.60 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.88 562.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 211.92 562.25 Td (available ) Tj ET Q q 0 0 0 rg BT 250.51 562.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 275.78 562.25 Td (under ) Tj ET Q q 0 0 0 rg BT 301.04 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.76 562.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 359.90 562.25 Td (as ) Tj ET Q q 0 0 0 rg BT 370.73 562.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.56 562.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 441.83 562.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.83 562.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.87 538.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 98.85 538.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 118.27 538.25 Td (are ) Tj ET Q q 0 0 0 rg BT 133.80 538.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 180.43 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.54 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.08 538.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 254.98 538.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 308.85 538.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 342.71 538.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 366.58 538.25 Td (within ) Tj ET Q q 0 0 0 rg BT 395.46 538.25 Td (other ) Tj ET Q q 0 0 0 rg BT 419.33 538.25 Td (current ) Tj ET Q q 0 0 0 rg BT 450.97 538.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 477.62 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.38 538.25 Td (are ) Tj ET Q q 0 0 0 rg BT 510.92 538.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 554.22 538.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.59 526.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 117.95 526.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.88 526.25 Td (one ) Tj ET Q q 0 0 0 rg BT 156.47 526.25 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.13 526.25 Td (. ) Tj ET Q q 0 0 0 rg BT 178.56 526.25 Td (The ) Tj ET Q q 0 0 0 rg BT 197.26 526.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 239.31 526.25 Td (amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.44 526.25 Td ($15,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.94 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 318.10 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.59 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.96 526.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 374.77 526.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 397.93 526.25 Td (through ) Tj ET Q q 0 0 0 rg BT 432.19 526.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 464.78 526.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 500.15 526.25 Td (during ) Tj ET Q q 0 0 0 rg BT 529.41 526.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.79 526.25 Td (nine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.45 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 82.22 514.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.87 514.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 169.41 514.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.41 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 192.18 514.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.39 514.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.39 514.25 Td (, ) Tj ET Q q 0 0 0 rg BT 234.66 514.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 282.32 514.25 Td (. ) Tj ET Q q 0 0 0 rg BT 287.40 514.25 Td (The ) Tj ET Q q 0 0 0 rg BT 305.71 514.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 347.37 514.25 Td (amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.13 514.25 Td ($5,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.63 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 420.40 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 431.50 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.49 514.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 475.92 514.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 498.69 514.25 Td (through ) Tj ET Q q 0 0 0 rg BT 532.57 514.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.84 502.25 Td (during ) Tj ET Q q 0 0 0 rg BT 113.57 502.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.42 502.25 Td (three ) Tj ET Q q 0 0 0 rg BT 151.03 502.25 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.48 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 183.11 502.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.61 502.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 270.01 502.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.01 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.63 502.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.70 502.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.70 502.25 Td (, ) Tj ET Q q 0 0 0 rg BT 334.83 502.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 382.49 502.25 Td (. ) Tj ET Q q 0 0 0 rg BT 387.43 502.25 Td (The ) Tj ET Q q 0 0 0 rg BT 405.60 502.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 448.77 502.25 Td (value ) Tj ET Q q 0 0 0 rg BT 473.06 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.02 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.86 502.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 544.80 502.25 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.64 490.25 Td (related ) Tj ET Q q 0 0 0 rg BT 102.49 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 112.91 490.25 Td (this ) Tj ET Q q 0 0 0 rg BT 130.00 490.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 174.29 490.25 Td (as ) Tj ET Q q 0 0 0 rg BT 185.26 490.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.24 490.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 256.65 490.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.65 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 279.29 490.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.60 490.25 Td ($12,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.10 490.25 Td (. ) Tj ET Q q 0 0 0 rg BT 326.06 490.25 Td (This ) Tj ET Q q 0 0 0 rg BT 346.48 490.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 379.12 490.25 Td (will ) Tj ET Q q 0 0 0 rg BT 397.32 490.25 Td (be ) Tj ET Q q 0 0 0 rg BT 409.40 490.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 452.03 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.45 490.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 494.53 490.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 529.38 490.25 Td (over ) Tj ET Q q 0 0 0 rg BT 549.79 490.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.72 478.25 Td (ten ) Tj ET Q q 0 0 0 rg BT 84.43 478.25 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.88 478.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 452.68505859375 m 92.2265625 452.68505859375 l s q 0 0 0 rg BT 50.00 454.25 Td (Litigation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.23 454.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.19 442.25 Td (April ) Tj ET Q q 0 0 0 rg BT 87.83 442.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 97.86 442.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 122.89 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 129.85 442.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 170.14 442.25 Td (lawsuit, ) Tj ET Q q 0 0 0 rg BT 204.06 442.25 Td (Julian ) Tj ET Q q 0 0 0 rg BT 230.47 442.25 Td (Perez ) Tj ET Q q 0 0 0 rg BT 255.21 442.25 Td (v) Tj ET Q q 0 0 0 rg BT 259.56 442.25 Td (. ) Tj ET Q q 0 0 0 rg BT 264.59 442.25 Td (IZEA, ) Tj ET Q q 0 0 0 rg BT 292.39 442.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 312.68 442.25 Td (et ) Tj ET Q q 0 0 0 rg BT 322.43 442.25 Td (al., ) Tj ET Q q 0 0 0 rg BT 337.17 442.25 Td (case ) Tj ET Q q 0 0 0 rg BT 356.91 442.25 Td (number ) Tj ET Q q 0 0 0 rg BT 389.98 442.25 Td (2:18-cv-02784-SVW) Tj ET Q q 0 0 0 rg BT 473.86 442.25 Td (-GJS ) Tj ET Q q 0 0 0 rg BT 496.39 442.25 Td (was ) Tj ET Q q 0 0 0 rg BT 514.47 442.25 Td (instituted ) Tj ET Q q 0 0 0 rg BT 554.22 442.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.95 430.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 85.46 430.25 Td (District ) Tj ET Q q 0 0 0 rg BT 118.18 430.25 Td (Court ) Tj ET Q q 0 0 0 rg BT 143.69 430.25 Td (for ) Tj ET Q q 0 0 0 rg BT 158.08 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.02 430.25 Td (Central ) Tj ET Q q 0 0 0 rg BT 205.18 430.25 Td (District ) Tj ET Q q 0 0 0 rg BT 237.91 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.97 430.25 Td (California ) Tj ET Q q 0 0 0 rg BT 292.24 430.25 Td (against ) Tj ET Q q 0 0 0 rg BT 323.29 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.24 430.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 379.85 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.02 430.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 426.95 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.01 430.25 Td (its ) Tj ET Q q 0 0 0 rg BT 450.18 430.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 491.22 430.25 Td (of) Tj ET Q q 0 0 0 rg BT 499.37 430.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 524.31 430.25 Td (on ) Tj ET Q q 0 0 0 rg BT 537.04 430.25 Td (behalf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.06 418.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 88.99 418.25 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 133.47 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.53 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.48 418.25 Td (Company) Tj ET Q q 0 0 0 rg BT 199.14 418.25 Td (s ) Tj ET Q q 0 0 0 rg BT 204.76 418.25 Td (common ) Tj ET Q q 0 0 0 rg BT 241.48 418.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 266.69 418.25 Td (The ) Tj ET Q q 0 0 0 rg BT 283.97 418.25 Td (plaintif) Tj ET Q q 0 0 0 rg BT 312.67 418.25 Td (fs ) Tj ET Q q 0 0 0 rg BT 321.62 418.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 341.11 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.62 418.25 Td (recover ) Tj ET Q q 0 0 0 rg BT 382.32 418.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 419.04 418.25 Td (for ) Tj ET Q q 0 0 0 rg BT 432.42 418.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 470.26 418.25 Td (under ) Tj ET Q q 0 0 0 rg BT 494.76 418.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 524.24 418.25 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (laws. ) Tj ET Q q 0 0 0 rg BT 72.99 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.99 406.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.69 406.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.74 406.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 168.66 406.25 Td (that ) Tj ET Q q 0 0 0 rg BT 185.81 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.18 406.25 Td (plaintif) Tj ET Q q 0 0 0 rg BT 228.88 406.25 Td (fs) Tj ET Q q 0 0 0 rg BT 238.69 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.85 406.25 Td (allegations ) Tj ET Q q 0 0 0 rg BT 286.33 406.25 Td (are ) Tj ET Q q 0 0 0 rg BT 300.69 406.25 Td (without ) Tj ET Q q 0 0 0 rg BT 333.41 406.25 Td (merit ) Tj ET Q q 0 0 0 rg BT 356.67 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.26 406.25 Td (intends ) Tj ET Q q 0 0 0 rg BT 404.31 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.24 406.25 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 459.18 406.25 Td (defend ) Tj ET Q q 0 0 0 rg BT 488.54 406.25 Td (against ) Tj ET Q q 0 0 0 rg BT 519.03 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.40 406.25 Td (claims. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.93 382.25 Td (July ) Tj ET Q q 0 0 0 rg BT 84.31 382.25 Td (3, ) Tj ET Q q 0 0 0 rg BT 94.51 382.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 119.72 382.25 Td (a ) Tj ET Q q 0 0 0 rg BT 126.87 382.25 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 176.22 382.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 218.91 382.25 Td (lawsuit, ) Tj ET Q q 0 0 0 rg BT 253.00 382.25 Td (Korene ) Tj ET Q q 0 0 0 rg BT 285.14 382.25 Td (Stuart ) Tj ET Q q 0 0 0 rg BT 311.73 382.25 Td (v) Tj ET Q q 0 0 0 rg BT 316.08 382.25 Td (. ) Tj ET Q q 0 0 0 rg BT 321.29 382.25 Td (Edward ) Tj ET Q q 0 0 0 rg BT 355.10 382.25 Td (H. ) Tj ET Q q 0 0 0 rg BT 367.53 382.25 Td (Murphy ) Tj ET Q q 0 0 0 rg BT 402.46 382.25 Td (et ) Tj ET Q q 0 0 0 rg BT 412.38 382.25 Td (al., ) Tj ET Q q 0 0 0 rg BT 427.30 382.25 Td (case ) Tj ET Q q 0 0 0 rg BT 447.22 382.25 Td (number ) Tj ET Q q 0 0 0 rg BT 479.88 382.25 Td (A-18-777135-C ) Tj ET Q q 0 0 0 rg BT 546.47 382.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (instituted ) Tj ET Q q 0 0 0 rg BT 89.08 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.73 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.81 370.25 Td (Eighth ) Tj ET Q q 0 0 0 rg BT 141.33 370.25 Td (Judicial ) Tj ET Q q 0 0 0 rg BT 174.30 370.25 Td (District ) Tj ET Q q 0 0 0 rg BT 206.16 370.25 Td (Court ) Tj ET Q q 0 0 0 rg BT 230.80 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.99 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.07 370.25 Td (State ) Tj ET Q q 0 0 0 rg BT 276.93 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.12 370.25 Td (Nevada, ) Tj ET Q q 0 0 0 rg BT 322.02 370.25 Td (Clark ) Tj ET Q q 0 0 0 rg BT 346.10 370.25 Td (County ) Tj ET Q q 0 0 0 rg BT 377.41 370.25 Td (against ) Tj ET Q q 0 0 0 rg BT 407.60 370.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 436.67 370.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 476.84 370.25 Td (of) Tj ET Q q 0 0 0 rg BT 484.99 370.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 509.06 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.36 370.25 Td (members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.39 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.67 358.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 104.17 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.56 358.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 155.83 358.25 Td (for ) Tj ET Q q 0 0 0 rg BT 170.55 358.25 Td (IZEA. ) Tj ET Q q 0 0 0 rg BT 198.88 358.25 Td (IZEA) Tj ET Q q 0 0 0 rg BT 221.09 358.25 Td ( ) Tj ET Q q 0 0 0 rg BT 224.15 358.25 Td (has ) Tj ET Q q 0 0 0 rg BT 240.54 358.25 Td (been ) Tj ET Q q 0 0 0 rg BT 262.48 358.25 Td (named ) Tj ET Q q 0 0 0 rg BT 292.20 358.25 Td (as ) Tj ET Q q 0 0 0 rg BT 303.59 358.25 Td (a ) Tj ET Q q 0 0 0 rg BT 311.09 358.25 Td (nominal ) Tj ET Q q 0 0 0 rg BT 346.92 358.25 Td (defendant. ) Tj ET Q q 0 0 0 rg BT 391.68 358.25 Td (The ) Tj ET Q q 0 0 0 rg BT 410.29 358.25 Td (plaintif) Tj ET Q q 0 0 0 rg BT 438.99 358.25 Td (f ) Tj ET Q q 0 0 0 rg BT 445.38 358.25 Td (seeks ) Tj ET Q q 0 0 0 rg BT 470.10 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 480.94 358.25 Td (recover ) Tj ET Q q 0 0 0 rg BT 513.98 358.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 552.02 358.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 77.46 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.26 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.95 346.25 Td (company ) Tj ET Q q 0 0 0 rg BT 142.08 346.25 Td (for ) Tj ET Q q 0 0 0 rg BT 156.21 346.25 Td (purported ) Tj ET Q q 0 0 0 rg BT 197.56 346.25 Td (breaches ) Tj ET Q q 0 0 0 rg BT 235.01 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.81 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.50 346.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 303.52 346.25 Td (defendants) Tj ET Q q 0 0 0 rg BT 349.42 346.25 Td ( ) Tj ET Q q 0 0 0 rg BT 351.90 346.25 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 390.46 346.25 Td (duties ) Tj ET Q q 0 0 0 rg BT 416.82 346.25 Td (as ) Tj ET Q q 0 0 0 rg BT 427.62 346.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 465.08 346.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 493.10 346.25 Td (of) Tj ET Q q 0 0 0 rg BT 501.25 346.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 525.93 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 536.73 346.25 Td (IZEA, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (unjust ) Tj ET Q q 0 0 0 rg BT 76.99 334.25 Td (enrichment, ) Tj ET Q q 0 0 0 rg BT 127.01 334.25 Td (abuse ) Tj ET Q q 0 0 0 rg BT 152.32 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.19 334.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 196.56 334.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 220.21 334.25 Td (mismanagement, ) Tj ET Q q 0 0 0 rg BT 290.79 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.77 334.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 333.08 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.96 334.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 384.25 334.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 410.12 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 420.44 334.25 Td (violation ) Tj ET Q q 0 0 0 rg BT 458.54 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.41 334.25 Td (state ) Tj ET Q q 0 0 0 rg BT 490.27 334.25 Td (common ) Tj ET Q q 0 0 0 rg BT 527.81 334.25 Td (law) Tj ET Q q 0 0 0 rg BT 541.60 334.25 Td (. ) Tj ET Q q 0 0 0 rg BT 546.46 334.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 93.07 322.25 Td (defendants ) Tj ET Q q 0 0 0 rg BT 138.91 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.87 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.61 322.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 212.02 322.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 243.41 322.25 Td (that ) Tj ET Q q 0 0 0 rg BT 260.93 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.67 322.25 Td (plaintif) Tj ET Q q 0 0 0 rg BT 304.37 322.25 Td (f) Tj ET Q q 0 0 0 rg BT 308.25 322.25 Td () Tj ET Q q 0 0 0 rg BT 311.03 322.25 Td (s ) Tj ET Q q 0 0 0 rg BT 317.44 322.25 Td (allegations ) Tj ET Q q 0 0 0 rg BT 363.29 322.25 Td (are ) Tj ET Q q 0 0 0 rg BT 378.02 322.25 Td (without ) Tj ET Q q 0 0 0 rg BT 411.09 322.25 Td (merit ) Tj ET Q q 0 0 0 rg BT 434.72 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.68 322.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 479.20 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.50 322.25 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 534.80 322.25 Td (defend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (against ) Tj ET Q q 0 0 0 rg BT 80.83 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.54 310.25 Td (claims.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.38 286.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.10 286.25 Td (had ) Tj ET Q q 0 0 0 rg BT 127.37 286.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 175.18 286.25 Td (that ) Tj ET Q q 0 0 0 rg BT 193.01 286.25 Td (it ) Tj ET Q q 0 0 0 rg BT 201.40 286.25 Td (is ) Tj ET Q q 0 0 0 rg BT 210.90 286.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 248.72 286.25 Td (that ) Tj ET Q q 0 0 0 rg BT 266.54 286.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 303.26 286.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 337.19 286.25 Td (by ) Tj ET Q q 0 0 0 rg BT 350.02 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.07 286.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 406.79 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 417.40 286.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 448.54 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.71 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.76 286.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 513.70 286.25 Td (proceedings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (described ) Tj ET Q q 0 0 0 rg BT 90.13 274.25 Td (above ) Tj ET Q q 0 0 0 rg BT 115.83 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.08 274.25 Td (other ) Tj ET Q q 0 0 0 rg BT 154.44 274.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 192.37 274.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 242.50 274.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 282.65 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.68 274.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 337.39 274.25 Td (will ) Tj ET Q q 0 0 0 rg BT 354.76 274.25 Td (be ) Tj ET Q q 0 0 0 rg BT 366.02 274.25 Td (in ) Tj ET Q q 0 0 0 rg BT 375.61 274.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 403.53 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.67 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.71 274.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 470.07 274.25 Td (retention ) Tj ET Q q 0 0 0 rg BT 507.43 274.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 539.24 274.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (its ) Tj ET Q q 0 0 0 rg BT 62.31 262.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 103.48 262.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 131.34 262.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.53 262.25 Td ($500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.03 262.25 Td (. ) Tj ET Q q 0 0 0 rg BT 184.76 262.25 Td (As ) Tj ET Q q 0 0 0 rg BT 198.73 262.25 Td (a ) Tj ET Q q 0 0 0 rg BT 206.03 262.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 233.61 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.69 262.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 290.43 262.25 Td (has ) Tj ET Q q 0 0 0 rg BT 306.62 262.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 344.46 262.25 Td (a ) Tj ET Q q 0 0 0 rg BT 351.76 262.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 385.73 262.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 426.90 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.98 262.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 479.27 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.46 262.25 Td (such ) Tj ET Q q 0 0 0 rg BT 511.65 262.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 547.01 262.25 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.70 250.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 101.64 250.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 120.23 250.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 156.05 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.33 250.25 Td (date ) Tj ET Q q 0 0 0 rg BT 185.48 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.31 250.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.57 250.25 Td ($62,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.07 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 291.57 250.25 Td (that ) Tj ET Q q 0 0 0 rg BT 309.07 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.78 250.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 365.17 250.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 397.66 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.93 250.25 Td (count ) Tj ET Q q 0 0 0 rg BT 432.65 250.25 Td (against ) Tj ET Q q 0 0 0 rg BT 463.48 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.19 250.25 Td (retention ) Tj ET Q q 0 0 0 rg BT 516.24 250.25 Td (amount.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (From ) Tj ET Q q 0 0 0 rg BT 73.87 226.25 Td (time ) Tj ET Q q 0 0 0 rg BT 93.85 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.83 226.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 126.31 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.73 226.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 181.82 226.25 Td (may ) Tj ET Q q 0 0 0 rg BT 201.24 226.25 Td (become ) Tj ET Q q 0 0 0 rg BT 234.54 226.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 271.74 226.25 Td (in ) Tj ET Q q 0 0 0 rg BT 281.72 226.25 Td (various ) Tj ET Q q 0 0 0 rg BT 313.36 226.25 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 348.34 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 364.98 226.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 386.62 226.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 437.14 226.25 Td (that ) Tj ET Q q 0 0 0 rg BT 454.34 226.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 475.42 226.25 Td (in ) Tj ET Q q 0 0 0 rg BT 485.40 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.82 226.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 535.90 226.25 Td (course ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.42 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.72 214.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 121.39 214.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 159.86 214.25 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 201.39 214.25 Td (is, ) Tj ET Q q 0 0 0 rg BT 212.65 214.25 Td (however) Tj ET Q q 0 0 0 rg BT 246.67 214.25 Td (, ) Tj ET Q q 0 0 0 rg BT 251.26 214.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 281.67 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 291.54 214.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 326.39 214.25 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 382.06 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.59 214.25 Td (an ) Tj ET Q q 0 0 0 rg BT 410.11 214.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 442.74 214.25 Td (result ) Tj ET Q q 0 0 0 rg BT 467.04 214.25 Td (in ) Tj ET Q q 0 0 0 rg BT 476.90 214.25 Td (these ) Tj ET Q q 0 0 0 rg BT 499.54 214.25 Td (or ) Tj ET Q q 0 0 0 rg BT 509.95 214.25 Td (other ) Tj ET Q q 0 0 0 rg BT 532.59 214.25 Td (matters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (may ) Tj ET Q q 0 0 0 rg BT 70.59 202.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 92.84 202.25 Td (from ) Tj ET Q q 0 0 0 rg BT 115.65 202.25 Td (time ) Tj ET Q q 0 0 0 rg BT 136.80 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.95 202.25 Td (time ) Tj ET Q q 0 0 0 rg BT 169.10 202.25 Td (that ) Tj ET Q q 0 0 0 rg BT 187.47 202.25 Td (may ) Tj ET Q q 0 0 0 rg BT 208.06 202.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 231.98 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.57 202.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 295.53 202.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 335.05 202.25 Td (The ) Tj ET Q q 0 0 0 rg BT 353.97 202.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 396.23 202.25 Td (is ) Tj ET Q q 0 0 0 rg BT 406.27 202.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 445.74 202.25 Td (not ) Tj ET Q q 0 0 0 rg BT 461.90 202.25 Td (aware ) Tj ET Q q 0 0 0 rg BT 489.14 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.84 202.25 Td (any ) Tj ET Q q 0 0 0 rg BT 518.65 202.25 Td (other ) Tj ET Q q 0 0 0 rg BT 542.57 202.25 Td (legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 101.88 190.25 Td (or ) Tj ET Q q 0 0 0 rg BT 113.77 190.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 143.44 190.25 Td (that ) Tj ET Q q 0 0 0 rg BT 161.99 190.25 Td (it ) Tj ET Q q 0 0 0 rg BT 171.11 190.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 207.44 190.25 Td (would ) Tj ET Q q 0 0 0 rg BT 236.00 190.25 Td (or ) Tj ET Q q 0 0 0 rg BT 247.89 190.25 Td (could ) Tj ET Q q 0 0 0 rg BT 273.67 190.25 Td (have, ) Tj ET Q q 0 0 0 rg BT 298.61 190.25 Td (individually ) Tj ET Q q 0 0 0 rg BT 350.50 190.25 Td (or ) Tj ET Q q 0 0 0 rg BT 362.39 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 373.73 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.51 190.25 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 434.44 190.25 Td (a ) Tj ET Q q 0 0 0 rg BT 442.44 190.25 Td (material ) Tj ET Q q 0 0 0 rg BT 478.76 190.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 512.86 190.25 Td (ef) Tj ET Q q 0 0 0 rg BT 520.44 190.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 538.99 190.25 Td (on ) Tj ET Q q 0 0 0 rg BT 552.55 190.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.16 178.25 Td (or ) Tj ET Q q 0 0 0 rg BT 104.99 178.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 142.47 178.25 Td (position. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 80.34 154.25 Td (6. ) Tj ET Q q 0 0 0 rg BT 121.50 154.25 Td (ST) Tj ET Q q 0 0 0 rg BT 133.55 154.25 Td (OCKHOLDERS' ) Tj ET Q q 0 0 0 rg BT 210.51 154.25 Td (EQUITY) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 128.68505859375 m 129.041015625 128.68505859375 l s q 0 0 0 rg BT 49.50 130.25 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 100.33 130.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 120.71 130.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td (The ) Tj ET Q q 0 0 0 rg BT 66.95 118.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.74 118.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.97 118.25 Td (200,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.97 118.25 Td ( ) Tj ET Q q 0 0 0 rg BT 174.87 118.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 218.97 118.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 245.86 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.09 118.25 Td (common ) Tj ET Q q 0 0 0 rg BT 292.99 118.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 316.00 118.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.34 118.25 Td (10,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.34 118.25 Td ( ) Tj ET Q q 0 0 0 rg BT 379.24 118.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 423.34 118.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 450.23 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.46 118.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 499.00 118.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 524.51 118.25 Td (each ) Tj ET Q q 0 0 0 rg BT 544.73 118.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.44 106.25 Td (par ) Tj ET Q q 0 0 0 rg BT 71.71 106.25 Td (value ) Tj ET Q q 0 0 0 rg BT 95.86 106.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.69 106.25 Td ($0.0001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.19 106.25 Td ( ) Tj ET Q q 0 0 0 rg BT 141.69 106.25 Td (per ) Tj ET Q q 0 0 0 rg BT 156.96 106.25 Td (share. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 80.68505859375 m 172.95703125 80.68505859375 l s q 0 0 0 rg BT 49.50 82.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 75.89 82.25 Td (Issued ) Tj ET Q q 0 0 0 rg BT 105.63 82.25 Td (for) Tj ET Q q 0 0 0 rg BT 118.22 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 120.16 82.25 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.71 70.25 Td (January ) Tj ET Q q 0 0 0 rg BT 98.79 70.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 114.28 70.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 139.76 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.97 70.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 196.84 70.25 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.82 70.25 Td (200,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.32 70.25 Td ( ) Tj ET Q q 0 0 0 rg BT 260.31 70.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 288.29 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.60 70.25 Td (its ) Tj ET Q q 0 0 0 rg BT 312.04 70.25 Td (common ) Tj ET Q q 0 0 0 rg BT 350.02 70.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 374.11 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.88 70.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 413.97 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.17 70.25 Td (final ) Tj ET Q q 0 0 0 rg BT 450.48 70.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 480.13 70.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 526.97 70.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.25 Td (price ) Tj ET Q q 0 0 0 rg BT 72.77 58.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 110.48 58.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.09 58.25 Td ($938,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.59 58.25 Td ( ) Tj ET Q q 0 0 0 rg BT 162.87 58.25 Td (per ) Tj ET Q q 0 0 0 rg BT 178.92 58.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.42 58.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 219.91 58.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.52 58.25 Td (a ) Tj ET Q q 0 0 0 rg BT 239.24 58.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 265.30 58.25 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 303.96 58.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 351.66 58.25 Td (dated ) Tj ET Q q 0 0 0 rg BT 376.60 58.25 Td (as ) Tj ET Q q 0 0 0 rg BT 388.21 58.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.82 58.25 Td (January ) Tj ET Q q 0 0 0 rg BT 434.19 58.25 Td (27, ) Tj ET Q q 0 0 0 rg BT 449.98 58.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 475.76 58.25 Td (by ) Tj ET Q q 0 0 0 rg BT 489.04 58.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.75 58.25 Td (among ) Tj ET Q q 0 0 0 rg BT 537.25 58.25 Td (IZEA, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.25 Td (Ebyline ) Tj ET Q q 0 0 0 rg BT 83.26 46.25 Td (and ) Tj ET Q q 0 0 0 rg BT 100.35 46.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.23 46.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 168.43 46.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.42 46.25 Td (Ebyline ) Tj ET Q q 0 0 0 rg BT 213.18 46.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 231.38 46.25 Td (Ebyline ) Tj ET Q q 0 0 0 rg BT 269.58 46.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 295.01 46.25 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 333.18 46.25 Td (Agreement\). ) Tj ET Q q 0 0 0 rg BT 390.53 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 392.99 46.25 Td (The ) Tj ET Q q 0 0 0 rg BT 411.20 46.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 452.74 46.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 490.37 46.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.47 46.25 Td ($10,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.97 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 532.62 46.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 552.50 46.25 Td (on ) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.25 731.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 107.89 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.76 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.51 731.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 179.93 731.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 202.47 731.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 236.10 731.10 Td (for ) Tj ET Q q 0 0 0 rg BT 250.30 731.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.06 731.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 284.81 731.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.26 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 316.80 731.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.21 731.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 403.52 731.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET 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BT 388.67 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.90 695.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 449.49 695.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 493.16 695.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 510.15 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.49 695.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 545.83 695.10 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.83 683.10 Td (. ) Tj ET Q q 0 0 0 rg BT 67.23 683.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 99.11 683.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 133.22 683.10 Td (imputed ) Tj ET Q q 0 0 0 rg BT 167.89 683.10 Td (on ) Tj ET Q q 0 0 0 rg BT 179.79 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.90 683.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 236.34 683.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 282.12 683.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 304.02 683.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 337.01 683.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.46 683.10 Td ($3,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.96 683.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.86 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.54 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.66 683.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 467.86 683.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 520.30 683.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 671.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 104.49 671.10 Td (for ) Tj ET Q q 0 0 0 rg BT 118.65 671.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.36 671.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 153.08 671.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.53 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.03 671.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.40 671.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 271.67 671.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.67 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 294.17 671.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 316.11 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.38 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.10 671.10 Td (final ) Tj ET Q q 0 0 0 rg BT 361.93 671.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 408.29 671.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 445.22 671.10 Td (made ) Tj ET Q q 0 0 0 rg BT 469.38 671.10 Td (on ) Tj ET Q q 0 0 0 rg BT 481.88 671.10 Td (January ) Tj ET Q q 0 0 0 rg BT 515.48 671.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 530.48 671.10 Td (2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.10 Td (On ) Tj ET Q q 0 0 0 rg BT 63.51 647.10 Td (July ) Tj ET Q q 0 0 0 rg BT 81.96 647.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 96.24 647.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 120.53 647.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 156.75 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.31 647.10 Td (its ) Tj ET Q q 0 0 0 rg BT 177.54 647.10 Td (mer) Tj ET Q q 0 0 0 rg BT 192.91 647.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 207.46 647.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 250.89 647.10 Td (with ) Tj ET Q q 0 0 0 rg BT 270.32 647.10 Td (T) Tj ET Q q 0 0 0 rg BT 275.73 647.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 324.70 647.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 342.59 647.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 363.81 647.10 Td (2\) ) Tj ET Q q 0 0 0 rg BT 373.92 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.92 647.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 428.59 647.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.38 647.10 Td (1,150,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.38 647.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.16 647.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 523.94 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.05 647.10 Td (IZEA's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.00 635.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 110.60 635.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 139.76 635.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.48 635.10 Td ($1,759,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.48 635.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.98 635.10 Td (based ) Tj ET Q q 0 0 0 rg BT 222.24 635.10 Td (on ) Tj ET Q q 0 0 0 rg BT 234.74 635.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.46 635.10 Td ($1.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.96 635.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.46 635.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 305.85 635.10 Td (market ) Tj ET Q q 0 0 0 rg BT 336.11 635.10 Td (price ) Tj ET Q q 0 0 0 rg BT 358.60 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.43 635.10 Td (IZEA's ) Tj ET Q q 0 0 0 rg BT 400.39 635.10 Td (common ) Tj ET Q q 0 0 0 rg BT 437.88 635.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 461.49 635.10 Td (on ) Tj ET Q q 0 0 0 rg BT 473.99 635.10 Td (July ) Tj ET Q q 0 0 0 rg BT 493.16 635.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 508.16 635.10 Td (2018.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 609.53505859375 m 259.7587890625 609.53505859375 l s q 0 0 0 rg BT 49.50 611.10 Td (Underwritten Public Offerings of Common Stock) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (July 2, 2018 Public Offering) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.47 563.10 Td (July2, ) Tj ET Q q 0 0 0 rg BT 93.89 563.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 119.14 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.11 563.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 175.75 563.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 220.15 563.10 Td (an ) Tj ET Q q 0 0 0 rg BT 232.34 563.10 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 286.18 563.10 Td (public ) Tj ET Q q 0 0 0 rg BT 313.93 563.10 Td (of) Tj ET Q q 0 0 0 rg BT 322.08 563.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 348.70 563.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.78 563.10 Td (3,556,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.78 563.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.54 563.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 430.28 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.36 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.32 563.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 503.65 563.10 Td (common ) Tj ET Q q 0 0 0 rg BT 541.40 563.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.22 551.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.17 551.10 Td (public ) Tj ET Q q 0 0 0 rg BT 93.67 551.10 Td (of) Tj ET Q q 0 0 0 rg BT 101.81 551.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 128.20 551.10 Td (price ) Tj ET Q q 0 0 0 rg BT 150.69 551.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.52 551.10 Td ($1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.02 551.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.53 551.10 Td (per ) Tj ET Q q 0 0 0 rg BT 201.80 551.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 227.72 551.10 Td (The ) Tj ET Q q 0 0 0 rg BT 245.77 551.10 Td (net ) Tj ET Q q 0 0 0 rg BT 260.50 551.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 298.54 551.10 Td (for ) Tj ET Q q 0 0 0 rg BT 312.70 551.10 Td (all ) Tj ET Q q 0 0 0 rg BT 325.20 551.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 352.70 551.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 371.87 551.10 Td (by ) Tj ET Q q 0 0 0 rg BT 384.38 551.10 Td (us ) Tj ET Q q 0 0 0 rg BT 395.77 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.06 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.78 551.10 Td (public ) Tj ET Q q 0 0 0 rg BT 448.28 551.10 Td (of) Tj ET Q q 0 0 0 rg BT 456.43 551.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 482.81 551.10 Td (were ) Tj ET Q q 0 0 0 rg BT 504.74 551.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td ($3.1 ) Tj ET Q q 0 0 0 rg BT 69.65 539.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.54 539.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.18 539.10 Td (after ) Tj ET Q q 0 0 0 rg BT 122.14 539.10 Td (deducting ) Tj ET Q q 0 0 0 rg BT 164.22 539.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 218.52 539.10 Td (discounts ) Tj ET Q q 0 0 0 rg BT 258.95 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.03 539.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 330.90 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.99 539.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 388.95 539.10 Td (of) Tj ET Q q 0 0 0 rg BT 397.10 539.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 423.63 539.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 462.37 539.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 496.11 539.10 Td (by ) Tj ET Q q 0 0 0 rg BT 508.75 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 539.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 81.95 527.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.60 527.10 Td ($418,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.10 527.10 Td (. ) Tj ET Q q 0 0 0 rg BT 183.50 527.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 195.17 527.10 Td (. ) Tj ET Q q 0 0 0 rg BT 199.56 527.10 Td (Edward ) Tj ET Q q 0 0 0 rg BT 232.56 527.10 Td (Murphy) Tj ET Q q 0 0 0 rg BT 264.13 527.10 Td (, ) Tj ET Q q 0 0 0 rg BT 268.53 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.64 527.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 329.12 527.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 353.23 527.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 395.11 527.10 Td (Of) Tj ET Q q 0 0 0 rg BT 405.48 527.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 425.69 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.02 527.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.36 527.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 489.14 527.10 Td (director) Tj ET Q q 0 0 0 rg BT 519.83 527.10 Td (, ) Tj ET Q q 0 0 0 rg BT 524.23 527.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 535.90 527.10 Td (. ) Tj ET Q q 0 0 0 rg BT 540.29 527.10 Td (Brian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.10 Td (Brady) Tj ET Q q 0 0 0 rg BT 73.29 515.10 Td (, ) Tj ET Q q 0 0 0 rg BT 77.23 515.10 Td (a ) Tj ET Q q 0 0 0 rg BT 83.11 515.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 123.43 515.10 Td (director) Tj ET Q q 0 0 0 rg BT 154.13 515.10 Td (, ) Tj ET Q q 0 0 0 rg BT 158.07 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.94 515.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 185.61 515.10 Td (. ) Tj ET Q q 0 0 0 rg BT 189.55 515.10 Td (Lindsay ) Tj ET Q q 0 0 0 rg BT 223.21 515.10 Td (Gardner) Tj ET Q q 0 0 0 rg BT 255.57 515.10 Td (, ) Tj ET Q q 0 0 0 rg BT 259.51 515.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.38 515.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 305.71 515.10 Td (director ) Tj ET Q q 0 0 0 rg BT 338.24 515.10 Td (participated ) Tj ET Q q 0 0 0 rg BT 386.88 515.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.10 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.75 515.10 Td (public ) Tj ET Q q 0 0 0 rg BT 436.19 515.10 Td (of) Tj ET Q q 0 0 0 rg BT 444.34 515.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 469.66 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.53 515.10 Td (purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.51 515.10 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 515.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 503.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.71 503.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.86 503.10 Td (20,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.36 503.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.07 503.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 159.76 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.80 503.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 197.12 503.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 244.78 503.10 Td (. ) Tj ET Q q 0 0 0 rg BT 249.80 503.10 Td (The ) Tj ET Q q 0 0 0 rg BT 268.05 503.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 309.65 503.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 341.24 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.73 503.10 Td (use ) Tj ET Q q 0 0 0 rg BT 367.77 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.69 503.10 Td (net ) Tj ET Q q 0 0 0 rg BT 397.62 503.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 435.87 503.10 Td (from ) Tj ET Q q 0 0 0 rg BT 458.01 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.94 503.10 Td (of) Tj ET Q q 0 0 0 rg BT 481.09 503.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 507.68 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.16 503.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 550.30 503.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 71.62 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.07 491.10 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 121.95 491.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 171.27 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.83 491.10 Td (complementary ) Tj ET Q q 0 0 0 rg BT 252.15 491.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 299.53 491.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 352.19 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.74 491.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 394.19 491.10 Td (as ) Tj ET Q q 0 0 0 rg BT 404.64 491.10 Td (part ) Tj ET Q q 0 0 0 rg BT 422.31 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.75 491.10 Td (its ) Tj ET Q q 0 0 0 rg BT 444.32 491.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 474.77 491.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 505.77 491.10 Td (, ) Tj ET Q q 0 0 0 rg BT 510.39 491.10 Td (including ) Tj ET Q q 0 0 0 rg BT 550.28 491.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.10 Td (mer) Tj ET Q q 0 0 0 rg BT 64.87 479.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 80.13 479.10 Td (with ) Tj ET Q q 0 0 0 rg BT 100.23 479.10 Td (T) Tj ET Q q 0 0 0 rg BT 105.64 479.10 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 155.33 479.10 Td (on ) Tj ET Q q 0 0 0 rg BT 167.83 479.10 Td (July ) Tj ET Q q 0 0 0 rg BT 187.00 479.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 202.00 479.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 227.00 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.94 479.10 Td (for ) Tj ET Q q 0 0 0 rg BT 258.10 479.10 Td (working ) Tj ET Q q 0 0 0 rg BT 293.93 479.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 323.08 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.02 479.10 Td (general ) Tj ET Q q 0 0 0 rg BT 371.95 479.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 412.20 479.10 Td (purposes. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 455.10 Td (September 21, 2018 Public Offering) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.03 431.10 Td (September ) Tj ET Q q 0 0 0 rg BT 109.10 431.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 123.91 431.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 148.72 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.25 431.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 204.45 431.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 248.41 431.10 Td (an ) Tj ET Q q 0 0 0 rg BT 260.15 431.10 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 313.56 431.10 Td (public ) Tj ET Q q 0 0 0 rg BT 340.86 431.10 Td (of) Tj ET Q q 0 0 0 rg BT 349.01 431.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 375.20 431.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.84 431.10 Td (1,407,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.84 431.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.15 431.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 455.45 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.09 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.61 431.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 527.50 431.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 72.13 419.10 Td (at ) Tj ET Q q 0 0 0 rg BT 80.86 419.10 Td (a ) Tj ET Q q 0 0 0 rg BT 86.82 419.10 Td (public ) Tj ET Q q 0 0 0 rg BT 113.33 419.10 Td (of) Tj ET Q q 0 0 0 rg BT 121.48 419.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 146.88 419.10 Td (price ) Tj ET Q q 0 0 0 rg BT 168.38 419.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.23 419.10 Td ($1.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.73 419.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.25 419.10 Td (per ) Tj ET Q q 0 0 0 rg BT 216.54 419.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 241.54 419.10 Td (The ) Tj ET Q q 0 0 0 rg BT 258.61 419.10 Td (net ) Tj ET Q q 0 0 0 rg BT 272.34 419.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 309.40 419.10 Td (for ) Tj ET Q q 0 0 0 rg BT 322.58 419.10 Td (all ) Tj ET Q q 0 0 0 rg BT 334.09 419.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 360.60 419.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 378.79 419.10 Td (by ) Tj ET Q q 0 0 0 rg BT 390.31 419.10 Td (us ) Tj ET Q q 0 0 0 rg BT 400.72 419.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.02 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.75 419.10 Td (public ) Tj ET Q q 0 0 0 rg BT 450.26 419.10 Td (of) Tj ET Q q 0 0 0 rg BT 458.41 419.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 483.81 419.10 Td (were ) Tj ET Q q 0 0 0 rg BT 504.76 419.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 69.65 407.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.54 407.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.18 407.10 Td (after ) Tj ET Q q 0 0 0 rg BT 122.14 407.10 Td (deducting ) Tj ET Q q 0 0 0 rg BT 164.22 407.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 218.52 407.10 Td (discounts ) Tj ET Q q 0 0 0 rg BT 258.95 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.03 407.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 330.90 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.99 407.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 388.95 407.10 Td (of) Tj ET Q q 0 0 0 rg BT 397.10 407.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 423.63 407.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 462.37 407.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 496.11 407.10 Td (by ) Tj ET Q q 0 0 0 rg BT 508.75 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 407.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 81.35 395.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.41 395.10 Td ($290,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.91 395.10 Td (. ) Tj ET Q q 0 0 0 rg BT 181.71 395.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 193.38 395.10 Td (. ) Tj ET Q q 0 0 0 rg BT 197.19 395.10 Td (Edward ) Tj ET Q q 0 0 0 rg BT 229.59 395.10 Td (Murphy) Tj ET Q q 0 0 0 rg BT 261.16 395.10 Td (, ) Tj ET Q q 0 0 0 rg BT 264.96 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.48 395.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 324.36 395.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 347.88 395.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 389.16 395.10 Td (Of) Tj ET Q q 0 0 0 rg BT 399.53 395.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 419.15 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.89 395.10 Td (a ) Tj ET Q q 0 0 0 rg BT 440.63 395.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 480.81 395.10 Td (director) Tj ET Q q 0 0 0 rg BT 511.51 395.10 Td (, ) Tj ET Q q 0 0 0 rg BT 515.31 395.10 Td (participated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.42 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.78 383.10 Td (public ) Tj ET Q q 0 0 0 rg BT 103.91 383.10 Td (of) Tj ET Q q 0 0 0 rg BT 112.06 383.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 139.08 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.66 383.10 Td (purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.34 383.10 Td (3,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.84 383.10 Td ( ) Tj ET Q q 0 0 0 rg BT 225.98 383.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 254.11 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.58 383.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 292.10 383.10 Td (The ) Tj ET Q q 0 0 0 rg BT 310.79 383.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 352.82 383.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 384.85 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.77 383.10 Td (use ) Tj ET Q q 0 0 0 rg BT 412.24 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.60 383.10 Td (net ) Tj ET Q q 0 0 0 rg BT 442.96 383.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 481.63 383.10 Td (from ) Tj ET Q q 0 0 0 rg BT 504.21 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.57 383.10 Td (of) Tj ET Q q 0 0 0 rg BT 527.72 383.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 554.74 383.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 81.53 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.36 371.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 118.97 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.91 371.10 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 170.28 371.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 220.10 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.15 371.10 Td (complementary ) Tj ET Q q 0 0 0 rg BT 301.96 371.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 349.83 371.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 402.98 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.03 371.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 445.97 371.10 Td (as ) Tj ET Q q 0 0 0 rg BT 456.91 371.10 Td (part ) Tj ET Q q 0 0 0 rg BT 475.07 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.01 371.10 Td (its ) Tj ET Q q 0 0 0 rg BT 498.06 371.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 529.00 371.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 560.01 371.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 359.10 Td (for ) Tj ET Q q 0 0 0 rg BT 80.60 359.10 Td (working ) Tj ET Q q 0 0 0 rg BT 116.43 359.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 145.58 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.52 359.10 Td (general ) Tj ET Q q 0 0 0 rg BT 194.44 359.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 234.70 359.10 Td (purposes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.53 335.10 Td (above ) Tj ET Q q 0 0 0 rg BT 93.89 335.10 Td (of) Tj ET Q q 0 0 0 rg BT 102.04 335.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 132.29 335.10 Td (were ) Tj ET Q q 0 0 0 rg BT 154.21 335.10 Td (made ) Tj ET Q q 0 0 0 rg BT 178.35 335.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 215.27 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.53 335.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.46 335.10 Td (shelf ) Tj ET Q q 0 0 0 rg BT 254.38 335.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 302.41 335.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 343.21 335.10 Td (on ) Tj ET Q q 0 0 0 rg BT 355.69 335.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 379.85 335.10 Td (S-3 ) Tj ET Q q 0 0 0 rg BT 396.22 335.10 Td (\(File ) Tj ET Q q 0 0 0 rg BT 417.60 335.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 434.80 335.10 Td (333-212247\) ) Tj ET Q q 0 0 0 rg BT 488.95 335.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 509.76 335.10 Td (with ) Tj ET Q q 0 0 0 rg BT 530.02 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.72 335.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 91.43 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.37 323.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 150.30 323.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 203.36 323.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 221.41 323.10 Td (SEC\) ) Tj ET Q q 0 0 0 rg BT 254.46 323.10 Td (on ) Tj ET Q q 0 0 0 rg BT 266.96 323.10 Td (June ) Tj ET Q q 0 0 0 rg BT 287.79 323.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 302.79 323.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 327.79 323.10 Td (which ) Tj ET Q q 0 0 0 rg BT 354.72 323.10 Td (became ) Tj ET Q q 0 0 0 rg BT 387.76 323.10 Td (ef) Tj ET Q q 0 0 0 rg BT 395.34 323.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 425.05 323.10 Td (on ) Tj ET Q q 0 0 0 rg BT 437.55 323.10 Td (June ) Tj ET Q q 0 0 0 rg BT 458.38 323.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 473.38 323.10 Td (2016. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 297.53505859375 m 155.701171875 297.53505859375 l s q 0 0 0 rg BT 49.50 299.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 75.89 299.10 Td (Issued ) Tj ET Q q 0 0 0 rg BT 105.63 299.10 Td (for) Tj ET Q q 0 0 0 rg BT 118.22 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.72 299.10 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.38 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.14 287.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 124.35 287.10 Td (months ) Tj ET Q q 0 0 0 rg BT 156.34 287.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 182.77 287.10 Td (December ) Tj ET Q q 0 0 0 rg BT 226.40 287.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 241.45 287.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 266.49 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.26 287.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 322.69 287.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 350.24 287.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.24 287.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.78 287.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.33 287.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 431.75 287.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 469.29 287.10 Td (a ) Tj ET Q q 0 0 0 rg BT 476.27 287.10 Td (total ) Tj ET Q q 0 0 0 rg BT 496.59 287.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.47 287.10 Td (41,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.97 287.10 Td ( ) Tj ET Q q 0 0 0 rg BT 537.52 287.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.31 275.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 99.99 275.10 Td (common ) Tj ET Q q 0 0 0 rg BT 137.46 275.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 161.04 275.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 194.63 275.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 223.76 275.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.46 275.10 Td ($125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.96 275.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.43 275.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.57 275.10 Td (their ) Tj ET Q q 0 0 0 rg BT 308.37 275.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 337.50 275.10 Td (service ) Tj ET Q q 0 0 0 rg BT 368.30 275.10 Td (as ) Tj ET Q q 0 0 0 rg BT 379.10 275.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 416.57 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.37 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.07 275.10 Td (Company) Tj ET Q q 0 0 0 rg BT 480.30 275.10 Td (. ) Tj ET Q q 0 0 0 rg BT 485.10 275.10 Td (The ) Tj ET Q q 0 0 0 rg BT 503.13 275.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 526.71 275.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 554.74 275.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 72.91 263.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 108.01 263.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 158.09 263.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.51 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.49 263.10 Td (period ) Tj ET Q q 0 0 0 rg BT 212.79 263.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 239.55 263.10 Td (between ) Tj ET Q q 0 0 0 rg BT 274.62 263.10 Td (January ) Tj ET Q q 0 0 0 rg BT 307.48 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.67 263.10 Td (December ) Tj ET Q q 0 0 0 rg BT 366.52 263.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 390.77 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.53 263.10 Td (On ) Tj ET Q q 0 0 0 rg BT 406.51 263.10 Td (February ) Tj ET Q q 0 0 0 rg BT 444.37 263.10 Td (12, ) Tj ET Q q 0 0 0 rg BT 458.63 263.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 482.88 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.86 263.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 537.50 263.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (7,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.50 251.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 101.99 251.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 131.15 251.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.86 251.10 Td ($30,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.36 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.86 251.10 Td (as ) Tj ET Q q 0 0 0 rg BT 186.69 251.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 244.73 251.10 Td (for ) Tj ET Q q 0 0 0 rg BT 258.89 251.10 Td (services ) Tj ET Q q 0 0 0 rg BT 293.60 251.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.54 251.10 Td (contractor ) Tj ET Q q 0 0 0 rg BT 343.57 251.10 Td (provided. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.67 227.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.19 227.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.81 227.10 Td (2,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.31 227.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.94 227.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 189.55 227.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.62 227.10 Td (7,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.12 227.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.74 227.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 259.36 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.32 227.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 310.14 227.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 333.88 227.10 Td (on ) Tj ET Q q 0 0 0 rg BT 345.93 227.10 Td (August ) Tj ET Q q 0 0 0 rg BT 377.44 227.10 Td (14, ) Tj ET Q q 0 0 0 rg BT 392.57 227.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 415.19 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.26 227.10 Td (November ) Tj ET Q q 0 0 0 rg BT 477.09 227.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 487.22 227.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 512.34 227.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.01 227.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.06 215.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 71.73 215.10 Td (. ) Tj ET Q q 0 0 0 rg BT 77.02 215.10 Td (Edward ) Tj ET Q q 0 0 0 rg BT 110.90 215.10 Td (Murphy) Tj ET Q q 0 0 0 rg BT 142.47 215.10 Td (, ) Tj ET Q q 0 0 0 rg BT 147.76 215.10 Td (its ) Tj ET Q q 0 0 0 rg BT 159.99 215.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 184.99 215.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 227.76 215.10 Td (Of) Tj ET Q q 0 0 0 rg BT 238.13 215.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 256.04 215.10 Td (, ) Tj ET Q q 0 0 0 rg BT 261.33 215.10 Td (for ) Tj ET Q q 0 0 0 rg BT 275.77 215.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 312.44 215.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 336.89 215.10 Td (on ) Tj ET Q q 0 0 0 rg BT 349.67 215.10 Td (his ) Tj ET Q q 0 0 0 rg BT 364.13 215.10 Td (second ) Tj ET Q q 0 0 0 rg BT 394.68 215.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.90 215.10 Td (third ) Tj ET Q q 0 0 0 rg BT 433.58 215.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 464.68 215.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 517.98 215.10 Td (bonus. ) Tj ET Q q 0 0 0 rg BT 546.96 215.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 72.68 203.10 Td (was ) Tj ET Q q 0 0 0 rg BT 90.30 203.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 123.48 203.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 152.20 203.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.49 203.10 Td ($36,41) Tj ET Q q 0 0 0 rg BT 188.62 203.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.62 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.69 203.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.19 203.10 Td (vests ) Tj ET Q q 0 0 0 rg BT 234.26 203.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.11 203.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 267.83 203.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 303.24 203.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 353.64 203.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.48 203.10 Td (48 ) Tj ET Q q 0 0 0 rg BT 385.55 203.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.99 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.06 203.10 Td (from ) Tj ET Q q 0 0 0 rg BT 438.57 203.10 Td (issuance. ) Tj ET Q q 0 0 0 rg BT 477.02 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.94 203.10 Td (The ) Tj ET Q q 0 0 0 rg BT 496.55 203.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 537.51 203.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 191.10 Td ( ) Tj ET Q q 0 0 0 rg BT 66.96 191.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 94.41 191.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.30 191.10 Td (1,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.80 191.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.26 191.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 163.71 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.50 191.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 214.16 191.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 237.73 191.10 Td (on ) Tj ET Q q 0 0 0 rg BT 249.64 191.10 Td (August ) Tj ET Q q 0 0 0 rg BT 280.99 191.10 Td (14, ) Tj ET Q q 0 0 0 rg BT 295.95 191.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 318.41 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.31 191.10 Td (November ) Tj ET Q q 0 0 0 rg BT 379.97 191.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 389.93 191.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 414.89 191.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 462.55 191.10 Td (, ) Tj ET Q q 0 0 0 rg BT 467.51 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.75 191.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 489.42 191.10 Td (. ) Tj ET Q q 0 0 0 rg BT 494.38 191.10 Td (R) Tj ET Q q 0 0 0 rg BT 500.64 191.10 Td (yan ) Tj ET Q q 0 0 0 rg BT 517.54 191.10 Td (Schram, ) Tj ET Q q 0 0 0 rg BT 553.05 191.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 74.23 179.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 116.73 179.10 Td (Of) Tj ET Q q 0 0 0 rg BT 127.11 179.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 145.02 179.10 Td (, ) Tj ET Q q 0 0 0 rg BT 150.04 179.10 Td (for ) Tj ET Q q 0 0 0 rg BT 164.21 179.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 200.62 179.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 224.79 179.10 Td (on ) Tj ET Q q 0 0 0 rg BT 237.31 179.10 Td (his ) Tj ET Q q 0 0 0 rg BT 251.49 179.10 Td (second ) Tj ET Q q 0 0 0 rg BT 281.78 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.73 179.10 Td (third ) Tj ET Q q 0 0 0 rg BT 320.14 179.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 350.97 179.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 404.01 179.10 Td (bonus. ) Tj ET Q q 0 0 0 rg BT 432.73 179.10 Td (The ) Tj ET Q q 0 0 0 rg BT 450.79 179.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 474.42 179.10 Td (was ) Tj ET Q q 0 0 0 rg BT 492.49 179.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 526.11 179.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 555.28 179.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.10 Td ($6,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.50 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.44 167.10 Td (vests ) Tj ET Q q 0 0 0 rg BT 118.94 167.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.22 167.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 153.37 167.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 189.21 167.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 240.04 167.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.31 167.10 Td (48 ) Tj ET Q q 0 0 0 rg BT 272.81 167.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.25 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.75 167.10 Td (from ) Tj ET Q q 0 0 0 rg BT 326.69 167.10 Td (issuance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 143.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.22 143.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.82 143.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 114.42 143.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.87 143.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.26 143.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.52 143.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 232.67 143.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.67 143.10 Td (, ) Tj ET Q q 0 0 0 rg BT 257.56 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.16 143.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 313.44 143.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 340.82 143.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.66 143.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.21 143.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.59 143.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 421.85 143.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 459.22 143.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.05 143.10 Td (total ) Tj ET Q q 0 0 0 rg BT 486.21 143.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.92 143.10 Td (30,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.42 143.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.81 143.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 554.19 143.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 131.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 88.79 131.10 Td (common ) Tj ET Q q 0 0 0 rg BT 125.87 131.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 149.06 131.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 182.26 131.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 211.00 131.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.30 131.10 Td ($125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.80 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.89 131.10 Td (for ) Tj ET Q q 0 0 0 rg BT 273.64 131.10 Td (their ) Tj ET Q q 0 0 0 rg BT 294.05 131.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 322.79 131.10 Td (service ) Tj ET Q q 0 0 0 rg BT 353.19 131.10 Td (as ) Tj ET Q q 0 0 0 rg BT 363.61 131.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 400.68 131.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.10 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.40 131.10 Td (Company) Tj ET Q q 0 0 0 rg BT 463.64 131.10 Td (. ) Tj ET Q q 0 0 0 rg BT 468.07 131.10 Td (The ) Tj ET Q q 0 0 0 rg BT 485.71 131.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 508.90 131.10 Td (vests ) Tj ET Q q 0 0 0 rg BT 530.99 131.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.85 131.10 Td (equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 119.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 85.33 119.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 136.17 119.10 Td (from ) Tj ET Q q 0 0 0 rg BT 158.10 119.10 Td (January ) Tj ET Q q 0 0 0 rg BT 191.70 119.10 Td (through ) Tj ET Q q 0 0 0 rg BT 225.31 119.10 Td (December ) Tj ET Q q 0 0 0 rg BT 268.89 119.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 293.89 119.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 95.10 Td (On ) Tj ET Q q 0 0 0 rg BT 63.53 95.10 Td (January ) Tj ET Q q 0 0 0 rg BT 96.43 95.10 Td (1) Tj ET Q q 0 0 0 rg BT 101.06 95.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 110.37 95.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 134.68 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.70 95.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.39 95.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.20 95.10 Td (seventeen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.62 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.43 95.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 302.00 95.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.25 95.10 Td (total ) Tj ET Q q 0 0 0 rg BT 327.83 95.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.96 95.10 Td (55,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.46 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.27 95.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 394.07 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.20 95.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 443.21 95.10 Td (common ) Tj ET Q q 0 0 0 rg BT 480.01 95.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 502.93 95.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 535.84 95.10 Td (valued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 83.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.65 83.10 Td ($303,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.15 83.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.09 83.10 Td (as ) Tj ET Q q 0 0 0 rg BT 111.36 83.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 150.95 83.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 209.42 83.10 Td (for ) Tj ET Q q 0 0 0 rg BT 224.02 83.10 Td (their ) Tj ET Q q 0 0 0 rg BT 245.28 83.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 287.65 83.10 Td (future ) Tj ET Q q 0 0 0 rg BT 314.47 83.10 Td (service. ) Tj ET Q q 0 0 0 rg BT 348.22 83.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 361.71 83.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.19 83.10 Td (55,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.69 83.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.63 83.10 Td (shares, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.06 83.10 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.56 83.10 Td ( ) Tj ET Q q 0 0 0 rg BT 476.49 83.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 504.42 83.10 Td (were ) Tj ET Q q 0 0 0 rg BT 526.79 83.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 554.72 83.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 71.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 67.95 71.10 Td (LeAnn ) Tj ET Q q 0 0 0 rg BT 98.88 71.10 Td (Hitchcock, ) Tj ET Q q 0 0 0 rg BT 145.64 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.02 71.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 208.77 71.10 Td (then-current ) Tj ET Q q 0 0 0 rg BT 260.80 71.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 286.18 71.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 326.56 71.10 Td (Of) Tj ET Q q 0 0 0 rg BT 336.93 71.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 354.84 71.10 Td (, ) Tj ET Q q 0 0 0 rg BT 360.51 71.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.11 71.10 Td (5,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.61 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 403.78 71.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 431.93 71.10 Td (were ) Tj ET Q q 0 0 0 rg BT 454.53 71.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 482.69 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.64 71.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 505.31 71.10 Td (. ) Tj ET Q q 0 0 0 rg BT 510.97 71.10 Td (Schram. ) Tj ET Q q 0 0 0 rg BT 546.96 71.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 59.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.11 59.10 Td (vests ) Tj ET Q q 0 0 0 rg BT 95.61 59.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.88 59.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.88 59.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.38 59.10 Td (years ) Tj ET Q q 0 0 0 rg BT 156.98 59.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.25 59.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 191.41 59.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 230.00 59.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 280.83 59.10 Td (from ) Tj ET Q q 0 0 0 rg BT 302.77 59.10 Td (January ) Tj ET Q q 0 0 0 rg BT 336.37 59.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 358.87 59.10 Td (through ) Tj ET Q q 0 0 0 rg BT 392.48 59.10 Td (December ) Tj ET Q q 0 0 0 rg BT 436.06 59.10 Td (2019. ) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.51 731.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 106.86 731.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.32 731.10 Td (21,628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.82 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.28 731.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 188.73 731.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.63 731.10 Td (3,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.13 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.59 731.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 255.04 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.84 731.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 303.50 731.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 326.07 731.10 Td (on ) Tj ET Q q 0 0 0 rg BT 337.53 731.10 Td (May ) Tj ET Q q 0 0 0 rg BT 357.32 731.10 Td (3, ) Tj ET Q q 0 0 0 rg BT 366.28 731.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 387.74 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.98 731.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 408.65 731.10 Td (. ) Tj ET Q q 0 0 0 rg BT 412.62 731.10 Td (Murphy ) Tj ET Q q 0 0 0 rg BT 446.30 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.20 731.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 473.87 731.10 Td (. ) Tj ET Q q 0 0 0 rg BT 477.83 731.10 Td (Schram, ) Tj ET Q q 0 0 0 rg BT 512.34 731.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.00 731.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 719.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.00 719.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.08 719.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 125.27 719.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 149.23 719.10 Td (for ) Tj ET Q q 0 0 0 rg BT 163.19 719.10 Td (their ) Tj ET Q q 0 0 0 rg BT 183.81 719.10 Td (first ) Tj ET Q q 0 0 0 rg BT 202.22 719.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 232.83 719.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 285.66 719.10 Td (bonus. ) Tj ET Q q 0 0 0 rg BT 314.18 719.10 Td (The ) Tj ET Q q 0 0 0 rg BT 332.03 719.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 355.44 719.10 Td (was ) Tj ET Q q 0 0 0 rg BT 373.29 719.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 402.24 719.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.76 719.10 Td ($46,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.26 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.56 719.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 719.10 Td ($8,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.80 719.10 Td (, ) Tj ET Q q 0 0 0 rg BT 495.60 719.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 543.26 719.10 Td (, ) Tj ET Q q 0 0 0 rg BT 548.06 719.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 707.10 Td (vests ) Tj ET Q q 0 0 0 rg BT 71.21 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 80.70 707.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 104.06 707.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 139.11 707.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 189.15 707.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.63 707.10 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.63 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 220.34 707.10 Td (months ) Tj ET Q q 0 0 0 rg BT 251.50 707.10 Td (from ) Tj ET Q q 0 0 0 rg BT 272.65 707.10 Td (issuance. ) Tj ET Q q 0 0 0 rg BT 310.74 707.10 Td (On ) Tj ET Q q 0 0 0 rg BT 324.67 707.10 Td (May ) Tj ET Q q 0 0 0 rg BT 344.71 707.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 358.92 707.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 383.13 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.06 707.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 437.65 707.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.36 707.10 Td (5,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.86 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.57 707.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 515.27 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.32 707.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (common ) Tj ET Q q 0 0 0 rg BT 88.45 695.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 113.51 695.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 144.12 695.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.30 695.10 Td ($7,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.80 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.75 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.48 695.10 Td (an ) Tj ET Q q 0 0 0 rg BT 211.88 695.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 254.71 695.10 Td (as ) Tj ET Q q 0 0 0 rg BT 266.99 695.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 307.60 695.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 367.09 695.10 Td (for ) Tj ET Q q 0 0 0 rg BT 382.71 695.10 Td (future ) Tj ET Q q 0 0 0 rg BT 410.54 695.10 Td (services ) Tj ET Q q 0 0 0 rg BT 446.70 695.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 479.54 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 491.28 695.10 Td (two ) Tj ET Q q 0 0 0 rg BT 510.23 695.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 535.84 695.10 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 100.33 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.61 683.10 Td (May ) Tj ET Q q 0 0 0 rg BT 131.44 683.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 153.94 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.88 683.10 Td (2020.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.52 659.10 Td (following ) Tj ET Q q 0 0 0 rg BT 112.87 659.10 Td (table ) Tj ET Q q 0 0 0 rg BT 136.78 659.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 174.57 659.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 227.91 659.10 Td (information ) Tj ET Q q 0 0 0 rg BT 279.59 659.10 Td (about ) Tj ET Q q 0 0 0 rg BT 306.28 659.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 351.30 659.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 392.97 659.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 418.55 659.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 469.68 659.10 Td (during ) Tj ET Q q 0 0 0 rg BT 500.26 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 659.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.62 659.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.08 647.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 647.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.58 647.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.52 647.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.24 647.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 181.96 647.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.40 647.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.90 647.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.28 647.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 300.54 647.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.54 647.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 581.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 581.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 581.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 581.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 551.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 551.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 551.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 551.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 521.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 521.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 521.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 521.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 491.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 491.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 491.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 491.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 461.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 461.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 461.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 461.60 68.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 581.6 m 358 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 581.6 m 426 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 581.6 m 494 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 581.6 m 562 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 521.6 m 358 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 521.6 m 426 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 521.6 m 494 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 521.6 m 562 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 461.6 m 358 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 461.6 m 426 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 461.6 m 494 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 461.6 m 562 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 447.6 m 358 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 445.6 m 358 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 447.6 m 426 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 445.6 m 426 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 447.6 m 494 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 445.6 m 494 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 447.6 m 562 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 445.6 m 562 445.6 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 586.28 Td (Restricted Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.85 596.27 Td (Common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 586.27 Td (Shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.45 616.27 Td (W) Tj ET Q q 0 0 0 rg BT 449.49 616.27 Td (eighted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.90 606.27 Td (A) Tj ET Q q 0 0 0 rg BT 449.75 606.27 Td (verage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.40 596.27 Td (Grant Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.90 586.27 Td (Fair ) Tj ET Q q 0 0 0 rg BT 457.42 586.27 Td (V) Tj ET Q q 0 0 0 rg BT 464.00 586.27 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.45 626.27 Td (W) Tj ET Q q 0 0 0 rg BT 517.09 626.27 Td (eighted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.90 616.27 Td (A) Tj ET Q q 0 0 0 rg BT 517.38 616.27 Td (verage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.55 606.27 Td (Remaining) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.30 596.27 Td (Y) Tj ET Q q 0 0 0 rg BT 522.52 596.27 Td (ears) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.80 586.27 Td (to ) Tj ET Q q 0 0 0 rg BT 523.90 586.27 Td (V) Tj ET Q q 0 0 0 rg BT 530.01 586.27 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 571.27 Td (Nonvested at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 571.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 571.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 571.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 556.27 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 556.27 Td (61,153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 556.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 556.27 Td (3.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 541.27 Td (V) Tj ET Q q 0 0 0 rg BT 59.17 541.27 Td (ested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 541.32 Td (\(49,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 541.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 541.27 Td (3.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 526.27 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 526.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 526.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 526.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 511.27 Td (Nonvested at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 511.27 Td (1) Tj ET Q q 0 0 0 rg BT 399.65 511.27 Td (1,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 511.27 Td (4.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 511.27 Td (3.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 496.27 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 496.27 Td (1) Tj ET Q q 0 0 0 rg BT 394.65 496.27 Td (15,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 496.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 496.27 Td (4.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 481.27 Td (V) Tj ET Q q 0 0 0 rg BT 59.17 481.27 Td (ested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 481.32 Td (\(47,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 481.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 481.27 Td (4.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 466.27 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 466.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 466.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 466.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 451.27 Td (Nonvested at September 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 451.27 Td (80,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 451.27 Td (3.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 451.27 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 423.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.47 423.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 107.25 423.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 153.68 423.10 Td (on ) Tj ET Q q 0 0 0 rg BT 166.24 423.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 206.01 423.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 229.69 423.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 257.26 423.10 Td (for ) Tj ET Q q 0 0 0 rg BT 271.48 423.10 Td (services ) Tj ET Q q 0 0 0 rg BT 306.26 423.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.60 423.10 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 380.27 423.10 Td (during ) Tj ET Q q 0 0 0 rg BT 408.94 423.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.73 423.10 Td (three ) Tj ET Q q 0 0 0 rg BT 446.28 423.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.73 423.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.29 423.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.74 423.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 411.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.35 411.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.65 411.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.65 411.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.50 411.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.91 411.10 Td ($31,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.41 411.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.26 411.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.55 411.10 Td ($60,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.05 411.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.41 411.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 269.07 411.10 Td (. ) Tj ET Q q 0 0 0 rg BT 274.22 411.10 Td (T) Tj ET Q q 0 0 0 rg BT 279.63 411.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 297.48 411.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 332.54 411.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 379.25 411.10 Td (on ) Tj ET Q q 0 0 0 rg BT 392.11 411.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 432.16 411.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 456.13 411.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 483.98 411.10 Td (for ) Tj ET Q q 0 0 0 rg BT 498.49 411.10 Td (services ) Tj ET Q q 0 0 0 rg BT 533.55 411.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.19 411.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 94.08 399.10 Td (during ) Tj ET Q q 0 0 0 rg BT 122.00 399.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.04 399.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 155.07 399.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.52 399.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.33 399.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.02 399.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 271.60 399.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.60 399.10 Td ( ) Tj ET Q q 0 0 0 rg BT 293.42 399.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.67 399.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.67 399.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.49 399.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.85 399.10 Td ($93,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.35 399.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.17 399.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.42 399.10 Td ($143,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.92 399.10 Td (, ) Tj ET Q q 0 0 0 rg BT 441.24 399.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 488.90 399.10 Td (. ) Tj ET Q q 0 0 0 rg BT 493.08 399.10 Td (T) Tj ET Q q 0 0 0 rg BT 498.49 399.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 515.31 399.10 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.32 387.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 141.81 387.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 187.95 387.10 Td (on ) Tj ET Q q 0 0 0 rg BT 200.23 387.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 239.71 387.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 263.10 387.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 290.38 387.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.44 387.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 345.49 387.10 Td (during ) Tj ET Q q 0 0 0 rg BT 373.88 387.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.37 387.10 Td (three ) Tj ET Q q 0 0 0 rg BT 410.64 387.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.36 387.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 446.85 387.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 387.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.58 387.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.74 387.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 375.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 375.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.47 375.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.99 375.10 Td ($38,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.49 375.10 Td ( ) Tj ET Q q 0 0 0 rg BT 126.47 375.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.88 375.10 Td ($121,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.38 375.10 Td (, ) Tj ET Q q 0 0 0 rg BT 186.85 375.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 234.51 375.10 Td (. ) Tj ET Q q 0 0 0 rg BT 239.76 375.10 Td (There ) Tj ET Q q 0 0 0 rg BT 266.05 375.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.57 375.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.57 375.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.54 375.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 347.72 375.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 406.24 375.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 441.41 375.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 488.25 375.10 Td (on ) Tj ET Q q 0 0 0 rg BT 501.22 375.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 541.39 375.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 363.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 76.68 363.10 Td (to ) Tj ET Q q 0 0 0 rg BT 86.63 363.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 131.57 363.10 Td (during ) Tj ET Q q 0 0 0 rg BT 159.86 363.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.25 363.10 Td (three ) Tj ET Q q 0 0 0 rg BT 196.41 363.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.03 363.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 232.42 363.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.87 363.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.05 363.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.10 363.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 350.04 363.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.04 363.10 Td (. ) Tj ET Q q 0 0 0 rg BT 374.56 363.10 Td (The ) Tj ET Q q 0 0 0 rg BT 392.28 363.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 408.34 363.10 Td (value ) Tj ET Q q 0 0 0 rg BT 432.17 363.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.68 363.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.07 363.10 Td (services ) Tj ET Q q 0 0 0 rg BT 491.45 363.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.41 363.10 Td (non-employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 351.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.79 351.10 Td (based ) Tj ET Q q 0 0 0 rg BT 84.18 351.10 Td (on ) Tj ET Q q 0 0 0 rg BT 96.80 351.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.64 351.10 Td (value ) Tj ET Q q 0 0 0 rg BT 135.92 351.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.87 351.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.71 351.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 208.91 351.10 Td (common ) Tj ET Q q 0 0 0 rg BT 246.53 351.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 270.26 351.10 Td (as ) Tj ET Q q 0 0 0 rg BT 281.21 351.10 Td (it ) Tj ET Q q 0 0 0 rg BT 289.39 351.10 Td (vests ) Tj ET Q q 0 0 0 rg BT 312.01 351.10 Td (over ) Tj ET Q q 0 0 0 rg BT 332.41 351.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.24 351.10 Td (term ) Tj ET Q q 0 0 0 rg BT 368.19 351.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.14 351.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 412.58 351.10 Td (which ) Tj ET Q q 0 0 0 rg BT 439.64 351.10 Td (may ) Tj ET Q q 0 0 0 rg BT 459.48 351.10 Td (be ) Tj ET Q q 0 0 0 rg BT 471.54 351.10 Td (dif) Tj ET Q q 0 0 0 rg BT 482.47 351.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 508.41 351.10 Td (that ) Tj ET Q q 0 0 0 rg BT 526.02 351.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.86 351.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.53 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.44 339.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 99.24 339.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 121.94 339.10 Td (issuance. ) Tj ET Q q 0 0 0 rg BT 161.01 339.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.51 339.10 Td (The ) Tj ET Q q 0 0 0 rg BT 181.75 339.10 Td (change ) Tj ET Q q 0 0 0 rg BT 212.76 339.10 Td (between ) Tj ET Q q 0 0 0 rg BT 248.77 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.69 339.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 310.96 339.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 334.76 339.10 Td (price ) Tj ET Q q 0 0 0 rg BT 357.44 339.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 380.14 339.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 416.71 339.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.85 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.76 339.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 496.03 339.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 519.84 339.10 Td (price ) Tj ET Q q 0 0 0 rg BT 542.52 339.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.68 327.10 Td (date ) Tj ET Q q 0 0 0 rg BT 82.29 327.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.58 327.10 Td (vesting, ) Tj ET Q q 0 0 0 rg BT 125.93 327.10 Td (results ) Tj ET Q q 0 0 0 rg BT 153.99 327.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.73 327.10 Td (a ) Tj ET Q q 0 0 0 rg BT 170.13 327.10 Td (change ) Tj ET Q q 0 0 0 rg BT 200.41 327.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.14 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.32 327.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 240.16 327.10 Td (value ) Tj ET Q q 0 0 0 rg BT 263.77 327.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.06 327.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 319.89 327.10 Td (during ) Tj ET Q q 0 0 0 rg BT 347.96 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.14 327.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 392.00 327.10 Td (The ) Tj ET Q q 0 0 0 rg BT 409.51 327.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 450.35 327.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 496.17 327.10 Td (a ) Tj ET Q q 0 0 0 rg BT 502.57 327.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 520.09 327.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.38 327.10 Td ($1) Tj ET Q q 0 0 0 rg BT 540.01 327.10 Td (1,794) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.12 315.10 Td ($36,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.62 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.79 315.10 Td (as ) Tj ET Q q 0 0 0 rg BT 111.30 315.10 Td (a ) Tj ET Q q 0 0 0 rg BT 117.91 315.10 Td (change ) Tj ET Q q 0 0 0 rg BT 148.41 315.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.36 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.75 315.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 188.81 315.10 Td (value ) Tj ET Q q 0 0 0 rg BT 212.64 315.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.15 315.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 269.20 315.10 Td (during ) Tj ET Q q 0 0 0 rg BT 297.48 315.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.88 315.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 331.27 315.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.72 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.89 315.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.95 315.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 448.89 315.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.89 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.06 315.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.68 315.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.68 315.10 Td (, ) Tj ET Q q 0 0 0 rg BT 512.36 315.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.02 315.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 79.01 303.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 137.95 303.10 Td (related ) Tj ET Q q 0 0 0 rg BT 168.54 303.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.72 303.10 Td (issued, ) Tj ET Q q 0 0 0 rg BT 210.62 303.10 Td (but ) Tj ET Q q 0 0 0 rg BT 226.79 303.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 270.74 303.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 311.34 303.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 335.84 303.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 367.56 303.10 Td (as ) Tj ET Q q 0 0 0 rg BT 379.29 303.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.02 303.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 452.18 303.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.18 303.10 Td ( ) Tj ET Q q 0 0 0 rg BT 475.58 303.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.64 303.10 Td ($317,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.14 303.10 Td (, ) Tj ET Q q 0 0 0 rg BT 529.04 303.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.88 303.10 Td (it ) Tj ET Q q 0 0 0 rg BT 555.83 303.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 291.10 Td (included ) Tj ET Q q 0 0 0 rg BT 86.33 291.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.50 291.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 128.88 291.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 167.37 291.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.54 291.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.15 291.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 252.85 291.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 305.78 291.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 338.71 291.10 Td (sheets. ) Tj ET Q q 0 0 0 rg BT 367.87 291.10 Td (This ) Tj ET Q q 0 0 0 rg BT 388.04 291.10 Td (value ) Tj ET Q q 0 0 0 rg BT 412.09 291.10 Td (is ) Tj ET Q q 0 0 0 rg BT 421.15 291.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 461.86 291.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.03 291.10 Td (be ) Tj ET Q q 0 0 0 rg BT 483.86 291.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 530.12 291.10 Td (over ) Tj ET Q q 0 0 0 rg BT 550.28 291.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 279.10 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 123.07 279.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 154.46 279.10 Td (period ) Tj ET Q q 0 0 0 rg BT 182.50 279.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.33 279.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.59 279.10 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.09 279.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.59 279.10 Td (years. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 253.53505859375002 m 181.814453125 253.53505859375002 l s q 0 0 0 rg BT 49.50 255.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 94.22 255.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 120.61 255.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 136.54 255.10 Td (chase ) Tj ET Q q 0 0 0 rg BT 162.37 255.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 243.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.84 243.10 Td (April ) Tj ET Q q 0 0 0 rg BT 89.94 243.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 106.44 243.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 132.94 243.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 187.49 243.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 222.04 243.10 Td (a ) Tj ET Q q 0 0 0 rg BT 230.48 243.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 268.36 243.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.69 243.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.90 243.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 345.48 243.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 396.15 243.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 425.13 243.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.46 243.10 Td (common ) Tj ET Q q 0 0 0 rg BT 476.46 243.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 504.06 243.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 528.06 243.10 Td (previous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 231.10 Td (recommendation ) Tj ET Q q 0 0 0 rg BT 118.65 231.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.05 231.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 171.99 231.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.27 231.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.45 231.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 225.34 231.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 258.95 231.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.12 231.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 295.34 231.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.15 231.10 Td (W) Tj ET Q q 0 0 0 rg BT 305.79 231.10 Td (orldwide, ) Tj ET Q q 0 0 0 rg BT 345.79 231.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 363.02 231.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 384.97 231.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 427.47 231.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 452.21 231.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 490.26 231.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 509.99 231.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 527.50 231.10 Td (ESPP\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 219.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.73 219.10 Td (reserved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.40 219.10 Td (75,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.90 219.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.69 219.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 161.48 219.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.60 219.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.62 219.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 234.99 219.10 Td (common ) Tj ET Q q 0 0 0 rg BT 272.78 219.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 296.69 219.10 Td (for ) Tj ET Q q 0 0 0 rg BT 311.14 219.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 347.81 219.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 390.02 219.10 Td (. ) Tj ET Q q 0 0 0 rg BT 394.69 219.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 414.71 219.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 456.38 219.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 495.27 219.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 537.50 219.10 Td (by ) Tj ET Q q 0 0 0 rg BT 550.29 219.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 207.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.18 207.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.63 207.10 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.63 207.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.43 207.10 Td (days ) Tj ET Q q 0 0 0 rg BT 139.55 207.10 Td (or ) Tj ET Q q 0 0 0 rg BT 150.67 207.10 Td (more ) Tj ET Q q 0 0 0 rg BT 174.01 207.10 Td (on ) Tj ET Q q 0 0 0 rg BT 186.80 207.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.04 207.10 Td (full-time ) Tj ET Q q 0 0 0 rg BT 231.82 207.10 Td (or ) Tj ET Q q 0 0 0 rg BT 242.94 207.10 Td (part-time ) Tj ET Q q 0 0 0 rg BT 282.39 207.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 305.18 207.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.51 207.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.51 207.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.30 207.10 Td (hours ) Tj ET Q q 0 0 0 rg BT 346.32 207.10 Td (or ) Tj ET Q q 0 0 0 rg BT 357.44 207.10 Td (more ) Tj ET Q q 0 0 0 rg BT 380.78 207.10 Td (per ) Tj ET Q q 0 0 0 rg BT 396.34 207.10 Td (week ) Tj ET Q q 0 0 0 rg BT 420.23 207.10 Td (on ) Tj ET Q q 0 0 0 rg BT 433.03 207.10 Td (a ) Tj ET Q q 0 0 0 rg BT 440.26 207.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 471.37 207.10 Td (schedule\) ) Tj ET Q q 0 0 0 rg BT 512.47 207.10 Td (is ) Tj ET Q q 0 0 0 rg BT 521.94 207.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 554.72 207.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 195.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 93.99 195.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.06 195.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.57 195.10 Td (ESPP) Tj ET Q q 0 0 0 rg BT 140.25 195.10 Td (. ) Tj ET Q q 0 0 0 rg BT 144.88 195.10 Td (The ) Tj ET Q q 0 0 0 rg BT 162.72 195.10 Td (ESPP) Tj ET Q q 0 0 0 rg BT 185.14 195.10 Td ( ) Tj ET Q q 0 0 0 rg BT 187.44 195.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 223.04 195.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.11 195.10 Td (successive ) Tj ET Q q 0 0 0 rg BT 277.61 195.10 Td (six ) Tj ET Q q 0 0 0 rg BT 291.58 195.10 Td (months ) Tj ET Q q 0 0 0 rg BT 323.32 195.10 Td (of) Tj ET Q q 0 0 0 rg BT 331.47 195.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 357.64 195.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 389.37 195.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 443.31 195.10 Td (at ) Tj ET Q q 0 0 0 rg BT 452.82 195.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.33 195.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 509.62 195.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.24 195.10 Td (each ) Tj ET Q q 0 0 0 rg BT 540.85 195.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 183.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.78 183.10 Td (half. ) Tj ET Q q 0 0 0 rg BT 90.91 183.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 113.97 183.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 147.03 183.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 188.98 183.10 Td (who ) Tj ET Q q 0 0 0 rg BT 209.28 183.10 Td (elects ) Tj ET Q q 0 0 0 rg BT 235.12 183.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.97 183.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 291.25 183.10 Td (may ) Tj ET Q q 0 0 0 rg BT 311.54 183.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 350.15 183.10 Td (up ) Tj ET Q q 0 0 0 rg BT 363.23 183.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.08 183.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.42 183.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.49 183.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.90 183.10 Td (their ) Tj ET Q q 0 0 0 rg BT 428.30 183.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 458.03 183.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 516.65 183.10 Td (in ) Tj ET Q q 0 0 0 rg BT 527.50 183.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 171.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.24 171.10 Td (not ) Tj ET Q q 0 0 0 rg BT 88.65 171.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.05 171.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.44 171.10 Td ($21,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.94 171.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.57 171.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 201.63 171.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.59 171.10 Td (1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.09 171.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.72 171.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 265.34 171.10 Td (per ) Tj ET Q q 0 0 0 rg BT 280.74 171.10 Td (of) Tj ET Q q 0 0 0 rg BT 288.88 171.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 315.39 171.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 345.88 171.10 Td (The ) Tj ET Q q 0 0 0 rg BT 364.05 171.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 402.22 171.10 Td (price ) Tj ET Q q 0 0 0 rg BT 424.83 171.10 Td (will ) Tj ET Q q 0 0 0 rg BT 443.02 171.10 Td (be ) Tj ET Q q 0 0 0 rg BT 455.09 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.94 171.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 495.33 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.29 171.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.36 171.10 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.69 171.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.32 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 171.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 159.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.73 159.10 Td (market ) Tj ET Q q 0 0 0 rg BT 95.85 159.10 Td (value ) Tj ET Q q 0 0 0 rg BT 119.85 159.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.54 159.10 Td (a ) Tj ET Q q 0 0 0 rg BT 137.33 159.10 Td (share ) Tj ET Q q 0 0 0 rg BT 160.78 159.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.46 159.10 Td (common ) Tj ET Q q 0 0 0 rg BT 208.81 159.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 232.27 159.10 Td (on ) Tj ET Q q 0 0 0 rg BT 244.62 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.19 159.10 Td (first ) Tj ET Q q 0 0 0 rg BT 277.65 159.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 308.33 159.10 Td (day ) Tj ET Q q 0 0 0 rg BT 325.12 159.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.80 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.37 159.10 Td (of) Tj ET Q q 0 0 0 rg BT 358.52 159.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 384.75 159.10 Td (period ) Tj ET Q q 0 0 0 rg BT 412.65 159.10 Td (or ) Tj ET Q q 0 0 0 rg BT 423.33 159.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.90 159.10 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.23 159.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.59 159.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.27 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.84 159.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 500.07 159.10 Td (market ) Tj ET Q q 0 0 0 rg BT 530.18 159.10 Td (value ) Tj ET Q q 0 0 0 rg BT 554.19 159.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 147.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.22 147.10 Td (share ) Tj ET Q q 0 0 0 rg BT 81.60 147.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.21 147.10 Td (common ) Tj ET Q q 0 0 0 rg BT 131.48 147.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 155.87 147.10 Td (on ) Tj ET Q q 0 0 0 rg BT 169.15 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.65 147.10 Td (last ) Tj ET Q q 0 0 0 rg BT 201.82 147.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 233.42 147.10 Td (day ) Tj ET Q q 0 0 0 rg BT 251.14 147.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.75 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.25 147.10 Td (of) Tj ET Q q 0 0 0 rg BT 286.40 147.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 313.55 147.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 344.64 147.10 Td (The ) Tj ET Q q 0 0 0 rg BT 363.47 147.10 Td (ESPP) Tj ET Q q 0 0 0 rg BT 385.89 147.10 Td ( ) Tj ET Q q 0 0 0 rg BT 389.17 147.10 Td (will ) Tj ET Q q 0 0 0 rg BT 408.01 147.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 445.72 147.10 Td (until ) Tj ET Q q 0 0 0 rg BT 467.34 147.10 Td (January1, ) Tj ET Q q 0 0 0 rg BT 511.72 147.10 Td (2024, ) Tj ET Q q 0 0 0 rg BT 537.50 147.10 Td (unless ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 135.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 91.92 135.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 138.23 135.10 Td (by ) Tj ET Q q 0 0 0 rg BT 151.77 135.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.54 135.10 Td (Board. ) Tj ET Q q 0 0 0 rg BT 197.24 135.10 Td (As ) Tj ET Q q 0 0 0 rg BT 211.90 135.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.78 135.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 285.09 135.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.09 135.10 Td (, ) Tj ET Q q 0 0 0 rg BT 311.13 135.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.90 135.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 369.33 135.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.31 135.10 Td (22,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.81 135.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.36 135.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 462.45 135.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 490.99 135.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.86 135.10 Td (common ) Tj ET Q q 0 0 0 rg BT 541.40 135.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 123.10 Td (available ) Tj ET Q q 0 0 0 rg BT 88.39 123.10 Td (for ) Tj ET Q q 0 0 0 rg BT 102.85 123.10 Td (future ) Tj ET Q q 0 0 0 rg BT 129.53 123.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 156.77 123.10 Td (under ) Tj ET Q q 0 0 0 rg BT 182.33 123.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.35 123.10 Td (ESPP) Tj ET Q q 0 0 0 rg BT 219.04 123.10 Td (. ) Tj ET Q q 0 0 0 rg BT 224.34 123.10 Td (Employees ) Tj ET Q q 0 0 0 rg BT 271.57 123.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.59 123.10 Td ($9,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.09 123.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.89 123.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.47 123.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.80 123.10 Td (1) Tj ET Q q 0 0 0 rg BT 375.43 123.10 Td (1,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.93 123.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.73 123.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 428.52 123.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.65 123.10 Td (common ) Tj ET Q q 0 0 0 rg BT 477.45 123.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 501.36 123.10 Td (during ) Tj ET Q q 0 0 0 rg BT 530.27 123.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.28 123.10 Td (nine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 111.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.95 111.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.45 111.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.83 111.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 168.09 111.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.09 111.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 85.53505859375002 m 109.79296875 85.53505859375002 l s q 0 0 0 rg BT 49.50 87.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 75.89 87.10 Td (Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.79 87.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 75.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.34 75.10 Td (May ) Tj ET Q q 0 0 0 rg BT 81.19 75.10 Td (201) Tj ET Q q 0 0 0 rg BT 95.82 75.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 105.83 75.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.56 75.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 167.66 75.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 194.61 75.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.46 75.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 245.18 75.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 263.24 75.10 Td (Board\) ) Tj ET Q q 0 0 0 rg BT 302.40 75.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 336.57 75.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.30 75.10 Td (201) Tj ET Q q 0 0 0 rg BT 365.93 75.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 373.45 75.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 402.63 75.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 442.34 75.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 462.63 75.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.48 75.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 495.70 75.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.03 75.10 Td (W) Tj ET Q q 0 0 0 rg BT 506.67 75.10 Td (orldwide, ) Tj ET Q q 0 0 0 rg BT 547.23 75.10 Td (Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 63.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 67.01 63.10 Td (May ) Tj ET Q q 0 0 0 rg BT 91.74 63.10 Td (201) Tj ET Q q 0 0 0 rg BT 106.37 63.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 113.33 63.10 Td (Plan\). ) Tj ET Q q 0 0 0 rg BT 142.90 63.10 Td (At ) Tj ET Q q 0 0 0 rg BT 154.86 63.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.04 63.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 215.58 63.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 237.11 63.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 268.51 63.10 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 303.79 63.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.08 63.10 Td (Stockholders ) Tj ET Q q 0 0 0 rg BT 368.26 63.10 Td (held ) Tj ET Q q 0 0 0 rg BT 387.44 63.10 Td (on ) Tj ET Q q 0 0 0 rg BT 399.40 63.10 Td (June ) Tj ET Q q 0 0 0 rg BT 419.69 63.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 434.15 63.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 458.61 63.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.79 63.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 525.29 63.10 Td (approved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 51.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.37 51.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 111.67 51.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.75 51.10 Td (restatement ) Tj ET Q q 0 0 0 rg BT 175.49 51.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.47 51.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.34 51.10 Td (May ) Tj ET Q q 0 0 0 rg BT 219.32 51.10 Td (201) Tj ET Q q 0 0 0 rg BT 233.95 51.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 240.60 51.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 260.02 51.10 Td (which ) Tj ET Q q 0 0 0 rg BT 286.11 51.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 325.51 51.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.38 51.10 Td (number ) Tj ET Q q 0 0 0 rg BT 371.58 51.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.56 51.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 408.20 51.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.18 51.10 Td (common ) Tj ET Q q 0 0 0 rg BT 454.82 51.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 477.58 51.10 Td (available ) Tj ET Q q 0 0 0 rg BT 515.32 51.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.63 51.10 Td (issuance ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 731.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.97 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.90 731.10 Td (May ) Tj ET Q q 0 0 0 rg BT 110.93 731.10 Td (201) Tj ET Q q 0 0 0 rg BT 125.56 731.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 133.26 731.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 153.75 731.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.45 731.10 Td (500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.95 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.66 731.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 231.66 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 249.91 731.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 288.71 731.10 Td (May ) Tj ET Q q 0 0 0 rg BT 309.74 731.10 Td (201) Tj ET Q q 0 0 0 rg BT 324.37 731.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 332.08 731.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 352.56 731.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 381.38 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.30 731.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 437.89 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.37 731.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 471.62 731.10 Td (options ) Tj ET Q q 0 0 0 rg BT 503.78 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.26 731.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 552.50 731.10 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 719.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.13 719.10 Td (1,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.13 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.98 719.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 127.82 719.10 Td (as ) Tj ET Q q 0 0 0 rg BT 138.01 719.10 Td (an ) Tj ET Q q 0 0 0 rg BT 149.30 719.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 187.80 719.10 Td (for ) Tj ET Q q 0 0 0 rg BT 201.31 719.10 Td (its ) Tj ET Q q 0 0 0 rg BT 212.61 719.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 257.23 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.52 719.10 Td (consultants. ) Tj ET Q q 0 0 0 rg BT 324.96 719.10 Td (As ) Tj ET Q q 0 0 0 rg BT 337.92 719.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.10 719.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 407.72 719.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.72 719.10 Td (, ) Tj ET Q q 0 0 0 rg BT 432.07 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.14 719.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 486.88 719.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.17 719.10 Td (250,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.67 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 537.52 719.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 707.10 Td (common ) Tj ET Q q 0 0 0 rg BT 97.83 707.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 121.43 707.10 Td (available ) Tj ET Q q 0 0 0 rg BT 160.02 707.10 Td (for ) Tj ET Q q 0 0 0 rg BT 174.18 707.10 Td (future ) Tj ET Q q 0 0 0 rg BT 200.56 707.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 227.50 707.10 Td (under ) Tj ET Q q 0 0 0 rg BT 252.77 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.48 707.10 Td (May ) Tj ET Q q 0 0 0 rg BT 288.31 707.10 Td (201) Tj ET Q q 0 0 0 rg BT 302.94 707.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 310.44 707.10 Td (Plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (On ) Tj ET Q q 0 0 0 rg BT 63.58 683.10 Td (August ) Tj ET Q q 0 0 0 rg BT 94.87 683.10 Td (22, ) Tj ET Q q 0 0 0 rg BT 109.76 683.10 Td (201) Tj ET Q q 0 0 0 rg BT 124.39 683.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 134.28 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.88 683.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.16 683.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 224.20 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.81 683.10 Td (201) Tj ET Q q 0 0 0 rg BT 253.44 683.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 260.83 683.10 Td (B ) Tj ET Q q 0 0 0 rg BT 269.89 683.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 298.95 683.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 338.54 683.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 358.71 683.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 376.64 683.10 Td (August ) Tj ET Q q 0 0 0 rg BT 412.36 683.10 Td (201) Tj ET Q q 0 0 0 rg BT 426.99 683.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 434.38 683.10 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 462.32 683.10 Td (reserving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.92 683.10 Td (4,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.42 683.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.81 683.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 554.19 683.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.27 671.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.16 671.10 Td (for ) Tj ET Q q 0 0 0 rg BT 125.59 671.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 162.24 671.10 Td (under ) Tj ET Q q 0 0 0 rg BT 187.79 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.17 671.10 Td (August ) Tj ET Q q 0 0 0 rg BT 233.84 671.10 Td (201) Tj ET Q q 0 0 0 rg BT 248.46 671.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 256.24 671.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 278.68 671.10 Td (As ) Tj ET Q q 0 0 0 rg BT 292.57 671.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.68 671.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 364.22 671.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.22 671.10 Td (, ) Tj ET Q q 0 0 0 rg BT 389.49 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.49 671.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 446.15 671.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.36 671.10 Td (1,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.86 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.64 671.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 516.40 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.51 671.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.11 659.10 Td (available ) Tj ET Q q 0 0 0 rg BT 111.70 659.10 Td (for ) Tj ET Q q 0 0 0 rg BT 125.86 659.10 Td (future ) Tj ET Q q 0 0 0 rg BT 152.23 659.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 179.17 659.10 Td (under ) Tj ET Q q 0 0 0 rg BT 204.44 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.61 659.10 Td (August ) Tj ET Q q 0 0 0 rg BT 250.00 659.10 Td (201) Tj ET Q q 0 0 0 rg BT 264.63 659.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 272.13 659.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 76.83 635.10 Td (both ) Tj ET Q q 0 0 0 rg BT 96.95 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.51 635.10 Td (May ) Tj ET Q q 0 0 0 rg BT 132.18 635.10 Td (201) Tj ET Q q 0 0 0 rg BT 146.81 635.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 154.15 635.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 174.27 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.05 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.09 635.10 Td (August ) Tj ET Q q 0 0 0 rg BT 236.32 635.10 Td (201) Tj ET Q q 0 0 0 rg BT 250.95 635.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 258.29 635.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 278.41 635.10 Td (\(together) Tj ET Q q 0 0 0 rg BT 314.11 635.10 Td (, ) Tj ET Q q 0 0 0 rg BT 318.95 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.51 635.10 Td (201) Tj ET Q q 0 0 0 rg BT 352.57 635.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 359.92 635.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 388.92 635.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 428.47 635.10 Td (Plans\), ) Tj ET Q q 0 0 0 rg BT 462.75 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.30 635.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 504.08 635.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 550.30 635.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 85.10 623.10 Td (price ) Tj ET Q q 0 0 0 rg BT 107.93 623.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.56 623.10 Td (be ) Tj ET Q q 0 0 0 rg BT 130.84 623.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 150.91 623.10 Td (for ) Tj ET Q q 0 0 0 rg BT 165.41 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.48 623.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 210.81 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.88 623.10 Td (period ) Tj ET Q q 0 0 0 rg BT 254.27 623.10 Td (within ) Tj ET Q q 0 0 0 rg BT 282.67 623.10 Td (which ) Tj ET Q q 0 0 0 rg BT 309.96 623.10 Td (each ) Tj ET Q q 0 0 0 rg BT 331.12 623.10 Td (option ) Tj ET Q q 0 0 0 rg BT 359.52 623.10 Td (may ) Tj ET Q q 0 0 0 rg BT 379.59 623.10 Td (be ) Tj ET Q q 0 0 0 rg BT 391.87 623.10 Td (exercised, ) Tj ET Q q 0 0 0 rg BT 434.97 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.26 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.32 623.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 492.39 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.67 623.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 554.18 623.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.10 Td (each ) Tj ET Q q 0 0 0 rg BT 69.80 611.10 Td (option. ) Tj ET Q q 0 0 0 rg BT 99.69 611.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.22 611.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 151.96 611.10 Td (price ) Tj ET Q q 0 0 0 rg BT 173.93 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.24 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.44 611.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 237.07 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.49 611.10 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 309.35 611.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 332.44 611.10 Td (options ) Tj ET Q q 0 0 0 rg BT 363.87 611.10 Td (may ) Tj ET Q q 0 0 0 rg BT 383.07 611.10 Td (not ) Tj ET Q q 0 0 0 rg BT 397.83 611.10 Td (be ) Tj ET Q q 0 0 0 rg BT 409.25 611.10 Td (less ) Tj ET Q q 0 0 0 rg BT 426.23 611.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.43 611.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.76 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.74 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.06 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.26 611.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 511.11 611.10 Td (market ) Tj ET Q q 0 0 0 rg BT 540.86 611.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.10 Td (per ) Tj ET Q q 0 0 0 rg BT 65.61 599.10 Td (share ) Tj ET Q q 0 0 0 rg BT 90.04 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.71 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.26 599.10 Td (Company) Tj ET Q q 0 0 0 rg BT 158.93 599.10 Td (s ) Tj ET Q q 0 0 0 rg BT 166.16 599.10 Td (common ) Tj ET Q q 0 0 0 rg BT 204.49 599.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 228.94 599.10 Td (on ) Tj ET Q q 0 0 0 rg BT 242.27 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.83 599.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 281.71 599.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 304.20 599.10 Td (If ) Tj ET Q q 0 0 0 rg BT 314.20 599.10 Td (an ) Tj ET Q q 0 0 0 rg BT 326.98 599.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 370.87 599.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 395.32 599.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 419.76 599.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 472.52 599.10 Td (more ) Tj ET Q q 0 0 0 rg BT 496.41 599.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.96 599.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.29 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.63 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 599.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 99.18 587.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 129.69 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.92 587.10 Td (price ) Tj ET Q q 0 0 0 rg BT 167.92 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.26 587.10 Td (each ) Tj ET Q q 0 0 0 rg BT 200.59 587.10 Td (share ) Tj ET Q q 0 0 0 rg BT 224.71 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.05 587.10 Td (an ) Tj ET Q q 0 0 0 rg BT 248.51 587.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 288.17 587.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 312.30 587.10 Td (option ) Tj ET Q q 0 0 0 rg BT 340.87 587.10 Td (must ) Tj ET Q q 0 0 0 rg BT 363.33 587.10 Td (be ) Tj ET Q q 0 0 0 rg BT 375.78 587.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 400.45 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.25 587.10 Td (or ) Tj ET Q q 0 0 0 rg BT 422.59 587.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.36 587.10 Td (1) Tj ET Q q 0 0 0 rg BT 457.99 587.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.32 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.34 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.68 587.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 507.57 587.10 Td (market ) Tj ET Q q 0 0 0 rg BT 538.35 587.10 Td (value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td (Unless ) Tj ET Q q 0 0 0 rg BT 79.00 575.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 120.15 575.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 167.41 575.10 Td (by ) Tj ET Q q 0 0 0 rg BT 179.68 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.17 575.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 220.89 575.10 Td (at ) Tj ET Q q 0 0 0 rg BT 230.38 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.87 575.10 Td (time ) Tj ET Q q 0 0 0 rg BT 264.92 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.53 575.10 Td (grant, ) Tj ET Q q 0 0 0 rg BT 300.85 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.34 575.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 353.15 575.10 Td (price ) Tj ET Q q 0 0 0 rg BT 375.41 575.10 Td (is ) Tj ET Q q 0 0 0 rg BT 384.36 575.10 Td (set ) Tj ET Q q 0 0 0 rg BT 397.74 575.10 Td (at ) Tj ET Q q 0 0 0 rg BT 407.23 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.73 575.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 437.88 575.10 Td (market ) Tj ET Q q 0 0 0 rg BT 467.92 575.10 Td (value ) Tj ET Q q 0 0 0 rg BT 491.85 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.45 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 575.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 575.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.10 Td (common ) Tj ET Q q 0 0 0 rg BT 86.65 563.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 109.92 563.10 Td (on ) Tj ET Q q 0 0 0 rg BT 122.07 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.44 563.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 159.15 563.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 180.46 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.83 563.10 Td (term ) Tj ET Q q 0 0 0 rg BT 215.31 563.10 Td (is ) Tj ET Q q 0 0 0 rg BT 224.14 563.10 Td (set ) Tj ET Q q 0 0 0 rg BT 237.40 563.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.77 563.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.99 563.10 Td ( ) Tj ET Q q 0 0 0 rg BT 261.15 563.10 Td (years ) Tj ET Q q 0 0 0 rg BT 284.40 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.99 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.37 563.10 Td (options ) Tj ET Q q 0 0 0 rg BT 346.97 563.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 384.12 563.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 402.38 563.10 Td (on ) Tj ET Q q 0 0 0 rg BT 414.54 563.10 Td (a ) Tj ET Q q 0 0 0 rg BT 421.13 563.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 471.61 563.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 493.76 563.10 Td (over ) Tj ET Q q 0 0 0 rg BT 513.69 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.06 563.10 Td (requisite ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.10 Td (service ) Tj ET Q q 0 0 0 rg BT 80.15 551.10 Td (period ) Tj ET Q q 0 0 0 rg BT 108.02 551.10 Td (as ) Tj ET Q q 0 0 0 rg BT 118.68 551.10 Td (follows: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.79 551.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.12 551.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.45 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.11 551.10 Td (options ) Tj ET Q q 0 0 0 rg BT 216.89 551.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 238.11 551.10 Td (vest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.55 551.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.99 551.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.32 551.10 Td (year ) Tj ET Q q 0 0 0 rg BT 292.86 551.10 Td (from ) Tj ET Q q 0 0 0 rg BT 314.63 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.17 551.10 Td (date ) Tj ET Q q 0 0 0 rg BT 348.16 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.82 551.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 381.70 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.47 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.01 551.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 455.89 551.10 Td (options ) Tj ET Q q 0 0 0 rg BT 487.66 551.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 508.88 551.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 527.32 551.10 Td (monthly) Tj ET Q q 0 0 0 rg BT 560.01 551.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.17 539.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 82.71 539.10 Td (increments ) Tj ET Q q 0 0 0 rg BT 128.47 539.10 Td (over ) Tj ET Q q 0 0 0 rg BT 148.13 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.24 539.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.02 539.10 Td (three ) Tj ET Q q 0 0 0 rg BT 224.89 539.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.99 539.10 Td (. ) Tj ET Q q 0 0 0 rg BT 250.24 539.10 Td (The ) Tj ET Q q 0 0 0 rg BT 267.68 539.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 308.46 539.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 334.24 539.10 Td (new ) Tj ET Q q 0 0 0 rg BT 352.79 539.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 379.67 539.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.33 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.44 539.10 Td (optionee ) Tj ET Q q 0 0 0 rg BT 439.76 539.10 Td (for ) Tj ET Q q 0 0 0 rg BT 453.31 539.10 Td (any ) Tj ET Q q 0 0 0 rg BT 469.64 539.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 492.64 539.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 522.85 539.10 Td (or ) Tj ET Q q 0 0 0 rg BT 533.07 539.10 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 89.75 527.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 126.69 527.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.97 527.10 Td (its ) Tj ET Q q 0 0 0 rg BT 148.92 527.10 Td (201) Tj ET Q q 0 0 0 rg BT 163.55 527.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 171.05 527.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 200.21 527.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 239.92 527.10 Td (Plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 503.10 Td ( summary of option activity under the 201) Tj ET Q q 0 0 0 rg BT 224.38 503.10 Td (1 Equity Incentive Plans for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.88 503.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.46 503.10 Td ( and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.62 503.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.78 503.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.88 491.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.14 491.10 Td ( is presented below: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 445.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 445.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 445.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 445.60 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 415.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 415.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 415.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 415.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 415.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 415.60 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 385.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 385.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 385.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 385.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 385.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 385.60 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 355.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 355.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 355.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 355.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 355.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 355.60 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 325.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 325.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 325.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 325.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 325.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 325.60 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 301.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 301.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 301.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 301.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 301.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 301.60 84.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 445.6 m 326 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 445.6 m 392 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 445.6 m 396 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 445.6 m 474 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 445.6 m 478 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 445.6 m 562 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 385.6 m 326 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 385.6 m 392 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 385.6 m 396 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 385.6 m 474 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 385.6 m 478 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 385.6 m 562 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 325.6 m 326 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 325.6 m 392 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 325.6 m 396 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 325.6 m 474 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 325.6 m 478 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 325.6 m 562 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 311.6 m 326 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 309.6 m 326 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 311.6 m 392 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 309.6 m 392 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 311.6 m 396 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 309.6 m 396 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 311.6 m 474 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 309.6 m 474 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 311.6 m 478 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 309.6 m 478 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 311.6 m 562 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 309.6 m 562 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 287.6 m 326 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 285.6 m 326 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 287.6 m 392 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 285.6 m 392 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 287.6 m 396 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 285.6 m 396 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 287.6 m 474 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 285.6 m 474 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 287.6 m 478 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 285.6 m 478 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 287.6 m 562 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 285.6 m 562 285.6 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 450.28 Td (Options Outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.85 460.27 Td (Common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.15 450.27 Td (Shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.45 470.27 Td (W) Tj ET Q q 0 0 0 rg BT 424.09 470.27 Td (eighted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.90 460.27 Td (A) Tj ET Q q 0 0 0 rg BT 424.38 460.27 Td (verage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.75 450.27 Td (Exercise Price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.90 470.27 Td (W) Tj ET Q q 0 0 0 rg BT 491.54 470.27 Td (eighted ) Tj ET Q q 0 0 0 rg BT 522.92 470.27 Td (A) Tj ET Q q 0 0 0 rg BT 529.40 470.27 Td (verage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.95 460.27 Td (Remaining Life) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 450.27 Td (\(Y) Tj ET Q q 0 0 0 rg BT 514.55 450.27 Td (ears\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 435.27 Td (Outstanding at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 435.27 Td (959,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 435.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 435.27 Td (8.1) Tj ET Q q 0 0 0 rg BT 465.15 435.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 435.27 Td (6.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 420.27 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 420.27 Td (141,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 420.27 Td (3.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 405.27 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 405.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 405.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 405.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 390.27 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.30 390.32 Td (\(51,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 390.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 390.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 390.27 Td (38.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 375.27 Td (Outstanding at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 375.27 Td (1,049,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 375.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 375.27 Td (5.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 375.27 Td (6.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 360.27 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 360.27 Td (98,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 360.27 Td (1.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 345.27 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 345.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 345.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 345.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 330.27 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.30 330.32 Td (\(81,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 330.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 330.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 330.27 Td (5.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 315.27 Td (Outstanding at September 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 315.27 Td (1,066,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 315.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 315.27 Td (5.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 315.27 Td (5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 291.27 Td (Exercisable at September 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 291.27 Td (788,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 291.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 291.27 Td (6.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 291.27 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (During ) Tj ET Q q 0 0 0 rg BT 79.83 263.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.06 263.10 Td (three ) Tj ET Q q 0 0 0 rg BT 116.05 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.49 263.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 151.71 263.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.16 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.16 263.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.04 263.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 268.81 263.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.81 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.82 263.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.26 263.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.26 263.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.26 263.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.26 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.27 263.10 Td (options ) Tj ET Q q 0 0 0 rg BT 372.72 263.10 Td (were ) Tj ET Q q 0 0 0 rg BT 394.15 263.10 Td (exercised. ) Tj ET Q q 0 0 0 rg BT 436.27 263.10 Td (The ) Tj ET Q q 0 0 0 rg BT 453.82 263.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 469.70 263.10 Td (value ) Tj ET Q q 0 0 0 rg BT 493.36 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.69 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.91 263.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (common ) Tj ET Q q 0 0 0 rg BT 86.96 251.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 110.54 251.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.00 251.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 183.23 251.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.23 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.70 251.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.71 251.10 Td ($1.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.21 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.68 251.10 Td (per ) Tj ET Q q 0 0 0 rg BT 263.91 251.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 289.80 251.10 Td (The ) Tj ET Q q 0 0 0 rg BT 307.81 251.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 343.05 251.10 Td (value ) Tj ET Q q 0 0 0 rg BT 367.17 251.10 Td (on ) Tj ET Q q 0 0 0 rg BT 379.64 251.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 428.77 251.10 Td (options ) Tj ET Q q 0 0 0 rg BT 460.68 251.10 Td (as ) Tj ET Q q 0 0 0 rg BT 471.48 251.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.28 251.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 542.51 251.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 239.10 Td ($31,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.05 239.10 Td (. ) Tj ET Q q 0 0 0 rg BT 104.87 239.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.92 239.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 158.19 239.10 Td (value ) Tj ET Q q 0 0 0 rg BT 182.35 239.10 Td (on ) Tj ET Q q 0 0 0 rg BT 194.85 239.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 242.32 239.10 Td (options ) Tj ET Q q 0 0 0 rg BT 274.27 239.10 Td (as ) Tj ET Q q 0 0 0 rg BT 285.10 239.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.93 239.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 356.19 239.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.19 239.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.69 239.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.74 239.10 Td ($466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.74 239.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 215.10 Td ( ) Tj ET Q q 0 0 0 rg BT 58.81 215.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 98.67 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.64 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.50 215.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 167.68 215.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 191.43 215.10 Td (option ) Tj ET Q q 0 0 0 rg BT 219.63 215.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 252.26 215.10 Td (under ) Tj ET Q q 0 0 0 rg BT 277.67 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.53 215.10 Td (201) Tj ET Q q 0 0 0 rg BT 307.16 215.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 314.80 215.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 344.10 215.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 383.95 215.10 Td (Plans ) Tj ET Q q 0 0 0 rg BT 408.26 215.10 Td (for ) Tj ET Q q 0 0 0 rg BT 422.56 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.41 215.10 Td (year ) Tj ET Q q 0 0 0 rg BT 457.26 215.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.78 215.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 542.50 215.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 203.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.16 203.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 100.87 203.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.32 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.82 203.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.20 203.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 219.46 203.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.46 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.96 203.10 Td (is ) Tj ET Q q 0 0 0 rg BT 251.13 203.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 291.95 203.10 Td (below: ) Tj ET Q q 0 0 0 rg BT 321.66 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 324.16 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.66 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.16 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.66 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.16 203.10 Td ( ) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) 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0 0 rg BT 172.16 468.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 207.12 468.00 Td (was ) Tj ET Q q 0 0 0 rg BT 225.43 468.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 263.16 468.00 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.24 468.00 Td ($3,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.74 468.00 Td ( ) Tj ET Q q 0 0 0 rg BT 304.49 468.00 Td (to ) Tj ET Q q 0 0 0 rg BT 315.02 468.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 333.88 468.00 Td (of ) Tj ET Q q 0 0 0 rg BT 344.97 468.00 Td (revenue, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.87 468.00 Td ($15,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.37 468.00 Td ( ) Tj ET Q q 0 0 0 rg BT 417.12 468.00 Td (to ) Tj ET Q q 0 0 0 rg BT 427.65 468.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 449.84 468.00 Td (and ) Tj ET Q q 0 0 0 rg BT 467.03 468.00 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 512.83 468.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.02 468.00 Td ($99,527) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.00 Td (to ) Tj ET Q q 0 0 0 rg BT 60.83 456.00 Td (general ) Tj ET Q q 0 0 0 rg BT 93.81 456.00 Td (and ) Tj ET Q q 0 0 0 rg BT 111.81 456.00 Td (administrative ) Tj ET Q q 0 0 0 rg BT 172.57 456.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 208.34 456.00 Td (in ) Tj ET Q q 0 0 0 rg BT 219.67 456.00 Td (the ) Tj ET Q q 0 0 0 rg BT 235.44 456.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 283.58 456.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 337.68 456.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 379.55 456.00 Td (of ) Tj ET Q q 0 0 0 rg BT 391.44 456.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 436.65 456.00 Td (during ) Tj ET Q q 0 0 0 rg BT 466.32 456.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.09 456.00 Td (three ) Tj ET Q q 0 0 0 rg BT 505.63 456.00 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.08 456.00 Td ( ) Tj ET Q q 0 0 0 rg BT 538.63 456.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 109.20 444.00 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.20 444.00 Td (. ) Tj ET Q q 0 0 0 rg BT 133.63 444.00 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 184.44 444.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 241.91 444.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 276.05 444.00 Td (was ) Tj ET Q q 0 0 0 rg BT 293.54 444.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 330.45 444.00 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.71 444.00 Td ($14,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.21 444.00 Td ( ) Tj ET Q q 0 0 0 rg BT 375.14 444.00 Td (to ) Tj ET Q q 0 0 0 rg BT 384.85 444.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 406.22 444.00 Td (and ) Tj ET Q q 0 0 0 rg BT 422.59 444.00 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 467.57 444.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.94 444.00 Td ($167,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.44 444.00 Td ( ) Tj ET Q q 0 0 0 rg BT 523.37 444.00 Td (to ) Tj ET Q q 0 0 0 rg BT 533.08 444.00 Td (general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.00 Td (and ) Tj ET Q q 0 0 0 rg BT 66.36 432.00 Td (administrative ) Tj ET Q q 0 0 0 rg BT 125.99 432.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 160.62 432.00 Td (in ) Tj ET Q q 0 0 0 rg BT 170.82 432.00 Td (the ) Tj ET Q q 0 0 0 rg BT 185.46 432.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 232.46 432.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 285.42 432.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 326.17 432.00 Td (of ) Tj ET Q q 0 0 0 rg BT 336.92 432.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 380.99 432.00 Td (during ) Tj ET Q q 0 0 0 rg BT 409.52 432.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.16 432.00 Td (three ) Tj ET Q q 0 0 0 rg BT 446.57 432.00 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.02 432.00 Td ( ) Tj ET Q q 0 0 0 rg BT 478.44 432.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.74 432.00 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.00 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 420.00 Td (. ) Tj ET Q q 0 0 0 rg BT 74.27 420.00 Td (Future ) Tj ET Q q 0 0 0 rg BT 102.65 420.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 160.46 420.00 Td (related ) Tj ET Q q 0 0 0 rg BT 189.93 420.00 Td (to ) Tj ET Q q 0 0 0 rg BT 199.98 420.00 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 242.79 420.00 Td (awards ) Tj ET Q q 0 0 0 rg BT 273.38 420.00 Td (as ) Tj ET Q q 0 0 0 rg BT 283.98 420.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.58 420.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 354.62 420.00 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.62 420.00 Td ( ) Tj ET Q q 0 0 0 rg BT 376.89 420.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 414.69 420.00 Td (to ) Tj ET Q q 0 0 0 rg BT 424.74 420.00 Td (vest ) Tj ET Q q 0 0 0 rg BT 443.11 420.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.71 420.00 Td ($461,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.21 420.00 Td ( ) Tj ET Q q 0 0 0 rg BT 493.48 420.00 Td (is ) Tj ET Q q 0 0 0 rg BT 502.42 420.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 543.01 420.00 Td (to ) Tj ET Q q 0 0 0 rg BT 553.06 420.00 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 408.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.86 408.00 Td (over ) Tj ET Q q 0 0 0 rg BT 116.13 408.00 Td (the ) Tj ET Q q 0 0 0 rg BT 130.85 408.00 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 204.42 408.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 235.80 408.00 Td (period ) Tj ET Q q 0 0 0 rg BT 263.85 408.00 Td (of ) Tj ET Q q 0 0 0 rg BT 274.68 408.00 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.94 408.00 Td (2.8 ) Tj ET Q q 0 0 0 rg BT 349.94 408.00 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.04 408.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 384.00 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.94 384.00 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 123.18 384.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 181.76 384.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 217.00 384.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 263.89 384.00 Td (on ) Tj ET Q q 0 0 0 rg BT 276.93 384.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 301.07 384.00 Td (option ) Tj ET Q q 0 0 0 rg BT 329.66 384.00 Td (issuances, ) Tj ET Q q 0 0 0 rg BT 372.96 384.00 Td (including ) Tj ET Q q 0 0 0 rg BT 413.77 384.00 Td (the ) Tj ET Q q 0 0 0 rg BT 429.02 384.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 469.25 384.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 493.40 384.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 530.31 384.00 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.00 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 89.50 372.00 Td (above, ) Tj ET Q q 0 0 0 rg BT 118.67 372.00 Td (during ) Tj ET Q q 0 0 0 rg BT 147.56 372.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.57 372.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 182.57 372.00 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.02 372.00 Td ( ) Tj ET Q q 0 0 0 rg BT 214.81 372.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.47 372.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 302.02 372.00 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.02 372.00 Td ( ) Tj ET Q q 0 0 0 rg BT 324.81 372.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.03 372.00 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.03 372.00 Td ( ) Tj ET Q q 0 0 0 rg BT 364.82 372.00 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.16 372.00 Td ($468,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.66 372.00 Td ( ) Tj ET Q q 0 0 0 rg BT 423.45 372.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.67 372.00 Td ($509,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.17 372.00 Td (, ) Tj ET Q q 0 0 0 rg BT 483.46 372.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 531.12 372.00 Td (. ) Tj ET Q q 0 0 0 rg BT 536.41 372.00 Td (Stock-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.00 Td (based ) Tj ET Q q 0 0 0 rg BT 74.29 360.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 131.86 360.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 166.09 360.00 Td (was ) Tj ET Q q 0 0 0 rg BT 183.66 360.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 220.66 360.00 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.01 360.00 Td ($14,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.51 360.00 Td ( ) Tj ET Q q 0 0 0 rg BT 265.54 360.00 Td (to ) Tj ET Q q 0 0 0 rg BT 275.34 360.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 293.47 360.00 Td (of ) Tj ET Q q 0 0 0 rg BT 303.82 360.00 Td (revenue, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.99 360.00 Td ($60,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.49 360.00 Td ( ) Tj ET Q q 0 0 0 rg BT 374.51 360.00 Td (to ) Tj ET Q q 0 0 0 rg BT 384.31 360.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 405.78 360.00 Td (and ) Tj ET Q q 0 0 0 rg BT 422.24 360.00 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 467.30 360.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.76 360.00 Td ($393,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.26 360.00 Td ( ) Tj ET Q q 0 0 0 rg BT 523.29 360.00 Td (to ) Tj ET Q q 0 0 0 rg BT 533.09 360.00 Td (general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.00 Td (and ) Tj ET Q q 0 0 0 rg BT 66.54 348.00 Td (administrative ) Tj ET Q q 0 0 0 rg BT 126.36 348.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 161.17 348.00 Td (in ) Tj ET Q q 0 0 0 rg BT 171.56 348.00 Td (the ) Tj ET Q q 0 0 0 rg BT 186.38 348.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 233.57 348.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 286.71 348.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 327.64 348.00 Td (of ) Tj ET Q q 0 0 0 rg BT 338.58 348.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 382.84 348.00 Td (during ) Tj ET Q q 0 0 0 rg BT 411.55 348.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.38 348.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 446.20 348.00 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 348.00 Td ( ) Tj ET Q q 0 0 0 rg BT 478.26 348.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.74 348.00 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.00 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 336.00 Td (. ) Tj ET Q q 0 0 0 rg BT 76.66 336.00 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 130.20 336.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 190.41 336.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 227.28 336.00 Td (was ) Tj ET Q q 0 0 0 rg BT 247.49 336.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 287.13 336.00 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.13 336.00 Td ($45,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.63 336.00 Td ( ) Tj ET Q q 0 0 0 rg BT 337.29 336.00 Td (to ) Tj ET Q q 0 0 0 rg BT 349.73 336.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 373.83 336.00 Td (and ) Tj ET Q q 0 0 0 rg BT 392.93 336.00 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 440.64 336.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.74 336.00 Td ($464,31) Tj ET Q q 0 0 0 rg BT 491.87 336.00 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.87 336.00 Td ( ) Tj ET Q q 0 0 0 rg BT 501.53 336.00 Td (to ) Tj ET Q q 0 0 0 rg BT 513.97 336.00 Td (general ) Tj ET Q q 0 0 0 rg BT 548.06 336.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.00 Td (administrative ) Tj ET Q q 0 0 0 rg BT 108.78 324.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 143.05 324.00 Td (in ) Tj ET Q q 0 0 0 rg BT 152.90 324.00 Td (the ) Tj ET Q q 0 0 0 rg BT 167.19 324.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 213.84 324.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 266.45 324.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 306.84 324.00 Td (of ) Tj ET Q q 0 0 0 rg BT 317.24 324.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 360.96 324.00 Td (during ) Tj ET Q q 0 0 0 rg BT 389.14 324.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.42 324.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 422.71 324.00 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.16 324.00 Td ( ) Tj ET Q q 0 0 0 rg BT 454.23 324.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.17 324.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 540.01 324.00 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 324.00 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 300.00 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 80.84 300.00 Td (7. ) Tj ET Q q 0 0 0 rg BT 122.00 300.00 Td (LOSS ) Tj ET Q q 0 0 0 rg BT 150.07 300.00 Td (PER ) Tj ET Q q 0 0 0 rg BT 172.57 300.00 Td (COMMON ) Tj ET Q q 0 0 0 rg BT 223.95 300.00 Td (SHARE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.00 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.00 Td (Basic ) Tj ET Q q 0 0 0 rg BT 74.70 276.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 92.74 276.00 Td (per ) Tj ET Q q 0 0 0 rg BT 108.00 276.00 Td (common ) Tj ET Q q 0 0 0 rg BT 145.47 276.00 Td (share ) Tj ET Q q 0 0 0 rg BT 169.06 276.00 Td (is ) Tj ET Q q 0 0 0 rg BT 178.21 276.00 Td (computed ) Tj ET Q q 0 0 0 rg BT 220.12 276.00 Td (by ) Tj ET Q q 0 0 0 rg BT 232.61 276.00 Td (dividing ) Tj ET Q q 0 0 0 rg BT 268.43 276.00 Td (the ) Tj ET Q q 0 0 0 rg BT 283.13 276.00 Td (net ) Tj ET Q q 0 0 0 rg BT 297.82 276.00 Td (income ) Tj ET Q q 0 0 0 rg BT 329.74 276.00 Td (or ) Tj ET Q q 0 0 0 rg BT 340.55 276.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 358.60 276.00 Td (by ) Tj ET Q q 0 0 0 rg BT 371.08 276.00 Td (the ) Tj ET Q q 0 0 0 rg BT 385.78 276.00 Td (basic ) Tj ET Q q 0 0 0 rg BT 408.81 276.00 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 482.36 276.00 Td (number ) Tj ET Q q 0 0 0 rg BT 515.39 276.00 Td (of ) Tj ET Q q 0 0 0 rg BT 526.21 276.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 553.68 276.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.00 Td (common ) Tj ET Q q 0 0 0 rg BT 87.26 264.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 110.63 264.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 159.56 264.00 Td (during ) Tj ET Q q 0 0 0 rg BT 187.93 264.00 Td (each ) Tj ET Q q 0 0 0 rg BT 208.50 264.00 Td (period ) Tj ET Q q 0 0 0 rg BT 236.31 264.00 Td (presented. ) Tj ET Q q 0 0 0 rg BT 279.39 264.00 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 311.65 264.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 329.47 264.00 Td (per ) Tj ET Q q 0 0 0 rg BT 344.50 264.00 Td (common ) Tj ET Q q 0 0 0 rg BT 381.76 264.00 Td (share ) Tj ET Q q 0 0 0 rg BT 405.12 264.00 Td (is ) Tj ET Q q 0 0 0 rg BT 414.05 264.00 Td (computed ) Tj ET Q q 0 0 0 rg BT 455.75 264.00 Td (by ) Tj ET Q q 0 0 0 rg BT 468.01 264.00 Td (dividing ) Tj ET Q q 0 0 0 rg BT 503.61 264.00 Td (the ) Tj ET Q q 0 0 0 rg BT 518.09 264.00 Td (net ) Tj ET Q q 0 0 0 rg BT 532.57 264.00 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.00 Td (or ) Tj ET Q q 0 0 0 rg BT 61.57 252.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 80.37 252.00 Td (by ) Tj ET Q q 0 0 0 rg BT 93.61 252.00 Td (the ) Tj ET Q q 0 0 0 rg BT 109.07 252.00 Td (total ) Tj ET Q q 0 0 0 rg BT 130.08 252.00 Td (of ) Tj ET Q q 0 0 0 rg BT 141.65 252.00 Td (the ) Tj ET Q q 0 0 0 rg BT 157.11 252.00 Td (basic ) Tj ET Q q 0 0 0 rg BT 180.89 252.00 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 255.20 252.00 Td (number ) Tj ET Q q 0 0 0 rg BT 288.99 252.00 Td (of ) Tj ET Q q 0 0 0 rg BT 300.56 252.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 328.79 252.00 Td (of ) Tj ET Q q 0 0 0 rg BT 340.36 252.00 Td (common ) Tj ET Q q 0 0 0 rg BT 378.59 252.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 402.94 252.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 452.85 252.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 472.76 252.00 Td (the ) Tj ET Q q 0 0 0 rg BT 488.21 252.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 531.44 252.00 Td (dilutive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 90.54 240.00 Td (that ) Tj ET Q q 0 0 0 rg BT 108.31 240.00 Td (could ) Tj ET Q q 0 0 0 rg BT 133.30 240.00 Td (be ) Tj ET Q q 0 0 0 rg BT 145.51 240.00 Td (exercised ) Tj ET Q q 0 0 0 rg BT 186.04 240.00 Td (or ) Tj ET Q q 0 0 0 rg BT 197.15 240.00 Td (converted ) Tj ET Q q 0 0 0 rg BT 239.35 240.00 Td (into ) Tj ET Q q 0 0 0 rg BT 257.68 240.00 Td (common ) Tj ET Q q 0 0 0 rg BT 295.45 240.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 323.21 240.00 Td (during ) Tj ET Q q 0 0 0 rg BT 352.10 240.00 Td (each ) Tj ET Q q 0 0 0 rg BT 373.19 240.00 Td (period ) Tj ET Q q 0 0 0 rg BT 401.51 240.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 442.60 240.00 Td (less ) Tj ET Q q 0 0 0 rg BT 460.37 240.00 Td (the ) Tj ET Q q 0 0 0 rg BT 475.37 240.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 508.14 240.00 Td (of ) Tj ET Q q 0 0 0 rg BT 519.24 240.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 547.01 240.00 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.00 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 228.00 Td (be ) Tj ET Q q 0 0 0 rg BT 86.66 228.00 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 137.46 228.00 Td (using ) Tj ET Q q 0 0 0 rg BT 161.63 228.00 Td (the ) Tj ET Q q 0 0 0 rg BT 176.35 228.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 214.38 228.00 Td (from ) Tj ET Q q 0 0 0 rg BT 236.32 228.00 Td (the ) Tj ET Q q 0 0 0 rg BT 251.04 228.00 Td (exercises. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 177.50 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 177.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 177.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 177.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 177.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 177.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 177.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 177.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 147.50 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 147.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 147.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 147.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 147.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 147.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 147.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 147.50 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 202.5 m 354.5 202.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 202.5 m 358.5 202.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 202.5 m 423.5 202.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 202.5 m 492.5 202.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 202.5 m 496.5 202.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 202.5 m 561.5 202.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 177.5 m 354.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 177.5 m 423.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 177.5 m 492.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 177.5 m 561.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 177.5 m 354.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 177.5 m 423.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 177.5 m 492.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 177.5 m 561.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 147.5 m 354.5 147.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 147.5 m 423.5 147.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 147.5 m 492.5 147.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 147.5 m 561.5 147.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 147.5 m 354.5 147.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 133.5 m 354.5 133.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 131.5 m 354.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 147.5 m 423.5 147.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 133.5 m 423.5 133.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 131.5 m 423.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 147.5 m 492.5 147.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 133.5 m 492.5 133.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 131.5 m 492.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 147.5 m 561.5 147.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 133.5 m 561.5 133.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 131.5 m 561.5 131.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.75 207.17 Td (Three Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.70 207.17 Td (Nine Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.60 192.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 182.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.60 192.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 182.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.60 192.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 182.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.60 192.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 182.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 167.17 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 167.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.30 167.22 Td (\(1,332,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 167.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 167.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 167.22 Td (\(558,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 167.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 167.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 167.22 Td (\(5,025,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 167.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 167.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 167.22 Td (\(4,724,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 167.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 152.17 Td (W) Tj ET Q q 0 0 0 rg BT 61.04 152.17 Td (eighted average shares outstanding - basic and diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.60 152.17 Td (10,365,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 152.17 Td (5,702,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 152.17 Td (7,351,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 152.17 Td (5,659,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 137.17 Td (Basic and diluted loss per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 137.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.80 137.22 Td (\(0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 137.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 137.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 137.22 Td (\(0.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 137.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 137.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 137.22 Td (\(0.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 137.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 137.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 137.22 Td (\(0.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 137.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.00 109.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.33 109.00 Td (excluded ) Tj ET Q q 0 0 0 rg BT 147.88 109.00 Td (the ) Tj ET Q q 0 0 0 rg BT 162.54 109.00 Td (following ) Tj ET Q q 0 0 0 rg BT 203.88 109.00 Td (weighted ) Tj ET Q q 0 0 0 rg BT 242.99 109.00 Td (average ) Tj ET Q q 0 0 0 rg BT 276.52 109.00 Td (items ) Tj ET Q q 0 0 0 rg BT 300.64 109.00 Td (from ) Tj ET Q q 0 0 0 rg BT 322.53 109.00 Td (the ) Tj ET Q q 0 0 0 rg BT 337.19 109.00 Td (above ) Tj ET Q q 0 0 0 rg BT 363.52 109.00 Td (computation ) Tj ET Q q 0 0 0 rg BT 415.96 109.00 Td (of ) Tj ET Q q 0 0 0 rg BT 426.74 109.00 Td (diluted ) Tj ET Q q 0 0 0 rg BT 456.96 109.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 474.98 109.00 Td (per ) Tj ET Q q 0 0 0 rg BT 490.19 109.00 Td (common ) Tj ET Q q 0 0 0 rg BT 527.64 109.00 Td (share, ) Tj ET Q q 0 0 0 rg BT 553.69 109.00 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.00 Td (their ) Tj ET Q q 0 0 0 rg BT 70.83 97.00 Td (ef) Tj ET Q q 0 0 0 rg BT 78.41 97.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 95.90 97.00 Td (would ) Tj ET Q q 0 0 0 rg BT 123.40 97.00 Td (be ) Tj ET Q q 0 0 0 rg BT 135.34 97.00 Td (anti-dilutive: ) Tj ET Q q 0 0 0 rg BT 189.49 97.00 Td ( ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 708.50 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 708.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 708.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 708.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 708.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 708.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 708.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 708.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 708.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 678.50 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 678.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 678.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 678.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 678.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 678.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 678.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 678.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 678.50 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 733.5 m 354.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 733.5 m 358.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 733.5 m 423.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 733.5 m 492.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 733.5 m 496.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 733.5 m 561.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 708.5 m 354.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 708.5 m 423.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 708.5 m 492.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 708.5 m 561.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 708.5 m 423.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 708.5 m 492.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 708.5 m 561.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 678.5 m 492.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 678.5 m 561.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 678.5 m 354.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 664.5 m 354.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 662.5 m 354.5 662.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 678.5 m 423.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 664.5 m 423.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 662.5 m 423.5 662.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 664.5 m 492.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 662.5 m 492.5 662.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 664.5 m 561.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 662.5 m 561.5 662.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.75 738.17 Td (Three Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.70 738.17 Td (Nine Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.60 723.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 713.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.60 723.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 713.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.60 723.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 713.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.60 723.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 713.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 698.17 Td (Stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 698.17 Td (1,048,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 698.17 Td (993,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 698.17 Td (1,040,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 698.17 Td (979,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 683.17 Td (W) Tj ET Q q 0 0 0 rg BT 61.04 683.17 Td (arrants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 683.17 Td (480,658) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 683.17 Td (520,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 683.17 Td (503,413) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 683.17 Td (537,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 668.17 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 668.17 Td (otal excluded shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 668.17 Td (1,528,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 668.17 Td (1,513,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 668.17 Td (1,544,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 668.17 Td (1,516,814) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.00 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 80.84 640.00 Td (8. ) Tj ET Q q 0 0 0 rg BT 122.00 640.00 Td (REVENUE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.00 Td (Except ) Tj ET Q q 0 0 0 rg BT 81.67 616.00 Td (for ) Tj ET Q q 0 0 0 rg BT 97.23 616.00 Td (the ) Tj ET Q q 0 0 0 rg BT 113.35 616.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 149.46 616.00 Td (below) Tj ET Q q 0 0 0 rg BT 173.25 616.00 Td (, ) Tj ET Q q 0 0 0 rg BT 179.66 616.00 Td (the ) Tj ET Q q 0 0 0 rg BT 195.78 616.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 238.57 616.00 Td (has ) Tj ET Q q 0 0 0 rg BT 255.80 616.00 Td (consistently ) Tj ET Q q 0 0 0 rg BT 307.48 616.00 Td (applied ) Tj ET Q q 0 0 0 rg BT 340.82 616.00 Td (its ) Tj ET Q q 0 0 0 rg BT 354.17 616.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 401.95 616.00 Td (policies ) Tj ET Q q 0 0 0 rg BT 436.96 616.00 Td (to ) Tj ET Q q 0 0 0 rg BT 448.64 616.00 Td (all ) Tj ET Q q 0 0 0 rg BT 462.54 616.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 495.88 616.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 538.10 616.00 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 616.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 102.89 604.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.23 604.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 187.29 604.00 Td (On ) Tj ET Q q 0 0 0 rg BT 201.87 604.00 Td (January ) Tj ET Q q 0 0 0 rg BT 235.32 604.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 245.17 604.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 270.02 604.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.59 604.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 325.83 604.00 Td (adopted ) Tj ET Q q 0 0 0 rg BT 359.32 604.00 Td (ASC ) Tj ET Q q 0 0 0 rg BT 381.13 604.00 Td (606 ) Tj ET Q q 0 0 0 rg BT 398.48 604.00 Td (using ) Tj ET Q q 0 0 0 rg BT 422.50 604.00 Td (the ) Tj ET Q q 0 0 0 rg BT 437.07 604.00 Td (modified ) Tj ET Q q 0 0 0 rg BT 475.53 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(be ) Tj ET Q q 0 0 0 rg BT 494.14 592.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 540.28 592.00 Td (at ) Tj ET Q q 0 0 0 rg BT 549.79 592.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.00 Td (date ) Tj ET Q q 0 0 0 rg BT 69.10 580.00 Td (of ) Tj ET Q q 0 0 0 rg BT 79.87 580.00 Td (initial ) Tj ET Q q 0 0 0 rg BT 105.65 580.00 Td (adoption ) Tj ET Q q 0 0 0 rg BT 143.09 580.00 Td (on ) Tj ET Q q 0 0 0 rg BT 155.53 580.00 Td (January1, ) Tj ET Q q 0 0 0 rg BT 199.07 580.00 Td (2018. ) Tj ET Q q 0 0 0 rg BT 223.48 580.00 Td (As ) Tj ET Q q 0 0 0 rg BT 237.03 580.00 Td (a ) Tj ET Q q 0 0 0 rg BT 243.92 580.00 Td (result, ) Tj ET Q q 0 0 0 rg BT 271.08 580.00 Td (the ) Tj ET Q q 0 0 0 rg BT 285.74 580.00 Td (opening ) Tj ET Q q 0 0 0 rg BT 320.40 580.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 353.37 580.00 Td (of ) Tj ET Q q 0 0 0 rg BT 364.15 580.00 Td (retained ) Tj ET Q q 0 0 0 rg BT 398.79 580.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 435.11 580.00 Td (as ) Tj ET Q q 0 0 0 rg BT 445.89 580.00 Td (of ) Tj ET Q q 0 0 0 rg BT 456.66 580.00 Td (January ) Tj ET Q q 0 0 0 rg BT 490.21 580.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 500.15 580.00 Td (2018 ) Tj ET Q q 0 0 0 rg BT 522.59 580.00 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.00 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 568.00 Td ($98,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 568.00 Td ( ) Tj ET Q q 0 0 0 rg BT 97.50 568.00 Td (and ) Tj ET Q q 0 0 0 rg BT 114.44 568.00 Td (the ) Tj ET Q q 0 0 0 rg BT 129.16 568.00 Td (comparative ) Tj ET Q q 0 0 0 rg BT 181.07 568.00 Td (information ) Tj ET Q q 0 0 0 rg BT 230.79 568.00 Td (in ) Tj ET Q q 0 0 0 rg BT 241.06 568.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 263.00 568.00 Td (year ) Tj ET Q q 0 0 0 rg BT 282.71 568.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 314.65 568.00 Td (continues ) Tj ET Q q 0 0 0 rg BT 355.47 568.00 Td (to ) Tj ET Q q 0 0 0 rg BT 365.75 568.00 Td (be ) Tj ET Q q 0 0 0 rg BT 377.69 568.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 413.51 568.00 Td (under ) Tj ET Q q 0 0 0 rg BT 438.22 568.00 Td (ASC ) Tj ET Q q 0 0 0 rg BT 460.18 568.00 Td (605. ) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 153.3642578125 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Initial ) Tj ET Q q 0 0 0 rg BT 78.07 742.25 Td (Adoption ) Tj ET Q q 0 0 0 rg BT 120.58 742.25 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.44 730.25 Td (ef) Tj ET Q q 0 0 0 rg BT 76.03 730.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 97.80 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 108.47 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.58 730.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 168.68 730.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 222.11 730.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 255.54 730.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 278.98 730.25 Td (as ) Tj ET Q q 0 0 0 rg BT 290.20 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.43 730.25 Td (December ) Tj ET Q q 0 0 0 rg BT 345.40 730.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 360.80 730.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 386.19 730.25 Td (as ) Tj ET Q q 0 0 0 rg BT 397.41 730.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 433.63 730.25 Td (for ) Tj ET Q q 0 0 0 rg BT 448.18 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.29 730.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 501.18 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.77 730.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 534.11 730.25 Td (606 ) Tj ET Q q 0 0 0 rg BT 552.01 730.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (January ) Tj ET Q q 0 0 0 rg BT 83.60 718.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 93.60 718.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 118.60 718.25 Td (are ) Tj ET Q q 0 0 0 rg BT 133.31 718.25 Td (as ) Tj ET Q q 0 0 0 rg BT 144.14 718.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 683.75 332.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 683.75 60.00 -14.00 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471.15 632.32 Td (92,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 632.32 Td (3,739,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 618.32 Td (Prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 618.32 Td (389,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 618.32 Td (389,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 604.32 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 604.32 Td (9,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 604.32 Td (9,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 590.32 Td (T) Tj ET Q q 0 0 0 rg BT 94.76 590.32 Td (otal current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.60 590.32 Td (7,952,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 590.32 Td (92,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 590.32 Td (8,044,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.32 Td (Property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 566.32 Td 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50.50 588.75 332.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 588.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 588.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 588.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 560.75 332.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 560.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 560.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 560.75 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 672.75 m 382.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 672.75 m 442.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 672.75 m 502.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 672.75 m 562.5 672.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.85 687.42 Td (As Reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 677.42 Td (\(ASC 606\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.70 677.42 Td (Adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 697.42 Td (Previous) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.55 687.42 Td (GAAP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 677.42 Td (\(ASC 605\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 661.9833984375 m 112.697265625 661.9833984375 l s q 0 0 0 rg BT 53.00 663.32 Td (Balance Sheet:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 663.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 649.32 Td (Accounts receivable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 649.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.60 649.32 Td (6,81) Tj ET Q q 0 0 0 rg BT 416.10 649.32 Td (1,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 649.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 649.32 Td (156,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 649.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 649.32 Td (6,967,344) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.32 Td (Contract liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.60 635.32 Td (5,631,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.30 635.37 Td (\(5,631,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 635.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 635.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.32 Td (Unearned revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 621.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.60 621.32 Td (5,659,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 621.32 Td (5,659,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 607.32 Td (Accumulated deficit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 607.37 Td (\(52,401,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 607.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 607.32 Td (128,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.30 607.37 Td (\(52,273,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 607.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 577.9833984375 m 156.8671875 577.9833984375 l s q 0 0 0 rg BT 53.00 579.32 Td (Statements of Operations:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 565.32 Td (Revenue:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.32 Td (Three months ended September 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 551.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.60 551.32 Td (5,780,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 551.32 Td (16,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 551.32 Td (5,797,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 537.32 Td (Nine months ended September 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 537.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.60 537.32 Td (13,798,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 537.32 Td (29,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 537.32 Td (13,827,747) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.48 509.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 101.63 509.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 138.53 509.25 Td (above ) Tj ET Q q 0 0 0 rg BT 164.35 509.25 Td (were ) Tj ET Q q 0 0 0 rg BT 185.71 509.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 224.86 509.25 Td (due ) Tj ET Q q 0 0 0 rg BT 241.23 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 250.95 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.10 509.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 311.62 509.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 346.32 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.58 509.25 Td (its ) Tj ET Q q 0 0 0 rg BT 367.97 509.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 406.00 509.25 Td (services ) Tj ET Q q 0 0 0 rg BT 440.14 509.25 Td (related ) Tj ET Q q 0 0 0 rg BT 469.28 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.99 509.25 Td (influencer ) Tj ET Q q 0 0 0 rg BT 521.46 509.25 Td (marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 86.79 497.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 113.41 497.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 134.94 497.25 Td (605, ) Tj ET Q q 0 0 0 rg BT 154.53 497.25 Td (these ) Tj ET Q q 0 0 0 rg BT 177.16 497.25 Td (were ) Tj ET Q q 0 0 0 rg BT 198.67 497.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 244.62 497.25 Td (as ) Tj ET Q q 0 0 0 rg BT 255.03 497.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 289.87 497.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 327.49 497.25 Td (at ) Tj ET Q q 0 0 0 rg BT 336.79 497.25 Td (a ) Tj ET Q q 0 0 0 rg BT 343.32 497.25 Td (point ) Tj ET Q q 0 0 0 rg BT 365.96 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 375.82 497.25 Td (time ) Tj ET Q q 0 0 0 rg BT 395.68 497.25 Td (as ) Tj ET Q q 0 0 0 rg BT 406.09 497.25 Td (services ) Tj ET Q q 0 0 0 rg BT 440.38 497.25 Td (were ) Tj ET Q q 0 0 0 rg BT 461.90 497.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 501.18 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 511.04 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.34 497.25 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.78 485.25 Td (under ) Tj ET Q q 0 0 0 rg BT 91.38 485.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 113.17 485.25 Td (606, ) Tj ET Q q 0 0 0 rg BT 133.01 485.25 Td (these ) Tj ET Q q 0 0 0 rg BT 155.90 485.25 Td (are ) Tj ET Q q 0 0 0 rg BT 170.45 485.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 216.66 485.25 Td (as ) Tj ET Q q 0 0 0 rg BT 227.33 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 234.11 485.25 Td (single ) Tj ET Q q 0 0 0 rg BT 260.34 485.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 313.21 485.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 356.10 485.25 Td (over ) Tj ET Q q 0 0 0 rg BT 376.21 485.25 Td (time ) Tj ET Q q 0 0 0 rg BT 396.33 485.25 Td (based ) Tj ET Q q 0 0 0 rg BT 421.44 485.25 Td (on ) Tj ET Q q 0 0 0 rg BT 433.78 485.25 Td (an ) Tj ET Q q 0 0 0 rg BT 445.56 485.25 Td (input ) Tj ET Q q 0 0 0 rg BT 468.46 485.25 Td (model ) Tj ET Q q 0 0 0 rg BT 495.80 485.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 531.48 485.25 Td (cost-to-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.61 473.25 Td (methodology) Tj ET Q q 0 0 0 rg BT 120.73 473.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 447.68505859375 m 164.248046875 447.68505859375 l s q 0 0 0 rg BT 50.00 449.25 Td (Disaggr) Tj ET Q q 0 0 0 rg BT 83.15 449.25 Td (egation ) Tj ET Q q 0 0 0 rg BT 116.76 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.59 449.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td (The following table illustrates our revenue by product service type:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 396.75 312.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 396.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 396.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 368.75 312.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 368.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 368.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 340.75 312.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 340.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 340.75 100.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 396.75 m 462.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 396.75 m 562.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 396.75 m 462.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 396.75 m 562.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 326.75 m 462.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 313.75 m 462.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 311.75 m 462.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 326.75 m 562.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 313.75 m 562.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 311.75 m 562.5 311.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.75 416.42 Td (Three Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.70 416.42 Td (Nine Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.85 401.42 Td (September 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.85 401.42 Td (September 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 387.32 Td (Managed Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 387.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 387.32 Td (4,859,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 387.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 387.32 Td (12,660,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 373.32 Td (Marketplace Spend Fees, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 373.32 Td (378,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 373.32 Td (388,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 359.32 Td (License Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 359.32 Td (485,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 359.32 Td (538,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 345.32 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 84.83 345.32 Td (W) Tj ET Q q 0 0 0 rg BT 93.78 345.32 Td (orkflow) Tj ET Q q 0 0 0 rg BT 124.72 345.32 Td (, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 345.32 Td (48,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 345.32 Td (164,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 331.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 331.32 Td (8,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 331.32 Td (45,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 317.32 Td (T) Tj ET Q q 0 0 0 rg BT 70.41 317.32 Td (otal Revenue from Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 317.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 317.32 Td (5,780,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 317.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 317.32 Td (13,798,342) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 287.68505859375 m 128.5986328125 287.68505859375 l s q 0 0 0 rg BT 50.00 289.25 Td (Contract ) Tj ET Q q 0 0 0 rg BT 90.82 289.25 Td (Balances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.62 277.25 Td (following ) Tj ET Q q 0 0 0 rg BT 108.57 277.25 Td (table ) Tj ET Q q 0 0 0 rg BT 130.08 277.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 166.59 277.25 Td (information ) Tj ET Q q 0 0 0 rg BT 215.87 277.25 Td (about ) Tj ET Q q 0 0 0 rg BT 240.16 277.25 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 289.70 277.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 323.97 277.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.37 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.88 277.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 400.15 277.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 439.44 277.25 Td (from ) Tj ET Q q 0 0 0 rg BT 460.95 277.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 499.11 277.25 Td (with ) Tj ET Q q 0 0 0 rg BT 518.96 277.25 Td (customers.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 242.75 376.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 242.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 242.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 242.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 242.75 m 426.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 242.75 m 491.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 242.75 m 495.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 242.75 m 560.5 242.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.60 257.32 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 247.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.95 257.32 Td (January 1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 247.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 233.32 Td (Accounts receivable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 233.32 Td (6,81) Tj ET Q q 0 0 0 rg BT 465.15 233.32 Td (1,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 233.32 Td (3,739,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 219.32 Td (Contract liabilities \(unearned revenue\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 219.32 Td (5,631,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 219.32 Td (3,261,729) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (Contract ) Tj ET Q q 0 0 0 rg BT 86.96 191.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 134.46 191.25 Td (are ) Tj ET Q q 0 0 0 rg BT 149.20 191.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 195.59 191.25 Td (when ) Tj ET Q q 0 0 0 rg BT 219.78 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.53 191.25 Td (receipt ) Tj ET Q q 0 0 0 rg BT 264.26 191.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.12 191.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 331.52 191.25 Td (is ) Tj ET Q q 0 0 0 rg BT 340.72 191.25 Td (unconditional. ) Tj ET Q q 0 0 0 rg BT 400.55 191.25 Td (The ) Tj ET Q q 0 0 0 rg BT 418.63 191.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 453.91 191.25 Td (in ) Tj ET Q q 0 0 0 rg BT 464.22 191.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 498.95 191.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 546.45 191.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.32 179.25 Td (due ) Tj ET Q q 0 0 0 rg BT 105.86 179.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.74 179.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 143.96 179.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.39 179.25 Td (billings, ) Tj ET Q q 0 0 0 rg BT 189.00 179.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 228.86 179.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 262.61 179.25 Td (during ) Tj ET Q q 0 0 0 rg BT 290.83 179.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.15 179.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 335.30 179.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.84 179.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.16 179.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 401.04 179.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.32 179.25 Td (T) Tj ET Q q 0 0 0 rg BT 416.73 179.25 Td (apInfluence ) Tj ET Q q 0 0 0 rg BT 466.03 179.25 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 505.47 179.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 179.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.25 Td (did ) Tj ET Q q 0 0 0 rg BT 64.12 167.25 Td (not ) Tj ET Q q 0 0 0 rg BT 78.24 167.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 118.45 167.25 Td (any ) Tj ET Q q 0 0 0 rg BT 134.23 167.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 167.77 167.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 192.45 167.25 Td (as ) Tj ET Q q 0 0 0 rg BT 202.12 167.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.79 167.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 270.90 167.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.90 167.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.24 167.25 Td (or ) Tj ET Q q 0 0 0 rg BT 301.91 167.25 Td (January ) Tj ET Q q 0 0 0 rg BT 334.36 167.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 343.20 167.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 367.04 167.25 Td (Contract ) Tj ET Q q 0 0 0 rg BT 402.82 167.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 441.38 167.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 464.92 167.25 Td (to ) Tj ET Q q 0 0 0 rg BT 474.04 167.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 508.14 167.25 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (received ) Tj ET Q q 0 0 0 rg BT 85.65 155.25 Td (from ) Tj ET Q q 0 0 0 rg BT 106.87 155.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 149.20 155.25 Td (under ) Tj ET Q q 0 0 0 rg BT 173.75 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.75 155.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 211.75 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.87 155.25 Td (our ) Tj ET Q q 0 0 0 rg BT 236.98 155.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 277.36 155.25 Td (which ) Tj ET Q q 0 0 0 rg BT 303.58 155.25 Td (will ) Tj ET Q q 0 0 0 rg BT 320.92 155.25 Td (be ) Tj ET Q q 0 0 0 rg BT 332.14 155.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 360.57 155.25 Td (in ) Tj ET Q q 0 0 0 rg BT 370.13 155.25 Td (future ) Tj ET Q q 0 0 0 rg BT 395.79 155.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 429.39 155.25 Td (The ) Tj ET Q q 0 0 0 rg BT 446.72 155.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 481.25 155.25 Td (in ) Tj ET Q q 0 0 0 rg BT 490.82 155.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 524.80 155.25 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 143.25 Td (due ) Tj ET Q q 0 0 0 rg BT 76.11 143.25 Td (to ) Tj ET Q q 0 0 0 rg BT 86.39 143.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 128.88 143.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 156.37 143.25 Td (received ) Tj ET Q q 0 0 0 rg BT 192.73 143.25 Td (during ) Tj ET Q q 0 0 0 rg BT 221.34 143.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.05 143.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 266.87 143.25 Td (that ) Tj ET Q q 0 0 0 rg BT 284.37 143.25 Td (are ) Tj ET Q q 0 0 0 rg BT 299.07 143.25 Td (billed ) Tj ET Q q 0 0 0 rg BT 324.35 143.25 Td (in ) Tj ET Q q 0 0 0 rg BT 334.62 143.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 369.88 143.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.82 143.25 Td (fulfilled ) Tj ET Q q 0 0 0 rg BT 421.53 143.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 467.92 143.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.63 143.25 Td (year) Tj ET Q q 0 0 0 rg BT 499.29 143.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (During ) Tj ET Q q 0 0 0 rg BT 81.88 119.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.65 119.25 Td (three ) Tj ET Q q 0 0 0 rg BT 121.19 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.19 119.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 159.96 119.25 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.40 119.25 Td ( ) Tj ET Q q 0 0 0 rg BT 192.96 119.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.39 119.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 281.71 119.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.71 119.25 Td (, ) Tj ET Q q 0 0 0 rg BT 307.76 119.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.53 119.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 365.97 119.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 413.39 119.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 448.59 119.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.47 119.25 Td ($93,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.97 119.25 Td ( ) Tj ET Q q 0 0 0 rg BT 496.52 119.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.52 119.25 Td ($2,106,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 119.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (respectively ) Tj ET Q q 0 0 0 rg BT 100.81 107.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 133.85 107.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.13 107.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 180.52 107.25 Td (that ) Tj ET Q q 0 0 0 rg BT 198.01 107.25 Td (were ) Tj ET Q q 0 0 0 rg BT 219.94 107.25 Td (included ) Tj ET Q q 0 0 0 rg BT 256.88 107.25 Td (as ) Tj ET Q q 0 0 0 rg BT 267.71 107.25 Td (a ) Tj ET Q q 0 0 0 rg BT 274.64 107.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 309.35 107.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 342.95 107.25 Td (at ) Tj ET Q q 0 0 0 rg BT 352.67 107.25 Td (January ) Tj ET Q q 0 0 0 rg BT 386.27 107.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 396.27 107.25 Td (2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.25 Td (As ) Tj ET Q q 0 0 0 rg BT 64.15 83.25 Td (a ) Tj ET Q q 0 0 0 rg BT 71.63 83.25 Td (practical ) Tj ET Q q 0 0 0 rg BT 109.09 83.25 Td (expedient, ) Tj ET Q q 0 0 0 rg BT 153.50 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.75 83.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.68 83.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 249.81 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.07 83.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 288.11 83.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.48 83.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 321.95 83.25 Td (commissions ) Tj ET Q q 0 0 0 rg BT 377.22 83.25 Td (that ) Tj ET Q q 0 0 0 rg BT 395.25 83.25 Td (are ) Tj ET Q q 0 0 0 rg BT 410.50 83.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 430.75 83.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.57 83.25 Td (its ) Tj ET Q q 0 0 0 rg BT 454.06 83.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 476.54 83.25 Td (force ) Tj ET Q q 0 0 0 rg BT 500.11 83.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.24 83.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 90.27 71.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 128.87 71.25 Td (less ) Tj ET Q q 0 0 0 rg BT 146.37 71.25 Td (than ) Tj ET Q q 0 0 0 rg BT 166.08 71.25 Td (one ) Tj ET Q q 0 0 0 rg BT 183.02 71.25 Td (year ) Tj ET Q q 0 0 0 rg BT 202.73 71.25 Td (in ) Tj ET Q q 0 0 0 rg BT 213.01 71.25 Td (length ) Tj ET Q q 0 0 0 rg BT 240.50 71.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.78 71.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.50 71.25 Td (period ) Tj ET Q q 0 0 0 rg BT 293.54 71.25 Td (incurred.) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 772.75 Td (IZEA) Tj ET Q q 0 0 0 rg BT 282.45 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.77 772.75 Td (W) Tj ET Q q 0 0 0 rg BT 294.22 772.75 Td (orldwide, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.55 760.75 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 206.650390625 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Remaining ) Tj ET Q q 0 0 0 rg BT 99.17 742.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 157.19 742.25 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.21 730.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.75 730.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 147.40 730.25 Td (enters ) Tj ET Q q 0 0 0 rg BT 173.94 730.25 Td (into ) Tj ET Q q 0 0 0 rg BT 192.15 730.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 230.90 730.25 Td (that ) Tj ET Q q 0 0 0 rg BT 248.56 730.25 Td (are ) Tj ET Q q 0 0 0 rg BT 263.42 730.25 Td (one ) Tj ET Q q 0 0 0 rg BT 280.52 730.25 Td (year ) Tj ET Q q 0 0 0 rg BT 300.39 730.25 Td (or ) Tj ET Q q 0 0 0 rg BT 311.37 730.25 Td (less ) Tj ET Q q 0 0 0 rg BT 329.03 730.25 Td (in ) Tj ET Q q 0 0 0 rg BT 339.47 730.25 Td (length. ) Tj ET Q q 0 0 0 rg BT 369.04 730.25 Td (As ) Tj ET Q q 0 0 0 rg BT 382.81 730.25 Td (such, ) Tj ET Q q 0 0 0 rg BT 406.30 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.17 730.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 464.37 730.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 517.56 730.25 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.55 718.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 119.64 718.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.64 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 141.98 718.25 Td (are ) Tj ET Q q 0 0 0 rg BT 156.51 718.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 180.50 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 190.61 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.16 718.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 239.69 718.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 279.24 718.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 318.79 718.25 Td (above. ) Tj ET Q q 0 0 0 rg BT 347.33 718.25 Td (The ) Tj ET Q q 0 0 0 rg BT 365.21 718.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 406.43 718.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 438.74 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 448.85 718.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 490.05 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.59 718.25 Td (full ) Tj ET Q q 0 0 0 rg BT 520.81 718.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 553.68 718.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 706.25 Td (unearned ) Tj ET Q q 0 0 0 rg BT 103.86 706.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 138.01 706.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.72 706.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 207.99 706.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.99 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 230.49 706.25 Td (within ) Tj ET Q q 0 0 0 rg BT 258.54 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.26 706.25 Td (next ) Tj ET Q q 0 0 0 rg BT 292.98 706.25 Td (year) Tj ET Q q 0 0 0 rg BT 309.63 706.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 80.84 682.25 Td (9. ) Tj ET Q q 0 0 0 rg BT 122.00 682.25 Td (BUSINESS ) Tj ET Q q 0 0 0 rg BT 172.86 682.25 Td (SEGMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 72.39 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 82.55 658.25 Td (its ) Tj ET Q q 0 0 0 rg BT 94.38 658.25 Td (mer) Tj ET Q q 0 0 0 rg BT 109.75 658.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 124.90 658.25 Td (with ) Tj ET Q q 0 0 0 rg BT 144.89 658.25 Td (T) Tj ET Q q 0 0 0 rg BT 150.30 658.25 Td (apInfluence, ) Tj ET Q q 0 0 0 rg BT 202.38 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.98 658.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.26 658.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 296.73 658.25 Td (its ) Tj ET Q q 0 0 0 rg BT 308.57 658.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 352.61 658.25 Td (as ) Tj ET Q q 0 0 0 rg BT 363.32 658.25 Td (one ) Tj ET Q q 0 0 0 rg BT 380.15 658.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 415.86 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 429.90 658.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 468.94 658.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 506.88 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 523.70 658.25 Td (evaluated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.62 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.02 646.25 Td (made ) Tj ET Q q 0 0 0 rg BT 136.64 646.25 Td (business ) Tj ET Q q 0 0 0 rg BT 173.50 646.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 213.68 646.25 Td (based ) Tj ET Q q 0 0 0 rg BT 239.41 646.25 Td (on ) Tj ET Q q 0 0 0 rg BT 252.37 646.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 305.88 646.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 337.45 646.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 346.71 646.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 376.88 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 387.62 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 402.80 646.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 434.08 646.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 460.92 646.25 Td (September ) Tj ET Q q 0 0 0 rg BT 506.65 646.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 522.11 646.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 547.57 646.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 90.09 634.25 Td (as ) Tj ET Q q 0 0 0 rg BT 101.31 634.25 Td (a ) Tj ET Q q 0 0 0 rg BT 108.63 634.25 Td (result ) Tj ET Q q 0 0 0 rg BT 133.73 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.94 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.04 634.25 Td (mer) Tj ET Q q 0 0 0 rg BT 175.40 634.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 191.06 634.25 Td (with ) Tj ET Q q 0 0 0 rg BT 211.51 634.25 Td (T) Tj ET Q q 0 0 0 rg BT 216.92 634.25 Td (apInfluence, ) Tj ET Q q 0 0 0 rg BT 269.49 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.59 634.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 326.36 634.25 Td (has ) Tj ET Q q 0 0 0 rg BT 342.57 634.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 395.45 634.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 436.64 634.25 Td (its ) Tj ET Q q 0 0 0 rg BT 448.97 634.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 493.51 634.25 Td (related ) Tj ET Q q 0 0 0 rg BT 523.60 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.26 634.25 Td (license ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 68.94 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 86.23 622.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 137.93 622.25 Td (spend ) Tj ET Q q 0 0 0 rg BT 164.10 622.25 Td (fees. ) Tj ET Q q 0 0 0 rg BT 184.92 622.25 Td (As ) Tj ET Q q 0 0 0 rg BT 198.87 622.25 Td (a ) Tj ET Q q 0 0 0 rg BT 206.16 622.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 233.72 622.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 275.45 622.25 Td (management ) Tj ET Q q 0 0 0 rg BT 329.38 622.25 Td (is ) Tj ET Q q 0 0 0 rg BT 338.90 622.25 Td (now ) Tj ET Q q 0 0 0 rg BT 358.96 622.25 Td (actively ) Tj ET Q q 0 0 0 rg BT 393.46 622.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 437.95 622.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 482.45 622.25 Td (under ) Tj ET Q q 0 0 0 rg BT 508.06 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 622.25 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (two ) Tj ET Q q 0 0 0 rg BT 67.50 610.25 Td (reportable ) Tj ET Q q 0 0 0 rg BT 110.53 610.25 Td (business ) Tj ET Q q 0 0 0 rg BT 146.92 610.25 Td (segments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 586.25 Td (Managed ) Tj ET Q q 0 0 0 rg BT 126.02 586.25 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.33 586.25 Td (, ) Tj ET Q q 0 0 0 rg BT 164.08 586.25 Td (which ) Tj ET Q q 0 0 0 rg BT 190.77 586.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 226.34 586.25 Td (services ) Tj ET Q q 0 0 0 rg BT 260.79 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.82 586.25 Td (marketers ) Tj ET Q q 0 0 0 rg BT 312.49 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.52 586.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 355.31 586.25 Td (custom ) Tj ET Q q 0 0 0 rg BT 386.44 586.25 Td (content, ) Tj ET Q q 0 0 0 rg BT 420.63 586.25 Td (influencer ) Tj ET Q q 0 0 0 rg BT 463.41 586.25 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 508.69 586.25 Td (amplification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.25 Td (or ) Tj ET Q q 0 0 0 rg BT 95.68 574.25 Td (other ) Tj ET Q q 0 0 0 rg BT 117.57 574.25 Td (consulting ) Tj ET Q q 0 0 0 rg BT 160.58 574.25 Td (services ) Tj ET Q q 0 0 0 rg BT 194.14 574.25 Td (using ) Tj ET Q q 0 0 0 rg BT 217.15 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.72 574.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 276.64 574.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 308.53 574.25 Td (resources, ) Tj ET Q q 0 0 0 rg BT 350.14 574.25 Td (its ) Tj ET Q q 0 0 0 rg BT 360.93 574.25 Td (network ) Tj ET Q q 0 0 0 rg BT 395.05 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.72 574.25 Td (creators ) Tj ET Q q 0 0 0 rg BT 437.72 574.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 464.61 574.25 Td (its ) Tj ET Q q 0 0 0 rg BT 475.40 574.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 521.18 574.25 Td (platforms.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 550.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 550.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 109.46 550.25 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.77 550.25 Td (, ) Tj ET Q q 0 0 0 rg BT 148.73 550.25 Td (which ) Tj ET Q q 0 0 0 rg BT 176.62 550.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 213.40 550.25 Td (services ) Tj ET Q q 0 0 0 rg BT 249.07 550.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 291.38 550.25 Td (by ) Tj ET Q q 0 0 0 rg BT 304.84 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.51 550.25 Td (self-service ) Tj ET Q q 0 0 0 rg BT 370.05 550.25 Td (use ) Tj ET Q q 0 0 0 rg BT 386.84 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 398.63 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.30 550.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 462.33 550.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 510.22 550.25 Td (platforms ) Tj ET Q q 0 0 0 rg BT 552.01 550.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.25 Td (marketers ) Tj ET Q q 0 0 0 rg BT 127.53 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 137.42 538.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 170.63 538.25 Td (their ) Tj ET Q q 0 0 0 rg BT 191.06 538.25 Td (own ) Tj ET Q q 0 0 0 rg BT 210.40 538.25 Td (influencer ) Tj ET Q q 0 0 0 rg BT 253.04 538.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 295.69 538.25 Td (campaigns, ) Tj ET Q q 0 0 0 rg BT 343.07 538.25 Td (as ) Tj ET Q q 0 0 0 rg BT 353.51 538.25 Td (well ) Tj ET Q q 0 0 0 rg BT 372.84 538.25 Td (as ) Tj ET Q q 0 0 0 rg BT 383.28 538.25 Td (license ) Tj ET Q q 0 0 0 rg BT 413.15 538.25 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 468.04 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.93 538.25 Td (access ) Tj ET Q q 0 0 0 rg BT 505.58 538.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 519.91 538.25 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.45 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 547.56 538.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 526.25 Td (T) Tj ET Q q 0 0 0 rg BT 90.64 526.25 Td (apInfluence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.35 526.25 Td (platforms. ) Tj ET Q q 0 0 0 rg BT 183.67 526.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 206.17 526.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 242.55 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 257.25 526.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 300.85 526.25 Td (with ) Tj ET Q q 0 0 0 rg BT 321.13 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.84 526.25 Td (following ) Tj ET Q q 0 0 0 rg BT 377.23 526.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 411.38 526.25 Td (types:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 3.54 0 0 10.09 104.00 512.09 cm /I15 Do Q q 0 0 0 rg BT 107.54 514.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 514.25 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 174.47 514.25 Td (Spend ) Tj ET Q q 0 0 0 rg BT 201.97 514.25 Td (Fees) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 3.54 0 0 10.09 104.00 500.09 cm /I16 Do Q q 0 0 0 rg BT 107.54 502.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 502.25 Td (License ) Tj ET Q q 0 0 0 rg BT 155.59 502.25 Td (Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (The ) Tj ET Q q 0 0 0 rg BT 69.26 478.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 117.54 478.25 Td (reportable ) Tj ET Q q 0 0 0 rg BT 161.78 478.25 Td (segments ) Tj ET Q q 0 0 0 rg BT 202.71 478.25 Td (are ) Tj ET Q q 0 0 0 rg BT 218.63 478.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 256.21 478.25 Td (business ) Tj ET Q q 0 0 0 rg BT 293.81 478.25 Td (units ) Tj ET Q q 0 0 0 rg BT 316.96 478.25 Td (that ) Tj ET Q q 0 0 0 rg BT 335.67 478.25 Td (may ) Tj ET Q q 0 0 0 rg BT 356.59 478.25 Td (of) Tj ET Q q 0 0 0 rg BT 364.74 478.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 379.55 478.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 411.03 478.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 449.45 478.25 Td (but ) Tj ET Q q 0 0 0 rg BT 465.93 478.25 Td (under ) Tj ET Q q 0 0 0 rg BT 492.41 478.25 Td (dif) Tj ET Q q 0 0 0 rg BT 503.34 478.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 530.36 478.25 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 97.98 466.25 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 138.84 466.25 Td (They ) Tj ET Q q 0 0 0 rg BT 161.83 466.25 Td (are ) Tj ET Q q 0 0 0 rg BT 176.48 466.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 215.01 466.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 257.99 466.25 Td (because ) Tj ET Q q 0 0 0 rg BT 292.07 466.25 Td (each ) Tj ET Q q 0 0 0 rg BT 312.83 466.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 348.60 466.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 383.25 466.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 426.23 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.11 466.25 Td (oversight ) Tj ET Q q 0 0 0 rg BT 482.77 466.25 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 525.47 466.25 Td (however) Tj ET Q q 0 0 0 rg BT 559.50 466.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.98 454.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 112.33 454.25 Td (chief ) Tj ET Q q 0 0 0 rg BT 135.08 454.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 175.62 454.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 211.71 454.25 Td (maker ) Tj ET Q q 0 0 0 rg BT 239.46 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 253.89 454.25 Td (each ) Tj ET Q q 0 0 0 rg BT 274.97 454.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 311.07 454.25 Td (is ) Tj ET Q q 0 0 0 rg BT 320.50 454.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 359.36 454.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 403.78 454.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 448.21 454.25 Td (on ) Tj ET Q q 0 0 0 rg BT 460.97 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.96 454.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 498.72 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.82 454.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 544.24 454.25 Td (only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 442.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 116.93 442.25 Td (does ) Tj ET Q q 0 0 0 rg BT 137.76 442.25 Td (not ) Tj ET Q q 0 0 0 rg BT 153.04 442.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 191.64 442.25 Td (allocate ) Tj ET Q q 0 0 0 rg BT 225.22 442.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 258.82 442.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 277.43 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 288.26 442.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 324.90 442.25 Td (other ) Tj ET Q q 0 0 0 rg BT 347.95 442.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 388.21 442.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 413.21 442.25 Td (or ) Tj ET Q q 0 0 0 rg BT 424.04 442.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.87 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.15 442.25 Td (each ) Tj ET Q q 0 0 0 rg BT 480.97 442.25 Td (segment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.77 418.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 113.86 418.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 147.18 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.73 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.17 418.25 Td (segments ) Tj ET Q q 0 0 0 rg BT 211.60 418.25 Td (are ) Tj ET Q q 0 0 0 rg BT 226.03 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.46 418.25 Td (same ) Tj ET Q q 0 0 0 rg BT 263.23 418.25 Td (as ) Tj ET Q q 0 0 0 rg BT 273.78 418.25 Td (those ) Tj ET Q q 0 0 0 rg BT 297.11 418.25 Td (described ) Tj ET Q q 0 0 0 rg BT 337.64 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 347.64 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.08 418.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 401.51 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.06 418.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 456.49 418.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 502.58 418.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 535.91 418.25 Td (except ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.90 406.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.70 406.25 Td (management ) Tj ET Q q 0 0 0 rg BT 163.69 406.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 203.80 406.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 257.23 406.25 Td (based ) Tj ET Q q 0 0 0 rg BT 282.91 406.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 323.03 406.25 Td (on ) Tj ET Q q 0 0 0 rg BT 335.94 406.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 359.96 406.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 394.51 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.86 406.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 435.88 406.25 Td (mar) Tj ET Q q 0 0 0 rg BT 451.25 406.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 466.93 406.25 Td (for ) Tj ET Q q 0 0 0 rg BT 481.50 406.25 Td (all ) Tj ET Q q 0 0 0 rg BT 494.40 406.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 528.96 406.25 Td (streams, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (including ) Tj ET Q q 0 0 0 rg BT 90.27 394.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 124.42 394.25 Td (externally ) Tj ET Q q 0 0 0 rg BT 166.90 394.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 202.71 394.25 Td (on ) Tj ET Q q 0 0 0 rg BT 215.21 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 222.15 394.25 Td (net ) Tj ET Q q 0 0 0 rg BT 236.87 394.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 259.37 394.25 Td (for ) Tj ET Q q 0 0 0 rg BT 273.53 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.25 394.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 335.33 394.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 357.83 394.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 394.20 394.25 Td (segment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.65 370.25 Td (following ) Tj ET Q q 0 0 0 rg BT 110.65 370.25 Td (table ) Tj ET Q q 0 0 0 rg BT 133.19 370.25 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 175.18 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.51 370.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 238.19 370.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 274.62 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.05 370.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 320.81 370.25 Td (for ) Tj ET Q q 0 0 0 rg BT 335.58 370.25 Td (each ) Tj ET Q q 0 0 0 rg BT 357.00 370.25 Td (reportable ) Tj ET Q q 0 0 0 rg BT 400.64 370.25 Td (segment, ) Tj ET Q q 0 0 0 rg BT 439.57 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.12 370.25 Td (other) Tj ET Q q 0 0 0 rg BT 477.11 370.25 Td (. ) Tj ET Q q 0 0 0 rg BT 482.50 370.25 Td (The ) Tj ET Q q 0 0 0 rg BT 501.15 370.25 Td (chief ) Tj ET Q q 0 0 0 rg BT 524.25 370.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 85.19 358.25 Td (maker ) Tj ET Q q 0 0 0 rg BT 112.03 358.25 Td (for ) Tj ET Q q 0 0 0 rg BT 125.55 358.25 Td (each ) Tj ET Q q 0 0 0 rg BT 145.73 358.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 180.91 358.25 Td (is ) Tj ET Q q 0 0 0 rg BT 189.44 358.25 Td (not ) Tj ET Q q 0 0 0 rg BT 204.08 358.25 Td (provided, ) Tj ET Q q 0 0 0 rg BT 243.99 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.29 358.25 Td (does ) Tj ET Q q 0 0 0 rg BT 280.48 358.25 Td (not ) Tj ET Q q 0 0 0 rg BT 295.12 358.25 Td (review) Tj ET Q q 0 0 0 rg BT 321.67 358.25 Td (, ) Tj ET Q q 0 0 0 rg BT 326.04 358.25 Td (other ) Tj ET Q q 0 0 0 rg BT 348.44 358.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 387.51 358.25 Td (related ) Tj ET Q q 0 0 0 rg BT 416.57 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 426.21 358.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 450.29 358.25 Td (or ) Tj ET Q q 0 0 0 rg BT 460.48 358.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 487.76 358.25 Td (All ) Tj ET Q q 0 0 0 rg BT 502.40 358.25 Td (other ) Tj ET Q q 0 0 0 rg BT 524.80 358.25 Td (measures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 346.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 102.22 346.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 126.93 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.87 346.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 169.70 346.25 Td (are ) Tj ET Q q 0 0 0 rg BT 184.41 346.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 223.55 346.25 Td (on ) Tj ET Q q 0 0 0 rg BT 236.05 346.25 Td (a ) Tj ET Q q 0 0 0 rg BT 242.99 346.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 296.04 346.25 Td (basis.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 268.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 268.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 268.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 268.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 268.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 268.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 238.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 238.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 238.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 238.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 238.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 238.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 238.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 208.75 200.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 208.75 5.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 208.75 75.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 208.75 75.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 208.75 5.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 208.75 75.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 208.75 75.00 -20.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 268.75 m 330.5 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 268.75 m 405.5 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 268.75 m 485.5 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 268.75 m 560.5 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 208.75 m 330.5 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 189.75 m 330.5 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 187.75 m 330.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 208.75 m 405.5 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 189.75 m 405.5 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 187.75 m 405.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 208.75 m 485.5 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 189.75 m 485.5 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 187.75 m 485.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 208.75 m 560.5 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 189.75 m 560.5 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 187.75 m 560.5 187.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.80 313.42 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 313.42 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.75 298.42 Td (Three Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.70 298.42 Td (Nine Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.60 283.42 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 273.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 283.42 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 273.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.60 283.42 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.50 273.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.60 283.42 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 273.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 257.0833984375 m 87.9853515625 257.0833984375 l s q 0 0 0 rg BT 53.00 258.42 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 243.42 Td (Managed Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 243.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.65 243.42 Td (4,859,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 243.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 243.42 Td (6,997,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 243.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 243.42 Td (12,660,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 243.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.65 243.42 Td (17,274,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 228.42 Td (SaaS Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.15 228.42 Td (864,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 228.42 Td (31,033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 228.42 Td (926,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 228.42 Td (1) Tj ET Q q 0 0 0 rg BT 529.15 228.42 Td (10,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 213.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 213.42 Td (57,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 213.42 Td (61,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 213.42 Td (210,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 213.42 Td (252,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 193.42 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 114.09 193.42 Td (T) Tj ET Q q 0 0 0 rg BT 119.50 193.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 193.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.65 193.42 Td (5,780,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 193.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 193.42 Td (7,089,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 193.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 193.42 Td (13,798,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 193.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.65 193.42 Td (17,637,264) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 165.25 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 80.84 165.25 Td (10. ) Tj ET Q q 0 0 0 rg BT 122.00 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Such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.85 Td (statements are based on currently available operating, financial and competitive information, and are subject to inherent risks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.85 Td (uncertainties and changes in circumstances that are dif) Tj ET Q q 0 0 0 rg BT 267.78 568.85 Td (ficult to predict and many of which are outside of our control. Future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.85 Td (events and our actual results and financial condition may dif) Tj ET Q q 0 0 0 rg BT 291.13 556.85 Td (fer materially from those reflected in these forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.85 Td (statements. ) Tj ET Q q 0 0 0 rg BT 97.03 544.85 Td (Therefore, you should not rely on any of these forward-looking statements. 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) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 232.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 232.85 Td (our ability to protect our intellectual property; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 220.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 220.85 Td (the potential liability with respect to actions taken by our existing and past employees; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 208.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 208.85 Td (risks associated with international sales; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 196.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 196.85 Td (and the other risks and uncertainties described in the Risk Factors and in Management) Tj ET Q q 0 0 0 rg BT 469.41 196.85 Td (s Discussion and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 184.85 Td (Analysis of Financial Condition and Results of Operations sections of this Quarterly Report and our ) Tj ET Q q 0 0 0 rg BT 523.88 184.85 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 172.85 Td (Report on Form 10-K for the year ended December 31, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 148.85 Td (All forward-looking statements in this document are based on our current expectations, intentions and beliefs using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.85 Td (information currently available to us as of the date of this Quarterly Report, and we assume no obligation to update any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.85 Td (forward-looking statements, except as required by law) Tj ET Q q 0 0 0 rg BT 266.78 124.85 Td (.Forward-looking statements involve known and unknown risks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.85 Td (uncertainties and other factors that may cause the actual results to dif) Tj ET Q q 0 0 0 rg BT 326.10 112.85 Td (fer materially from any future results, performance or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.85 Td (achievements expressed or implied by such forward-looking statements.) Tj ET Q endstream endobj 63 0 obj <>] /Rotate 0 /Contents 64 0 R>> endobj 64 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 94.17 742.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (IZEA) Tj ET Q q 0 0 0 rg BT 108.22 718.25 Td ( creates and operates online marketplaces that connect marketers with content creators. Our technology brings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (the marketers and creators together) Tj ET Q q 0 0 0 rg BT 190.09 706.25 Td (, enabling their transactions to be completed at scale through the management of custom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (content workflow) Tj ET Q q 0 0 0 rg BT 120.17 694.25 Td (, creator search and tar) Tj ET Q q 0 0 0 rg BT 210.76 694.25 Td (geting, bidding, analytics and payment processing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 670.25 Td (e help power the creator economy) Tj ET Q q 0 0 0 rg BT 229.76 670.25 Td (, allowing everyone from college students and stay-at-home individuals to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (celebrities and accredited journalists the opportunity to monetize their content, creativity and influence through our marketers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (These creators are compensated by IZEA) Tj ET Q q 0 0 0 rg BT 214.65 646.25 Td ( for producing unique content such as long and short form text, videos, photos, status ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (updates, and illustrations for marketers or distributing such content on behalf of marketers through their personal websites, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (blogs, and social media channels. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 598.25 Td (Marketers, including brands, agencies, and publishers, engage us to gain access to our industry expertise, technology) Tj ET Q q 0 0 0 rg BT 552.45 598.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (analytics, and network of creators. ) Tj ET Q q 0 0 0 rg BT 190.04 586.25 Td (The majority of the marketers engage us to perform these services on their behalf, but they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (also have the ability to use our marketplaces on a self-service basis. Our technology is used for two primary purposes: the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (engagement of creators for influencer marketing campaigns \(also known as Influencer Marketing or Sponsored Social\), or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (the engagement of creators to create stand-alone custom content for the marketers' own use and distribution \(Custom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (Content\). Marketers receive influential consumer content and engaging, shareable stories that drive awareness. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 514.25 Td (Our primary technology platforms, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 228.47 514.25 Td (The IZEA) Tj ET Q q 0 0 0 rg BT 266.89 514.25 Td ( Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.32 514.25 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 319.09 514.25 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.63 514.25 Td (\) and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 371.84 514.25 Td (T) Tj ET Q q 0 0 0 rg BT 376.48 514.25 Td (apInfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.69 514.25 Td (, enable transactions to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (completed at scale through the management of custom content workflow) Tj ET Q q 0 0 0 rg BT 340.65 502.25 Td (, creator search and tar) Tj ET Q q 0 0 0 rg BT 431.25 502.25 Td (geting, bidding, analytics, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (payment processing. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.70 490.25 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.25 490.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 179.69 490.25 Td (T) Tj ET Q q 0 0 0 rg BT 184.33 490.25 Td (apInfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.53 490.25 Td ( are designed to provide a unified ecosystem that enables the creation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (publication of multiple types of custom content through a creator's personal websites, blogs, or social media channels including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 466.25 Td (witter) Tj ET Q q 0 0 0 rg BT 78.33 466.25 Td (, Facebook, Instagram, and ) Tj ET Q q 0 0 0 rg BT 188.76 466.25 Td (Y) Tj ET Q q 0 0 0 rg BT 194.99 466.25 Td (ouT) Tj ET Q q 0 0 0 rg BT 210.74 466.25 Td (ube, among others. In addition to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.72 466.25 Td (IZEAx ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.76 466.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 390.70 466.25 Td (T) Tj ET Q q 0 0 0 rg BT 395.35 466.25 Td (apInfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.55 466.25 Td (, we operate the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 508.35 466.25 Td (Ebyline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.89 466.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (technology platform, which we acquired in January 2015 and the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 312.42 454.25 Td (ZenContent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.09 454.25 Td ( platform, which we acquired in July 2016. ) Tj ET Q q 0 0 0 rg BT 533.31 454.25 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (Ebyline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.54 442.25 Td ( platform was originally designed as a self-service content marketplace to replace editorial newsrooms located in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (news agencies with a virtual newsroom of creators to produce their content needs. ) Tj ET Q q 0 0 0 rg BT 389.14 430.25 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 407.19 430.25 Td (ZenContent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.85 430.25 Td ( platform is an in-house ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (workflow tool that enables us to produce highly scalable, multi-part production of content for both e-commerce entities, as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (as brand customers. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Key Components of Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 358.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 358.25 Td (ith the addition of ) Tj ET Q q 0 0 0 rg BT 168.73 358.25 Td (T) Tj ET Q q 0 0 0 rg BT 174.14 358.25 Td (apInfluence in July 2018 and its Marketplace Spend Fees revenue, we now measure revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (associated with our business under two reportable business segments; Managed Services and SaaS Services. Overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (consolidated results of operations are evaluated based on Cost of Revenue, Sales and Marketing expenses, General and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (Administrative expenses, Depreciation and ) Tj ET Q q 0 0 0 rg BT 224.12 322.25 Td (Amortization, and Other Income \(Expense\), net. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 274.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 274.25 Td (e derive our revenue from providing content services or managing advertising campaigns for our customers, as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (as from making our platforms available to allow customers the ability to purchase content directly from our creators. ) Tj ET Q q 0 0 0 rg BT 518.84 262.25 Td (W) Tj ET Q q 0 0 0 rg BT 527.48 262.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (categorize our revenue by four primary revenue streams: revenue from our managed services when a marketer \(typically a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (brand, agency or partner\) pays us to provide custom content, influencer marketing, amplification or other consulting services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (\(Managed Services\), revenue from fees char) Tj ET Q q 0 0 0 rg BT 235.83 226.25 Td (ged to self-service customers on their marketplace spend within the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (platforms \(Marketplace Spend Fees\), revenue derived from fees char) Tj ET Q q 0 0 0 rg BT 333.86 214.25 Td (ged to access the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.83 214.25 Td (IZEAx, Ebyline,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.42 214.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 486.86 214.25 Td (T) Tj ET Q q 0 0 0 rg BT 491.50 214.25 Td (apInfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.70 214.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (technology platforms \(License Fees\), and revenue from other fees such as inactivity) Tj ET Q q 0 0 0 rg BT 393.67 202.25 Td (, af) Tj ET Q q 0 0 0 rg BT 406.25 202.25 Td (filiate, and plan fees char) Tj ET Q q 0 0 0 rg BT 506.86 202.25 Td (ged to users ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (of the Company's platforms \("Other"\). ) Tj ET Q q 0 0 0 rg BT 205.49 190.25 Td (As discussed in more detail within Critical ) Tj ET Q q 0 0 0 rg BT 382.41 190.25 Td (Accounting Policies and Use of Estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (in this section and in Note 1. Company and Summary of Significant ) Tj ET Q q 0 0 0 rg BT 328.02 178.25 Td (Accounting Policies, under Item 1 of this Quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Report, revenue from our Managed Services and License Fees revenue are reported on a gross basis and revenue from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (Marketplace Spend is reported on a net basis.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 129.75 Td (Cost of Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.75 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 105.75 Td (Our cost of revenue consists primarily of direct costs paid to our third-party creators who provide the custom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.75 Td (content, influencer marketing or amplification services for our Managed Service customers where we report revenue on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.75 Td (gross basis. Personnel costs included in cost of services include salaries, bonuses, commissions, stock-based compensation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.75 Td (employee benefit costs, and miscellaneous departmental costs related to the personnel who are primarily responsible for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.75 Td (providing support to our customers and ultimately fulfillment of our obligations under our contracts with customers. ) Tj ET Q q 0 0 0 rg BT 517.24 57.75 Td (W) Tj ET Q q 0 0 0 rg BT 525.87 57.75 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.75 Td (capitalize costs that were incurred with software that is developed or acquired for our revenue supporting platforms and ) Tj ET Q endstream endobj 65 0 obj <>] /Rotate 0 /Contents 66 0 R>> endobj 66 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (amortize these costs over the estimated useful lives of those platforms. ) Tj ET Q q 0 0 0 rg BT 334.74 742.10 Td (This amortization is separately stated under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (depreciation and amortization. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 705.55 Td (Sales and Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.57 705.55 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 693.55 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 681.55 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 681.55 Td (Our sales and marketing expenses consist primarily of salaries, bonuses, commissions, stock-based compensation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 669.55 Td (employee benefit costs, travel and miscellaneous departmental costs for our sales and sales support personnel, as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 657.55 Td (marketing expenses such as brand marketing, public relation events, trade shows and marketing materials, and travel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 645.55 Td (expenses. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 621.00 Td (General and ) Tj ET Q q 0 0 0 rg BT 103.52 621.00 Td (Administrative) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.08 621.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 609.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 597.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 597.00 Td (Our general and administrative expense consists primarily of salaries, bonuses, commissions, stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 585.00 Td (compensation, employee benefit costs, and miscellaneous departmental costs related to our executive, finance, legal, human ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 573.00 Td (resources, and other administrative personnel. It also includes travel, public company and investor relations expenses, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 561.00 Td (well as accounting and legal professional services fees, leasehold facilities costs, and other corporate-related expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 549.00 Td (General and administrative expense also includes our technology and development costs consisting primarily of our payroll ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 537.00 Td (costs for our internal engineers and contractors responsible for developing, maintaining and improving our technology) Tj ET Q q 0 0 0 rg BT 522.84 537.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 525.00 Td (along with hosting and software subscription costs. ) Tj ET Q q 0 0 0 rg BT 257.02 525.00 Td (These costs are expensed as incurred, except to the extent that they are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 513.00 Td (associated with internal use software that qualifies for capitalization, which are then recorded as software development costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 501.00 Td (in the consolidated balance sheet. ) Tj ET Q q 0 0 0 rg BT 186.44 501.00 Td (W) Tj ET Q q 0 0 0 rg BT 195.07 501.00 Td (e also capitalize costs that are related to our acquired intangible assets. Depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 489.00 Td (and amortization related to these costs are separately stated under depreciation and amortization. General and administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.00 Td (expense also includes costs related to our acquisitions and fluctuations in our estimates on contingent earnout payments and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.00 Td (compensation allocations related to these acquisitions. ) Tj ET Q q 0 0 0 rg BT 269.48 465.00 Td (T) Tj ET Q q 0 0 0 rg BT 274.89 465.00 Td (o the extent that our contingent earnout estimates change, there will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.00 Td (be fluctuations in the amount expensed each period.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 429.00 Td (Depreciation and ) Tj ET Q q 0 0 0 rg BT 123.52 429.00 Td (Amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 405.00 Td (Depreciation and amortization consists primarily of amortization on our internal use software and acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.00 Td (intangible assets from our business acquisitions. ) Tj ET Q q 0 0 0 rg BT 245.07 393.00 Td (T) Tj ET Q q 0 0 0 rg BT 250.48 393.00 Td (o a lesser extent, we also have depreciation and amortization on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.00 Td (equipment and leasehold improvements used by our personnel. Costs are amortized or depreciated over the estimated useful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.00 Td (lives of those assets. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 345.00 Td (Other Income \(Expense\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 320.50 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 320.50 Td (Inter) Tj ET Q q 0 0 0 rg BT 105.07 320.50 Td (est Expense. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.99 320.50 Td (Interest expense is mainly related to the imputed interest on our acquisition costs payable and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.50 Td (interest when we use our line of credit facility) Tj ET Q q 0 0 0 rg BT 233.17 308.50 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 295.95 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 283.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 283.40 Td (Change in Fair V) Tj ET Q q 0 0 0 rg BT 155.17 283.40 Td (alue of Restricted Stock and Derivatives, net. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.17 283.40 Td (On occasion, we enter into financing transactions that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.40 Td (give rise to derivative liabilities. ) Tj ET Q q 0 0 0 rg BT 181.08 271.40 Td (Additionally) Tj ET Q q 0 0 0 rg BT 230.98 271.40 Td (, we issue restricted stock to non-employees that vests over future periods. ) Tj ET Q q 0 0 0 rg BT 530.72 271.40 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.40 Td (financial instruments are carried at fair value in our financial statements. Changes in the fair value of such financial instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.40 Td (are required to be recorded in other income \(expense\) in the period of change. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 223.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 223.40 Td (Other Income \(Expense\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.73 223.40 Td (Other income consists of interest income for interest earned on our cash and cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.40 Td (equivalent balances, the value of cryptocurrency received from our IZEA) Tj ET Q q 0 0 0 rg BT 342.65 211.40 Td ( cryptocurrency mining operations which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.40 Td (commenced in January 2018, and foreign currency exchange gains and losses on foreign currency transactions, primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.40 Td (related to the Canadian Dollar) Tj ET Q q 0 0 0 rg BT 169.96 187.40 Td (.) Tj ET Q endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 83.11 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.94 742.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 144.22 742.25 Td (for) Tj ET Q q 0 0 0 rg BT 156.81 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 159.31 742.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.96 742.25 Td (Thr) Tj ET Q q 0 0 0 rg BT 191.45 742.25 Td (ee ) Tj ET Q q 0 0 0 rg BT 202.83 742.25 Td (Months ) Tj ET Q q 0 0 0 rg BT 238.11 742.25 Td (Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.90 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.40 742.25 Td (September) Tj ET Q q 0 0 0 rg BT 314.32 742.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 331.82 742.25 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.82 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 354.32 742.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.94 742.25 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.94 742.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 718.25 Td (The following table sets forth a summary of our consolidated statements of operations and the percentage of change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.25 Td (between the periods:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 626.75 251.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 626.75 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 626.75 4.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 626.75 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 626.75 4.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 626.75 60.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 626.75 4.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 626.75 60.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 603.75 251.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 603.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 603.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 603.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 603.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 574.75 251.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 574.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 574.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 574.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 574.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 574.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 574.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 574.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 546.75 251.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 546.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 546.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 546.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 546.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 546.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 546.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 546.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 518.75 251.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 518.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 518.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 518.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 518.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 518.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 518.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 518.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 490.75 251.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 490.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 490.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 490.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 490.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 490.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 490.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 490.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 462.75 251.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 462.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 462.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 462.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 462.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 462.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 462.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 462.75 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 655.75 m 366 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 655.75 m 370 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 655.75 m 435 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 655.75 m 499 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 655.75 m 503 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 655.75 m 563 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 640.75 m 301 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 640.75 m 366 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 640.75 m 370 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 655.75 m 435 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 640.75 m 435 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 640.75 m 439 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 640.75 m 499 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 640.75 m 503 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 640.75 m 563 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 640.75 m 366 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 640.75 m 370 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 640.75 m 435 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 546.75 m 301 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 546.75 m 366 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 546.75 m 370 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 546.75 m 435 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 546.75 m 439 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 546.75 m 499 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 546.75 m 503 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 546.75 m 563 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 532.75 m 301 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 532.75 m 366 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 532.75 m 370 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 532.75 m 435 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 532.75 m 439 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 532.75 m 499 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 532.75 m 503 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 532.75 m 563 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 462.75 m 301 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 462.75 m 366 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 462.75 m 370 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 462.75 m 435 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 462.75 m 439 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 462.75 m 499 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 462.75 m 503 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 462.75 m 563 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 448.75 m 301 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 448.75 m 366 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 448.75 m 370 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 448.75 m 435 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 448.75 m 439 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 448.75 m 499 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 448.75 m 503 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 448.75 m 563 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 434.75 m 301 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 432.75 m 301 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 434.75 m 366 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 432.75 m 366 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 434.75 m 370 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 432.75 m 370 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 434.75 m 435 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 432.75 m 435 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 434.75 m 439 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 432.75 m 439 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 434.75 m 499 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 432.75 m 499 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 434.75 m 503 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 432.75 m 503 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 434.75 m 563 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 432.75 m 563 432.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 685.42 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.25 670.42 Td (Three Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 660.42 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 645.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 645.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.45 645.42 Td ($ Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.80 645.42 Td (% Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 631.32 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 631.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 631.32 Td (5,780,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.50 631.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 631.32 Td (7,089,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 631.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 631.37 Td (\(1,308,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 631.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.45 631.32 Td (\(18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 631.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 608.32 Td (Costs and expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 593.42 Td (Cost of revenue \(exclusive of amortization\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 593.42 Td (2,397,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 593.42 Td (3,302,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 593.47 Td (\(905,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 593.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.45 593.42 Td (\(27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 593.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 579.32 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 579.32 Td (1,574,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 579.32 Td (1,733,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 579.37 Td (\(158,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 579.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.45 579.32 Td (\(9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 579.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 565.32 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 565.32 Td (2,699,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 565.32 Td (2,312,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 565.32 Td (387,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 565.32 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 565.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 551.32 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 551.32 Td (370,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 551.32 Td (374,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 551.37 Td (\(4,291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 551.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.45 551.32 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 551.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 537.32 Td (T) Tj ET Q q 0 0 0 rg BT 94.26 537.32 Td (otal costs and expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 537.32 Td (7,042,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 537.32 Td (7,723,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 537.37 Td (\(680,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 537.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.45 537.32 Td (\(9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 537.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 523.32 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.80 523.37 Td (\(1,261,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 523.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 523.37 Td (\(633,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 523.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 523.37 Td (\(628,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 523.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 523.32 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 523.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 509.32 Td (Other income \(expense\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 509.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.50 509.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 495.32 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.30 495.37 Td (\(90,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 495.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 495.37 Td (\(15,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 495.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 495.37 Td (\(75,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 495.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.80 495.32 Td (501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 495.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 481.32 Td (Change in fair value of derivatives, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 481.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 481.32 Td (45,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 481.37 Td (\(45,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 481.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.45 481.32 Td (\(100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 481.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 467.32 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 467.32 Td (19,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 467.32 Td (44,308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 467.37 Td (\(25,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 467.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.45 467.32 Td (\(57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 467.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 453.32 Td (T) Tj ET Q q 0 0 0 rg BT 93.91 453.32 Td (otal other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.30 453.37 Td (\(71,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 453.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 453.32 Td (74,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 453.37 Td (\(145,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 453.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.45 453.32 Td (\(196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 453.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 438.42 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 438.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.80 438.47 Td (\(1,332,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 438.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.50 438.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 438.47 Td (\(558,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 438.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 438.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 438.47 Td (\(774,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 438.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.80 438.42 Td (139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 438.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 410.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 386.25 Td (The following table illustrates our revenue by type, the percentage of total revenue by type, and the percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.25 Td (change between the periods:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 333.75 205.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 333.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 333.75 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 333.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 333.75 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 333.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 333.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 305.75 205.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 305.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 305.75 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 305.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 305.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 305.75 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 305.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 305.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 305.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 277.75 205.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 277.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 277.75 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 277.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 277.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 277.75 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 277.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 277.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 277.75 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 348.75 m 315 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 348.75 m 350 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 348.75 m 354 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 348.75 m 414 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 348.75 m 449 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 348.75 m 513 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 348.75 m 563 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 333.75 m 315 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 333.75 m 350 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 333.75 m 414 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 333.75 m 449 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 333.75 m 513 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 333.75 m 563 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 333.75 m 315 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 333.75 m 350 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 333.75 m 414 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 333.75 m 449 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 263.75 m 350 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 263.75 m 449 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 263.75 m 315 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 250.75 m 315 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 248.75 m 315 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 263.75 m 350 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 250.75 m 350 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 248.75 m 350 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 263.75 m 414 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 250.75 m 414 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 248.75 m 414 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 263.75 m 449 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 250.75 m 449 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 248.75 m 449 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 263.75 m 513 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 250.75 m 513 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 248.75 m 513 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 263.75 m 563 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 250.75 m 563 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 248.75 m 563 248.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.25 353.42 Td (Three Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.85 338.42 Td (September 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.85 338.42 Td (September 30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.45 338.42 Td ($ Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.80 338.42 Td (% Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 324.32 Td (Managed Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.50 324.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.10 324.32 Td (4,859,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.10 324.32 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 324.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.50 324.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.10 324.32 Td (6,997,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.10 324.32 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 324.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 324.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 324.37 Td (\(2,137,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 324.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.45 324.32 Td (\(31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 324.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 310.32 Td (Marketplace Spend Fees, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.65 310.32 Td (378,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 310.32 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 310.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 310.32 Td (21,680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.10 310.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 310.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 310.32 Td (357,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.25 310.32 Td (1,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 310.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 296.32 Td (License Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.65 296.32 Td (485,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 296.32 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 296.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 296.32 Td (9,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.10 296.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 296.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 296.32 Td (476,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.25 296.32 Td (5,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 296.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 282.32 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 84.33 282.32 Td (W) Tj ET Q q 0 0 0 rg BT 93.28 282.32 Td (orkflow) Tj ET Q q 0 0 0 rg BT 124.22 282.32 Td (, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 282.32 Td (48,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 282.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 282.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 282.32 Td (55,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 282.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 282.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.30 282.37 Td (\(6,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 282.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.45 282.32 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 282.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 268.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.65 268.32 Td (8,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.10 268.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 268.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 268.32 Td (6,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.10 268.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 268.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 268.32 Td (2,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.75 268.32 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 268.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 254.32 Td (T) Tj ET Q q 0 0 0 rg BT 69.91 254.32 Td (otal Revenue by type) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.50 254.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.10 254.32 Td (5,780,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.10 254.32 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 254.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.50 254.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.10 254.32 Td (7,089,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.10 254.32 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 254.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 254.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 254.37 Td (\(1,308,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 254.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.45 254.32 Td (\(18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 254.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 226.25 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 226.25 Td (otal revenue for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.43 226.25 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.36 226.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.24 226.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 226.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 226.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.42 226.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.42 226.25 Td ($1,308,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.42 226.25 Td (, or approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.50 226.25 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.83 226.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.25 Td (compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.79 214.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.79 214.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 190.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 190.25 Td (e have invested the majority of our time and resources in our Managed Services, which generates the majority of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (revenue. Our acquisitions of Ebyline and ZenContent allowed us to expand our product of) Tj ET Q q 0 0 0 rg BT 409.78 178.25 Td (ferings to provide custom content in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (addition to and in combination with our influencer marketing campaigns. Our mer) Tj ET Q q 0 0 0 rg BT 378.12 166.25 Td (ger with ) Tj ET Q q 0 0 0 rg BT 413.49 166.25 Td (T) Tj ET Q q 0 0 0 rg BT 418.90 166.25 Td (apInfluence allows us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td (immediately increase our market share of the marketplace spend and licensed SaaS revenue business, and enables us to scale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (more quickly in this space. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 118.25 Td (Managed Services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.58 118.25 Td (revenue declined due to lower annual commitments from some of our lar) Tj ET Q q 0 0 0 rg BT 453.25 118.25 Td (ger customers for their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (2018 advertising spends, along with a decrease in the number of smaller customers running short-term campaigns. ) Tj ET Q q 0 0 0 rg BT 508.83 106.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 558.73 106.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (the revenue reported in 2017 is being reported pursuant to the previous GAAP) Tj ET Q q 0 0 0 rg BT 362.39 94.25 Td ( reporting standards under ) Tj ET Q q 0 0 0 rg BT 469.03 94.25 Td (ASC 605 while the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.25 Td (revenue reported in 2018 is being reported pursuant to ) Tj ET Q q 0 0 0 rg BT 268.61 82.25 Td (ASC 606. ) Tj ET Q q 0 0 0 rg BT 310.38 82.25 Td (W) Tj ET Q q 0 0 0 rg BT 319.02 82.25 Td (e adopted the new standards under the modified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.25 Td (retrospective approach whereby we were not required to recalculate the revenue at each prior year reporting period. Changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.25 Td (between the standards results in timing dif) Tj ET Q q 0 0 0 rg BT 218.73 58.25 Td (ferences on how revenue is recognized. ) Tj ET Q q 0 0 0 rg BT 378.38 58.25 Td (As discussed in Note 8 under Item 1 of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.25 Td (Quarterly Report, the change in GAAP) Tj ET Q q 0 0 0 rg BT 205.20 46.25 Td ( reporting standards resulted in an increase in revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 46.25 Td ($16,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 46.25 Td ( between the periods. ) Tj ET Q endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 730.10 Td (Marketplace Spend Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.35 730.10 Td ( revenue results primarily from marketers and partners using the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.71 730.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.25 730.10 Td (, and beginning in July ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (2018, the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 89.22 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 93.86 718.10 Td (apInfluence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.56 718.10 Td (platforms on a self-service basis to create and distribute content for marketing and sponsored social ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (advertising campaigns. ) Tj ET Q q 0 0 0 rg BT 144.02 706.10 Td (This also includes revenue from creation and distribution of content related to newspaper and traditional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (publishers who utilize the Company's ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 202.12 694.10 Td (Ebyline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.66 694.10 Td ( platform \("Legacy ) Tj ET Q q 0 0 0 rg BT 311.25 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 319.89 694.10 Td (orkflow"\), to produce and process their content needs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (Revenue from Marketplace Spend Fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.72 682.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.48 682.10 Td ( by $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.48 682.10 Td (357,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.98 682.10 Td (, or approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.07 682.10 Td (1,647%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.90 682.10 Td (, in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.89 682.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.83 682.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.76 670.10 Td ( compared to the same period in 2017, primarily as a result of the Company's mer) Tj ET Q q 0 0 0 rg BT 455.75 670.10 Td (ger with ) Tj ET Q q 0 0 0 rg BT 491.11 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 496.52 670.10 Td (apInfluence in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (July 2018, which acquired business accounted for approximately $363,764 of the consolidated Marketplace Spend Fees revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (for period. Revenue from Marketplace Spend Fees represents our net mar) Tj ET Q q 0 0 0 rg BT 343.38 646.10 Td (gins received on this business, which averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 634.10 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.09 634.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.53 634.10 Td (37%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.86 634.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.23 634.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.17 634.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.04 634.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.31 634.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.75 634.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.75 634.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 450.41 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 455.23 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 463.87 634.10 Td (e expect to see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (continued increases in total Marketplace Spend Fees revenue and improved mar) Tj ET Q q 0 0 0 rg BT 369.21 622.10 Td (gins due to the addition of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 491.13 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 495.77 622.10 Td (apInfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.98 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (platform as well as continued or) Tj ET Q q 0 0 0 rg BT 177.89 610.10 Td (ganic growth related to the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 287.58 610.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.12 610.10 Td ( platform. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 586.10 Td (License Fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.92 586.10 Td (revenue is generated primarily through the granting of limited, non-exclusive, non-transferable licenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (to customers for the use of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 173.08 574.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.63 574.10 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 218.06 574.10 Td (T) Tj ET Q q 0 0 0 rg BT 222.71 574.10 Td (apIfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.91 574.10 Td ( technology platforms for an agreed-upon subscription period. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (license the platforms to manage their own sponsored social advertising campaigns. Fees for subscription or licensing services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (are recognized straight-line over the term of the service. License Fees revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.63 550.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.39 550.10 Td ( significantly during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.70 550.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.63 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.88 538.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.14 538.10 Td ( to $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.92 538.10 Td (485,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.42 538.10 Td (, primarily as a result of the business acquired in the mer) Tj ET Q q 0 0 0 rg BT 432.84 538.10 Td (ger with ) Tj ET Q q 0 0 0 rg BT 468.21 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 473.62 538.10 Td (apInfluence, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (compared to $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.70 526.10 Td (9,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.20 526.10 Td ( in the same period of the prior year) Tj ET Q q 0 0 0 rg BT 271.93 526.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 502.10 Td (Legacy W) Tj ET Q q 0 0 0 rg BT 124.29 502.10 Td (orkflow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.85 502.10 Td ( revenue represent transactions through the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 329.23 502.10 Td (Ebyline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.77 502.10 Td ( platform, which is declining year over year due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (the ongoing consolidation and cutbacks in the newspaper industry) Tj ET Q q 0 0 0 rg BT 312.68 490.10 Td (. Revenue from Legacy ) Tj ET Q q 0 0 0 rg BT 408.85 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 417.49 490.10 Td (orkflow transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.91 490.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.33 490.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td ($48,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 478.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.38 478.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.31 478.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.19 478.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.45 478.10 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 478.10 Td ($55,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.15 478.10 Td ( for same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.19 478.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.19 478.10 Td (. ) Tj ET Q q 0 0 0 rg BT 467.00 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 476.04 478.10 Td (ith the addition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 466.10 Td (apInfluence and its SaaS revenue model, the Company has shifted its focus away from content related to newspapers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (traditional publishers, and expects Legacy ) Tj ET Q q 0 0 0 rg BT 220.37 454.10 Td (W) Tj ET Q q 0 0 0 rg BT 229.01 454.10 Td (orkflow revenue to continue to decline going forward.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 430.10 Td (Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.33 430.10 Td (revenue consists of other fees generated from partners using the platforms, such as inactivity fees and af) Tj ET Q q 0 0 0 rg BT 527.39 430.10 Td (filiate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (fees, which did not have a significant ef) Tj ET Q q 0 0 0 rg BT 208.71 418.10 Td (fect on our operations for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.56 418.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.49 418.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.37 418.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.63 418.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.07 418.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.07 418.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 392.7669921875 m 157.0048828125 392.7669921875 l s q 0 0 0 rg BT 49.50 394.10 Td (Gross Billings by Segment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 370.10 Td (Company management evaluates its operations and makes strategic decisions based, in part, on gross billings from its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (two operating segments, Managed Services and SaaS Services. ) Tj ET Q q 0 0 0 rg BT 303.70 358.10 Td (W) Tj ET Q q 0 0 0 rg BT 312.34 358.10 Td (e define gross billings as the total dollar value of the amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (earned from our customers for the services we performed, or the amounts char) Tj ET Q q 0 0 0 rg BT 362.81 346.10 Td (ged to our customers for their self-service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (purchase of goods and services on our platforms. ) Tj ET Q q 0 0 0 rg BT 247.88 334.10 Td (This is the amount of our reported revenue plus the cost of payments we made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (to third-party creators providing the content or sponsorship services which are netted against revenue for GAAP) Tj ET Q q 0 0 0 rg BT 497.61 322.10 Td ( reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (purposes. Managed Services gross billings is the same as revenue being reported on a GAAP) Tj ET Q q 0 0 0 rg BT 420.99 310.10 Td ( basis as there is no requirement to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (net the revenue against costs of revenue. SaaS Services consists of gross billings generated by the self-service use of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (Company's technology platforms by marketers to manage their own content workflow and sponsored social campaigns, as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (as license subscriptions to access the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.90 274.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.45 274.10 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 243.89 274.10 Td (T) Tj ET Q q 0 0 0 rg BT 248.53 274.10 Td (apInfluence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.24 274.10 Td (platforms, which includes license fees and marketplace spend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (fees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 238.10 Td (Gross billings for Marketplace Spend Fees dif) Tj ET Q q 0 0 0 rg BT 269.73 238.10 Td (fers from revenue reported in our consolidated statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (operations, which is presented net of the amounts we pay to our third-party creators providing the content or sponsorship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (services. Gross billings for all other revenue equals the revenue reported in our consolidated statements of operations. ) Tj ET Q q 0 0 0 rg BT 522.79 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 531.42 214.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (consider this metric to be an important indicator of our performance as it measures the total dollar volume of transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (generated through our marketplaces. ) Tj ET Q q 0 0 0 rg BT 197.87 190.10 Td (T) Tj ET Q q 0 0 0 rg BT 203.63 190.10 Td (racking gross billings allows us to monitor the percentage of gross billings that we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (able to retain after payments to our creators. ) Tj ET Q q 0 0 0 rg BT 228.04 178.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 277.94 178.10 Td (, tracking gross billings is critical as it pertains to our credit risk and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (cash flow) Tj ET Q q 0 0 0 rg BT 87.45 166.10 Td (. ) Tj ET Q q 0 0 0 rg BT 92.27 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 100.91 166.10 Td (e invoice our customers based on our services performed or based on their self-service transactions plus our fee. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (Then we remit the agreed-upon transaction price to the creators. If we do not collect the money from our customers prior to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (the time of payment to our creators, we could experience lar) Tj ET Q q 0 0 0 rg BT 290.05 142.10 Td (ge swings in our cash flows. Finally) Tj ET Q q 0 0 0 rg BT 433.56 142.10 Td (, gross billings allows us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (evaluate our transaction totals on an equal basis in order for us to see our contribution mar) Tj ET Q q 0 0 0 rg BT 410.33 130.10 Td (gins by revenue type so that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (can better understand where we should be allocating our resources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 94.10 Td (Gross billings for our SaaS Services segment were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.46 94.10 Td ($3,677,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.46 94.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.84 94.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.77 94.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 94.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.91 94.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.91 94.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.25 82.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.58 82.10 Td ($3,608,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.58 82.10 Td ( compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.38 82.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.38 82.10 Td (. ) Tj ET Q q 0 0 0 rg BT 296.19 82.10 Td (The increase was primarily due to the addition of ) Tj ET Q q 0 0 0 rg BT 495.12 82.10 Td (T) Tj ET Q q 0 0 0 rg BT 500.53 82.10 Td (apInfluence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (in July 2018, accounting for approximately $3.5 million of billings during the third quarter of 2018. Our mer) Tj ET Q q 0 0 0 rg BT 484.24 70.10 Td (ger with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 58.10 Td (apInfluence is expected to have a continuing significant positive impact on our future gross billings in this segment as we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (build on the significant marketer base obtained as a result of the mer) Tj ET Q q 0 0 0 rg BT 323.12 46.10 Td (ger) Tj ET Q q 0 0 0 rg BT 335.49 46.10 Td (, of) Tj ET Q q 0 0 0 rg BT 348.64 46.10 Td (fset by the phasing out of our Legacy ) Tj ET Q q 0 0 0 rg BT 500.08 46.10 Td (W) Tj ET Q q 0 0 0 rg BT 508.72 46.10 Td (orkflow ) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (activity) Tj ET Q q 0 0 0 rg BT 78.84 742.10 Td (. Refer to the below section titled "Non-GAAP) Tj ET Q q 0 0 0 rg BT 265.85 742.10 Td ( Financial Measures" for a reconciliation of gross billings to a GAAP) Tj ET Q q 0 0 0 rg BT 542.56 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (measure.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 704.7669921875 m 104.7783203125 704.7669921875 l s q 0 0 0 rg BT 49.50 706.10 Td (Net Bookings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 682.10 Td (Net bookings is a measure of sales orders received minus any cancellations or adjustments in a given period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (Management uses net bookings as a leading indicator of future revenue recognition as revenue is typically recognized within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (90-120 days of booking, though lar) Tj ET Q q 0 0 0 rg BT 190.41 658.10 Td (ger contracts may be recognized over twelve months from the original booking date. Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (bookings can be af) Tj ET Q q 0 0 0 rg BT 124.57 646.10 Td (fected by) Tj ET Q q 0 0 0 rg BT 160.85 646.10 Td (, among other things, cancellations or changes to orders that occur in future periods. Reductions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (net bookings or changes in the expected timing of delivery for services due to delays and customer preferences or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (considerations may result in fluctuations in expected future revenue. Net bookings related to our Managed Services were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (approximately $4.7 million in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.15 610.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.08 610.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.96 610.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.22 610.10 Td ( compared to $6.7 million in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.31 610.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.24 610.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (September30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.76 598.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 574.10 Td (The decrease in net bookings is the result of a decreasing new opportunity pipeline \(defined as the measure of the total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (dollar amount of sales opportunities represented by proposals with potential customers\) in the first through third quarters of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (2017, which impacts bookings and revenue on a trailing basis. In addition to reduced overall pipeline activity) Tj ET Q q 0 0 0 rg BT 485.96 550.10 Td (, there was also a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (higher concentration of lar) Tj ET Q q 0 0 0 rg BT 155.66 538.10 Td (ger opportunities in the pipeline during this period, thereby increasing our reliance on a smaller ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (number of clients and campaigns. In the fourth quarter of 2017 through the second quarter of 2018, we saw a number of lar) Tj ET Q q 0 0 0 rg BT 541.95 526.10 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (clients reduce, shift, or eliminate their spending compared to prior years, which has significantly reduced our 2018 results. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (Y) Tj ET Q q 0 0 0 rg BT 55.72 502.10 Td (ear) Tj ET Q q 0 0 0 rg BT 67.73 502.10 Td (-over) Tj ET Q q 0 0 0 rg BT 88.63 502.10 Td (-year new opportunity pipeline growth began to return in the fourth quarter of 2017 and has continued in the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (through third quarters of 2018. ) Tj ET Q q 0 0 0 rg BT 174.85 490.10 Td (The Company has seen a positive ef) Tj ET Q q 0 0 0 rg BT 319.08 490.10 Td (fect from this pipeline growth, and increased bookings in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (third quarter of 2018 compared to the second quarter) Tj ET Q q 0 0 0 rg BT 260.13 478.10 Td (, with revenue recognition trailing bookings. ) Tj ET Q q 0 0 0 rg BT 440.47 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 449.11 478.10 Td (e anticipate lower year) Tj ET Q q 0 0 0 rg BT 539.69 478.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (over) Tj ET Q q 0 0 0 rg BT 67.07 466.10 Td (-year revenues from Managed Services when compared to prior years for the remainder of 2018, but increased revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (from Marketplace Spend Fees and License Fees and Other revenue due to additional SaaS customers licensing and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (utilization of our platforms for marketplace spending.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (Cost of Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 394.10 Td (Cost of revenue for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.19 394.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.13 394.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 394.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.27 394.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.77 394.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.18 394.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.18 394.10 Td ($905,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.68 394.10 Td (, or approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.77 394.10 Td (27%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 394.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.79 382.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.79 382.10 Td (.Cost of revenue as a percentage of revenue decreased from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 382.10 Td (47%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.33 382.10 Td ( in 2017 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.89 382.10 Td (41%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.22 382.10 Td ( in 2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (Our cost of revenue consists primarily of direct costs paid to our third-party creators who provide custom content and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (advertising and our internal personnel costs for the personnel who are primarily responsible for fulfillment of our obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (under our contracts for Managed Services. Overall increase in cost of revenue was primarily driven by the addition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (Marketplace Spend Fee activity acquired through the Company's mer) Tj ET Q q 0 0 0 rg BT 326.59 334.10 Td (ger with ) Tj ET Q q 0 0 0 rg BT 361.96 334.10 Td (T) Tj ET Q q 0 0 0 rg BT 367.37 334.10 Td (apInfluence in July 2018. Our direct costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (related to third-party creators are variable with the revenue they generate. ) Tj ET Q q 0 0 0 rg BT 345.84 322.10 Td (The direct costs decreased to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.84 322.10 Td (39%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.17 322.10 Td ( of revenues for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (Managed Services during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.91 310.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.84 310.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.72 310.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.98 310.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.69 310.10 Td (99%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.02 310.10 Td ( for the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.76 310.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.76 310.10 Td (. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (internal fulfillment costs are mostly fixed and do not track directly to the revenue that is produced during the period. ) Tj ET Q q 0 0 0 rg BT 516.87 298.10 Td (As a result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (as Managed Services revenue fell, our internal fulfillment costs increased to 12% of revenues for Managed Services during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.43 274.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.31 274.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.57 274.10 Td ( compared to 9% for the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.36 274.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.36 274.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (Sales and Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 226.10 Td (Sales and marketing expenses for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.56 226.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.50 226.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.38 226.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.64 226.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.14 226.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.55 226.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.55 226.10 Td ($158,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.05 226.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 214.10 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.09 214.10 Td (, compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.38 214.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.38 214.10 Td (.) Tj ET Q q 0 0 0 rg BT 281.20 214.10 Td (The number of our sales, marketing and support personnel and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (contractors declined by 8% compared to the prior year period, which along with the decrease in variable compensation linked ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (with sales performance, contributed to a reduction of approximately $248,000 in sales and marketing payroll and personnel-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (related expenses. Marketing costs increased by approximately $29,000 during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.29 178.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.23 178.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.10 178.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.37 178.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.79 166.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.79 166.10 Td (, due to our State of the Creator Economy survey which was produced and distributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (during 2018 as an update to our latest report produced at the end of 2016. ) Tj ET Q q 0 0 0 rg BT 345.35 154.10 Td (This survey provides key insight and sales resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (for our internal team and customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (General and ) Tj ET Q q 0 0 0 rg BT 103.02 118.10 Td (Administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 94.10 Td (General and administrative expense for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.88 94.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.81 94.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.69 94.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.95 94.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.45 94.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.20 94.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.20 94.10 Td ($387,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.70 94.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 82.10 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.09 82.10 Td ( compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.88 82.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.88 82.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.70 82.10 Td (The increase was primarily attributable to an accrual for estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (legal expenses of $500,000 of) Tj ET Q q 0 0 0 rg BT 169.01 70.10 Td (fset by overall reduction in operating costs and change in our acquisition cost liability estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (related to the ZenContent acquisition in July 2016. ) Tj ET Q endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 742.10 Td (On July 31, 2016, we purchased all of the outstanding shares of capital stock of ZenContent, Inc. for aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (consideration up to $4,500,000, consisting of guaranteed payments of $2,000,000 and contingent performance payments up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td ($2,500,000 based on ZenContent meeting certain revenue tar) Tj ET Q q 0 0 0 rg BT 293.41 718.10 Td (gets for each of the three years ending July 31, 2017, 2018 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 74.32 706.10 Td (These payments were subject to a downward adjustment of up to 30% if ZenContent) Tj ET Q q 0 0 0 rg BT 415.62 706.10 Td (s co-founder was terminated by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (IZEA) Tj ET Q q 0 0 0 rg BT 71.72 694.10 Td ( for cause or if she terminated her employment without good reason. ) Tj ET Q q 0 0 0 rg BT 347.47 694.10 Td (As a result, the Company initially reduced its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (remaining guaranteed acquisition cost liability and its estimated contingent performance payments by 30% to be accrued as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (compensation expense over the three-year term rather than allocated to the purchase price. ) Tj ET Q q 0 0 0 rg BT 413.04 670.10 Td (The compensation expense recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (as general and administrative expense and accrued to the guaranteed portion of acquisition cost liability during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.63 658.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.56 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.88 646.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.14 646.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.58 646.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.58 646.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.13 646.10 Td ($5,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.63 646.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.07 646.10 Td ($28,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.57 646.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 348.23 646.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 622.10 Td (Based on the July 2018 amendment to the ZenContent Stock Purchase ) Tj ET Q q 0 0 0 rg BT 368.51 622.10 Td (Agreement, as further described in Note 2 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (our financial statements, which resulted in a future fixed amount for the contingent performance payments, we determined that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (the current fair value of the $2,500,000 contingent performance payments for ZenContent was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.09 598.10 Td ($88,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.59 598.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.75 598.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 586.10 Td ( compared to $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.20 586.10 Td (96,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.70 586.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.86 586.10 Td (June30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.69 586.10 Td (. ) Tj ET Q q 0 0 0 rg BT 241.51 586.10 Td (Therefore, we recorded a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 586.10 Td ($875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 586.10 Td ( decrease in the fair value of the contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (performance payments during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.67 574.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.61 574.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.48 574.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.75 574.10 Td (, which was allocated as a decrease in compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (expense. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 538.10 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.05 538.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.98 538.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.86 538.10 Td (September30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.12 538.10 Td (, we recorded a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.70 538.10 Td ($165,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.20 538.10 Td ( increase in the fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (contingent performance payments when the estimated fair value increased from the estimate of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.85 526.10 Td (342,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.35 526.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.51 526.10 Td (June30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.34 526.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 514.10 Td (508,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 514.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.16 514.10 Td (September30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.42 514.10 Td (. Of this amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.42 514.10 Td ($47,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.92 514.10 Td ( was allocated as an increase in compensation expense and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td ($1) Tj ET Q q 0 0 0 rg BT 59.13 502.10 Td (18,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.63 502.10 Td ( was allocated as an increase in the fair value of the contingent performance payments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 478.10 Td (The total change in our acquisition cost liability related to both the guaranteed and contingent performance payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (noted above was a decrease of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.33 466.10 Td ($6,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.83 466.10 Td ( and an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.29 466.10 Td ($193,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.79 466.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.17 466.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.10 466.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.98 466.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.24 466.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.68 466.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.68 466.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 454.10 Td (, thus contributing $199,792 to the increase between periods in general and administrative expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 430.10 Td (Professional fees increased approximately $488,000 during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.88 430.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.81 430.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.69 430.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.95 430.10 Td ( as compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (to the prior year period primarily due to our acquisition activities and an accrual of $500,000 for estimated legal expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (Contractor expense increase approximately $175,000, primarily related to increased needs for external engineering contractors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (These increased costs were of) Tj ET Q q 0 0 0 rg BT 168.71 394.10 Td (fset by reductions in general and administrative expense due to lower payroll, stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (compensation, and personnel related expenses of approximately $39,000 and capitalization of software development costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td ($229,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 370.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (Depreciation and ) Tj ET Q q 0 0 0 rg BT 123.02 346.10 Td (Amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 322.10 Td (Depreciation and amortization expense for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.20 322.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.13 322.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.01 322.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.27 322.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.77 322.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.19 322.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.19 322.10 Td ($4,291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.69 322.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 310.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.09 310.10 Td (, compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.38 310.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.38 310.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 286.10 Td (Depreciation and amortization expense on property and equipment was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.90 286.10 Td ($55,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.40 286.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.84 286.10 Td ($50,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.34 286.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.72 286.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 286.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.88 274.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.14 274.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.58 274.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.58 274.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 248.24 274.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 250.10 Td (Our amortization expense was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.35 250.10 Td ($315,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.85 250.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.29 250.10 Td ($324,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.79 250.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.16 250.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.10 250.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.97 250.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.24 250.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.68 250.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.68 250.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 238.10 Td (. ) Tj ET Q q 0 0 0 rg BT 101.61 238.10 Td (Amortization expense related to intangible assets acquired in the Ebyline, ZenContent, and ) Tj ET Q q 0 0 0 rg BT 467.43 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 472.84 238.10 Td (apInfluence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (acquisitions was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.83 226.10 Td ($242,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.33 226.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.76 226.10 Td ($247,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.26 226.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.64 226.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.57 226.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.45 226.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.71 226.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 226.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 226.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 496.81 226.10 Td (. ) Tj ET Q q 0 0 0 rg BT 501.26 226.10 Td (Amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (expense on our intangible acquisition assets will increase significantly as a result of the ) Tj ET Q q 0 0 0 rg BT 400.89 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 406.30 214.10 Td (apInfluence mer) Tj ET Q q 0 0 0 rg BT 471.36 214.10 Td (ger completed in July ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (2018, of) Tj ET Q q 0 0 0 rg BT 82.65 202.10 Td (fset by assets that have become fully amortized related to prior acquisitions. ) Tj ET Q q 0 0 0 rg BT 388.39 202.10 Td (Amortization expense related to internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (use software development costs was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.96 190.10 Td ($73,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.46 190.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.90 190.10 Td ($76,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.40 190.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.78 190.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.71 190.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.59 190.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.85 190.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.29 190.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.29 190.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 178.10 Td (, related to our previous development of our current ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 306.54 178.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.08 178.10 Td ( platform. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (Other Income \(Expense\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 130.10 Td (Other income \(expense\) consists primarily of interest expense and the change in the fair value of derivatives. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 106.10 Td (Interest expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.69 106.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.45 106.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.45 106.10 Td ($75,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.95 106.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.72 106.10 Td ($90,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.22 106.10 Td ( during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.05 106.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.98 106.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.86 106.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.12 106.10 Td ( compared to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.87 94.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.87 94.10 Td ( primarily due to higher interest rates and higher amounts outstanding on our credit facility in 2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 70.10 Td (e recorded income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.32 70.10 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.32 70.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.75 70.10 Td ($45,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.25 70.10 Td ( resulting from the change in the fair value of derivatives during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.77 70.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.95 58.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.83 58.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.09 58.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.53 58.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.53 58.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 280.19 58.10 Td (. ) Tj ET Q endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 742.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.55 742.10 Td ($25,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.05 742.10 Td ( increase in other income \(expense\) between the periods is the result of the net value of cryptocurrency we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (received from our cryptocurrency mining operations of approximately $7,000 as well as currency exchange changes related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (our Canadian transactions during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.18 718.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.12 718.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.99 718.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.26 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.70 718.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.70 718.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (Net Loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 670.10 Td (Net loss for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.38 670.10 Td (three months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.31 670.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.19 670.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.45 670.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 670.10 Td ($1,332,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 670.10 Td (, which increased from a net loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.68 670.10 Td ($558,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.18 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (for the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.75 658.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.75 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 167.07 658.10 Td (The increase in net loss was primarily the result of reduced revenue as discussed above.) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Results of Operations for) Tj ET Q q 0 0 0 rg BT 157.31 742.25 Td ( the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.64 742.25 Td (Nine Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.22 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.72 742.25 Td (September) Tj ET Q q 0 0 0 rg BT 309.63 742.25 Td (30, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.13 742.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.26 742.25 Td (2017) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (The following table sets forth a summary of our consolidated statements of operations and the percentage of change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (between the periods:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 626.75 254.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 626.75 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 626.75 4.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 626.75 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 626.75 4.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 626.75 60.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 626.75 60.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 603.75 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 603.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 603.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 603.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 603.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 574.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 574.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 574.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 574.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 574.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 574.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 574.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 546.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 546.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 546.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 546.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 546.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 546.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 546.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 518.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 518.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 518.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 518.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 518.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 518.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 518.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 490.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 490.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 490.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 490.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 490.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 490.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 490.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 462.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 462.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 462.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 462.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 462.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 462.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 462.75 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 655.75 m 369.5 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 655.75 m 373.5 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 655.75 m 438.5 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 655.75 m 502.5 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 655.75 m 562.5 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 640.75 m 304.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 640.75 m 369.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 640.75 m 373.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 655.75 m 438.5 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 640.75 m 438.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 640.75 m 442.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 640.75 m 502.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 640.75 m 562.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 546.75 m 304.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 546.75 m 369.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 546.75 m 373.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 546.75 m 438.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 546.75 m 442.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 546.75 m 502.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 546.75 m 562.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 532.75 m 304.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 532.75 m 369.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 532.75 m 373.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 532.75 m 438.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 532.75 m 442.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 532.75 m 502.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 532.75 m 562.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 462.75 m 304.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 462.75 m 369.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 462.75 m 373.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 462.75 m 438.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 462.75 m 442.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 462.75 m 502.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 462.75 m 562.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 448.75 m 304.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 448.75 m 369.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 448.75 m 373.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 448.75 m 438.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 448.75 m 442.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 448.75 m 502.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 448.75 m 562.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 434.75 m 304.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 432.75 m 304.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 434.75 m 369.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 432.75 m 369.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 434.75 m 373.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 432.75 m 373.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 434.75 m 438.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 432.75 m 438.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 434.75 m 442.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 432.75 m 442.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 434.75 m 502.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 432.75 m 502.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 434.75 m 562.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 432.75 m 562.5 432.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.80 685.42 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.70 670.42 Td (Nine Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.10 660.42 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.50 645.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 645.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.95 645.42 Td ($ Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.30 645.42 Td (% Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 631.32 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 631.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 631.32 Td (13,798,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 631.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.60 631.32 Td (17,637,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 631.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.30 631.37 Td (\(3,838,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 631.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 631.32 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 631.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 608.32 Td (Costs and expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 608.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 608.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 593.42 Td (Cost of revenue \(exclusive of amortization\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 593.42 Td (6,490,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 593.42 Td (8,354,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.30 593.47 Td (\(1,863,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 593.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 593.42 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 593.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 579.32 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 579.32 Td (5,065,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 579.32 Td (6,008,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 579.37 Td (\(943,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 579.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 579.32 Td (\(16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 579.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 565.32 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 565.32 Td (6,285,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 565.32 Td (6,925,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 565.37 Td (\(639,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 565.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 565.32 Td (\(9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 565.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 551.32 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 551.32 Td (846,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 551.32 Td (1,095,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 551.37 Td (\(249,01) Tj ET Q q 0 0 0 rg BT 493.63 551.37 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 551.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 551.32 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 551.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 537.32 Td (T) Tj ET Q q 0 0 0 rg BT 94.76 537.32 Td (otal costs and expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 537.32 Td (18,688,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.60 537.32 Td (22,384,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.30 537.37 Td (\(3,695,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 537.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 537.32 Td (\(17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 537.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.32 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.30 523.37 Td (\(4,890,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 523.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 523.37 Td (\(4,747,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 523.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 523.37 Td (\(143,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 523.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 523.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 523.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.32 Td (Other income \(expense\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 509.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 509.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 495.32 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.80 495.37 Td (\(147,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 495.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 495.37 Td (\(45,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 495.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 495.37 Td (\(101,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 495.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.30 495.32 Td (224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 495.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 481.32 Td (Change in fair value of derivatives, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.80 481.37 Td (\(1) Tj ET Q q 0 0 0 rg BT 343.13 481.37 Td (1,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 481.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 481.32 Td (36,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 481.37 Td (\(47,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 481.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 481.32 Td (\(133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 481.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 467.32 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 467.32 Td (23,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 467.32 Td (31,728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 467.37 Td (\(7,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 467.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 467.32 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 467.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 453.32 Td (T) Tj ET Q q 0 0 0 rg BT 94.41 453.32 Td (otal other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.80 453.37 Td (\(135,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 453.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 453.32 Td (22,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 453.37 Td (\(157,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 453.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 453.32 Td (\(702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 453.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 438.42 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 438.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.30 438.47 Td (\(5,025,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 438.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 438.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 438.47 Td (\(4,724,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 438.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 438.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 438.47 Td (\(301,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 438.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 438.42 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 438.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 386.25 Td (The following table illustrates our revenue by type, the percentage of total revenue by type, and the percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (change between the periods:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 333.75 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 333.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 333.75 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 333.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 333.75 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 333.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 333.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 305.75 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 305.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 305.75 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 305.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 305.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 305.75 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 305.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 305.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 305.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 277.75 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 277.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 277.75 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 277.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 277.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 277.75 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 277.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 277.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 277.75 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 348.75 m 314.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 348.75 m 349.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 348.75 m 353.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 348.75 m 413.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 348.75 m 448.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 348.75 m 512.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 348.75 m 562.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 333.75 m 314.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 333.75 m 349.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 333.75 m 413.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 333.75 m 448.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 333.75 m 512.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 333.75 m 562.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 333.75 m 314.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 333.75 m 349.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 333.75 m 413.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 333.75 m 448.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 263.75 m 349.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 263.75 m 413.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 263.75 m 448.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 263.75 m 314.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 250.75 m 314.5 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 248.75 m 314.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 263.75 m 349.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 250.75 m 349.5 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 248.75 m 349.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 263.75 m 413.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 250.75 m 413.5 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 248.75 m 413.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 263.75 m 448.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 250.75 m 448.5 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 248.75 m 448.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 263.75 m 512.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 250.75 m 512.5 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 248.75 m 512.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 263.75 m 562.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 250.75 m 562.5 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 248.75 m 562.5 248.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.70 353.42 Td (Nine Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.35 338.42 Td (September 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.35 338.42 Td (September 30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.95 338.42 Td ($ Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.30 338.42 Td (% Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 324.32 Td (Managed Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.00 324.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.60 324.32 Td (12,660,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.60 324.32 Td (92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 324.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.00 324.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.60 324.32 Td (17,274,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.60 324.32 Td (98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 324.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 324.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 324.37 Td (\(4,613,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.65 324.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 324.32 Td (\(27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 324.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 310.32 Td (Marketplace Spend Fees, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 310.32 Td (388,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 310.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 310.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 310.32 Td (45,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.60 310.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 310.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 310.32 Td (342,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 310.32 Td (750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 310.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 296.32 Td (License Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 296.32 Td (538,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 296.32 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 296.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 296.32 Td (64,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.60 296.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 296.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 296.32 Td (473,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 296.32 Td (735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 296.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 282.32 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 84.83 282.32 Td (W) Tj ET Q q 0 0 0 rg BT 93.78 282.32 Td (orkflow) Tj ET Q q 0 0 0 rg BT 124.72 282.32 Td (, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 282.32 Td (164,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 282.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 282.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 282.32 Td (227,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 282.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 282.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 282.37 Td (\(62,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.65 282.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 282.32 Td (\(27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 282.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 268.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 268.32 Td (45,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.60 268.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 268.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.00 268.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 268.32 Td (25,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.60 268.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 268.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 268.32 Td (20,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.25 268.32 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 268.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 254.32 Td (T) Tj ET Q q 0 0 0 rg BT 70.41 254.32 Td (otal Revenue by type) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.00 254.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.60 254.32 Td (13,798,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.60 254.32 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 254.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.00 254.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.60 254.32 Td (17,637,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.60 254.32 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 254.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 254.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 254.37 Td (\(3,838,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.65 254.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 254.32 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 254.32 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 226.25 Td (Revenues for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.25 226.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.42 226.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.30 226.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.56 226.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.06 226.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.47 226.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.47 226.25 Td ($3,838,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.47 226.25 Td (, or approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.56 226.25 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.89 226.25 Td (, compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.37 214.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.37 214.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 190.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 190.25 Td (e have invested the majority of our time and resources in our Managed Services, which generates the majority of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (revenue. Our acquisitions of Ebyline, ZenContent, and ) Tj ET Q q 0 0 0 rg BT 270.87 178.25 Td (T) Tj ET Q q 0 0 0 rg BT 276.28 178.25 Td (apInfluence have allowed us to expand our product of) Tj ET Q q 0 0 0 rg BT 491.58 178.25 Td (ferings to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (provide custom content in addition to and in combination with our influencer marketing campaigns. In particular) Tj ET Q q 0 0 0 rg BT 500.59 166.25 Td (, our mer) Tj ET Q q 0 0 0 rg BT 536.79 166.25 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.10 154.25 Td (T) Tj ET Q q 0 0 0 rg BT 75.51 154.25 Td (apInfluence provides an immediate increase of market share of the marketplace spend and licensed SaaS revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (business, and enables us to scale more quickly in this space.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 118.25 Td (Managed Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.58 118.25 Td ( revenue declined due to lower initial annual commitments from some of our lar) Tj ET Q q 0 0 0 rg BT 479.58 118.25 Td (ger customers for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (their 2018 advertising spends, along with a decrease in the number of smaller customers running short-term campaigns. Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (bookings related to Managed Services were $14.4 million in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.55 94.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.71 94.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.59 94.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.86 94.25 Td ( compared to $18.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (million in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.39 82.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.55 82.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.43 82.25 Td (September30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.69 82.25 Td (. ) Tj ET Q q 0 0 0 rg BT 269.51 82.25 Td (The decrease in net bookings is the result of a decreasing new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (opportunity pipeline in the first through third quarters of 2017, which impacts bookings and revenue on a trailing basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (Although our annual revenue has historically increased since inception, we have seen a year) Tj ET Q q 0 0 0 rg BT 417.99 58.25 Td (-over) Tj ET Q q 0 0 0 rg BT 438.89 58.25 Td (-year decrease in revenue in ) Tj ET Q endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (the first three quarters of 2018 and believe revenue related to our Managed Services will also be down year) Tj ET Q q 0 0 0 rg BT 478.53 742.10 Td (-over) Tj ET Q q 0 0 0 rg BT 499.43 742.10 Td (-year in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (fourth quarter of 2018 based on these lower net bookings as they translate into future revenue. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.10 Td (The revenue reported in 2017 is being reported pursuant to the previous GAAP) Tj ET Q q 0 0 0 rg BT 402.22 706.10 Td ( reporting standards under ) Tj ET Q q 0 0 0 rg BT 508.86 706.10 Td (ASC 605 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (while the revenue reported in 2018 is being reported pursuant to ) Tj ET Q q 0 0 0 rg BT 308.54 694.10 Td (ASC 606. ) Tj ET Q q 0 0 0 rg BT 350.31 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 358.95 694.10 Td (e adopted the new standards under the modified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (retrospective approach whereby we were not required to recalculate the revenue at each prior year reporting period. Changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (between the standards results in timing dif) Tj ET Q q 0 0 0 rg BT 219.23 670.10 Td (ferences on how revenue is recognized. ) Tj ET Q q 0 0 0 rg BT 378.88 670.10 Td (As discussed in Note 8 under Item 1 of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Quarterly Report, the change in standards resulted in a revenue decrease of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.37 658.10 Td ($29,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.87 658.10 Td ( between the periods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (Marketplace Spend Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.85 634.10 Td ( revenue primarily results from marketers and partners using the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.21 634.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.75 634.10 Td (, and beginning in July ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (2018, the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 89.72 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 94.36 622.10 Td (apInfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.56 622.10 Td ( platforms on a SaaS basis to distribute content for marketing and sponsored social advertising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (campaigns. ) Tj ET Q q 0 0 0 rg BT 97.58 610.10 Td (This also includes revenue from the Company's ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 290.18 610.10 Td (Ebyline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.72 610.10 Td ( platform \("Legacy ) Tj ET Q q 0 0 0 rg BT 399.31 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 407.94 610.10 Td (orkflow"\). Revenue from Marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Spend Fees increased by $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.08 598.10 Td (342,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.58 598.10 Td (, or approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.67 598.10 Td (750%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 598.10 Td (, for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.88 598.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.04 598.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.92 598.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.19 598.10 Td ( compared to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.37 586.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.37 586.10 Td (, primarily as a result of the Company's mer) Tj ET Q q 0 0 0 rg BT 306.56 586.10 Td (ger with ) Tj ET Q q 0 0 0 rg BT 341.93 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 347.34 586.10 Td (apInfluence, which accounted for approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td ($363,764 of the consolidated Marketplace Spend Fees revenue for the period. Self-service use for transactions on the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 520.68 574.10 Td (Ebyline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.23 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (platform is declining year over year due to the ongoing consolidation and cutbacks in the newspaper industry) Tj ET Q q 0 0 0 rg BT 485.90 562.10 Td (. Revenue from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Marketplace Spend Fees represents our net mar) Tj ET Q q 0 0 0 rg BT 239.75 550.10 Td (gins received on this business, which averaged approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.40 550.10 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.73 550.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.17 550.10 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.50 550.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.72 538.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.88 538.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.76 538.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.02 538.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.46 538.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.46 538.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 315.12 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 319.94 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 328.58 538.10 Td (e expect to see continued increases in total Marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Spend Fees revenue, and improved mar) Tj ET Q q 0 0 0 rg BT 208.11 526.10 Td (gins, compared to prior year levels due to the addition of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.20 526.10 Td (T) Tj ET Q q 0 0 0 rg BT 456.85 526.10 Td (apInfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.05 526.10 Td ( platform, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (well as expected or) Tj ET Q q 0 0 0 rg BT 126.73 514.10 Td (ganic growth related to the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 236.41 514.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.96 514.10 Td ( platform.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 490.10 Td (License Fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.42 490.10 Td (revenue is generated primarily through the granting of limited, non-exclusive, non-transferable licenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (to customers for the use of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 173.58 478.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.13 478.10 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 218.56 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 223.21 478.10 Td (apIfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.41 478.10 Td ( technology platforms for an agreed-upon subscription period. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (license the platforms to manage their own sponsored social advertising campaigns. Fees for subscription or licensing services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (are recognized straight-line over the term of the service. License Fees revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.13 454.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.89 454.10 Td ( significantly during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.20 454.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.37 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 442.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.64 442.10 Td ( to $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.42 442.10 Td (538,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.92 442.10 Td (, primarily as a result of the mer) Tj ET Q q 0 0 0 rg BT 335.03 442.10 Td (ger with ) Tj ET Q q 0 0 0 rg BT 370.40 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 375.81 442.10 Td (apInfluence, compared to $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.20 442.10 Td (64,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.70 442.10 Td ( in the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (period of the prior year) Tj ET Q q 0 0 0 rg BT 142.19 430.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 406.10 Td (Legacy W) Tj ET Q q 0 0 0 rg BT 124.79 406.10 Td (orkflow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.35 406.10 Td ( revenue represents transactions through the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 333.62 406.10 Td (Ebyline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.16 406.10 Td ( platform, which is declining year over year due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (to the ongoing consolidation and cutbacks in the newspaper industry) Tj ET Q q 0 0 0 rg BT 323.46 394.10 Td (. Revenue from Legacy ) Tj ET Q q 0 0 0 rg BT 419.63 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 428.27 394.10 Td (orkflow transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.69 394.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.10 394.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 382.10 Td ($164,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.78 382.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.16 382.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.32 382.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.20 382.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.46 382.10 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.66 382.10 Td ($227,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.16 382.10 Td ( for same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.20 382.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.20 382.10 Td (. ) Tj ET Q q 0 0 0 rg BT 485.01 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 494.05 382.10 Td (ith the addition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.65 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.06 370.10 Td (apInfluence and its SaaS revenue model, the Company has shifted its focus away from content related to newspapers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (traditional publishers, and expects Legacy ) Tj ET Q q 0 0 0 rg BT 220.87 358.10 Td (W) Tj ET Q q 0 0 0 rg BT 229.51 358.10 Td (orkflow revenue to continue to decline going forward.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 334.10 Td (Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.83 334.10 Td (revenue consists of other fees generated from partners using the platforms, such as inactivity fees and af) Tj ET Q q 0 0 0 rg BT 527.89 334.10 Td (filiate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (fees, which did not have a significant ef) Tj ET Q q 0 0 0 rg BT 209.21 322.10 Td (fect on our operations for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.06 322.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.22 322.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 322.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.36 322.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.80 322.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 322.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 296.7669921875 m 157.5048828125 296.7669921875 l s q 0 0 0 rg BT 50.00 298.10 Td (Gross Billings by Segment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 274.10 Td (Company management evaluates its operations and makes strategic decisions based, in part, on gross billings from its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (two operating segments, Managed Services and SaaS Services. ) Tj ET Q q 0 0 0 rg BT 304.20 262.10 Td (W) Tj ET Q q 0 0 0 rg BT 312.84 262.10 Td (e define gross billings as the total dollar value of the amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (earned from our customers for the services we performed, or the amounts char) Tj ET Q q 0 0 0 rg BT 363.31 250.10 Td (ged to our customers for their self-service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (purchase of goods and services on our platforms. ) Tj ET Q q 0 0 0 rg BT 248.38 238.10 Td (This is the amount of our reported revenue plus the cost of payments we made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (to third-party creators providing the content or sponsorship services which are netted against revenue for GAAP) Tj ET Q q 0 0 0 rg BT 498.11 226.10 Td ( reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (purposes. Managed Services gross billings is the same as revenue being reported on a GAAP) Tj ET Q q 0 0 0 rg BT 421.49 214.10 Td ( basis as there is no requirement to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (net the revenue against costs of revenue. SaaS Services consists of gross billings generated by the self-service use of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (Company's technology platforms by marketers to manage their own content workflow and sponsored social campaigns, as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (as license subscriptions to access the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 199.40 178.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.95 178.10 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 244.39 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 249.03 178.10 Td (apInfluence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.74 178.10 Td (platforms, which includes license fees and marketplace spend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (fees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 142.10 Td (Gross billings for Marketplace Spend Fees dif) Tj ET Q q 0 0 0 rg BT 270.23 142.10 Td (fers from revenue reported in our consolidated statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (operations, which is presented net of the amounts we pay to our third-party creators providing the content or sponsorship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (services. Gross billings for all other revenue equals the revenue reported in our consolidated statements of operations. ) Tj ET Q q 0 0 0 rg BT 523.29 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 531.92 118.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (consider this metric to be an important indicator of our performance as it measures the total dollar volume of transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (generated through our marketplaces. ) Tj ET Q q 0 0 0 rg BT 198.37 94.10 Td (T) Tj ET Q q 0 0 0 rg BT 204.13 94.10 Td (racking gross billings allows us to monitor the percentage of gross billings that we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (able to retain after payments to our creators. ) Tj ET Q q 0 0 0 rg BT 228.54 82.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 278.44 82.10 Td (, tracking gross billings is critical as it pertains to our credit risk and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (cash flow) Tj ET Q q 0 0 0 rg BT 87.95 70.10 Td (. ) Tj ET Q q 0 0 0 rg BT 92.77 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 101.41 70.10 Td (e invoice our customers based on our services performed or based on their self-service transactions plus our fee. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Then we remit the agreed-upon transaction price to the creators. If we do not collect the money from our customers prior to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (the time of payment to our creators, we could experience lar) Tj ET Q q 0 0 0 rg BT 290.55 46.10 Td (ge swings in our cash flows. Finally) Tj ET Q q 0 0 0 rg BT 434.06 46.10 Td (, gross billings allows us to ) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (evaluate our transaction totals on an equal basis in order for us to see our contribution mar) Tj ET Q q 0 0 0 rg BT 410.83 742.10 Td (gins by revenue type so that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (can better understand where we should be allocating our resources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.10 Td (Gross billings for our SaaS Services segment were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.96 706.10 Td ($3,787,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.96 706.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.34 706.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 706.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.38 706.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.64 706.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.64 706.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.75 694.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.08 694.10 Td ($3,608,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 694.10 Td ( compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.88 694.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.88 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 296.69 694.10 Td (The increase was primarily due to the addition of ) Tj ET Q q 0 0 0 rg BT 495.62 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 501.03 694.10 Td (apInfluence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (in July 2018, accounting for approximately $3.5 million of billings for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.84 682.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.01 682.10 Td ( ended 2018. Our mer) Tj ET Q q 0 0 0 rg BT 485.30 682.10 Td (ger with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 670.10 Td (apInfluence is expected to have a continuing significant positive impact on our future gross billings in this segment as we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (build on the significant marketer base obtained as a result of the mer) Tj ET Q q 0 0 0 rg BT 323.62 658.10 Td (ger) Tj ET Q q 0 0 0 rg BT 335.99 658.10 Td (, of) Tj ET Q q 0 0 0 rg BT 349.14 658.10 Td (fset by the phasing out of our Legacy ) Tj ET Q q 0 0 0 rg BT 500.58 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 509.22 658.10 Td (orkflow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (activity) Tj ET Q q 0 0 0 rg BT 79.34 646.10 Td (. Refer to the below section titled "Non-GAAP) Tj ET Q q 0 0 0 rg BT 266.35 646.10 Td ( Financial Measures" for a reconciliation of gross billings to a GAAP) Tj ET Q q 0 0 0 rg BT 543.06 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (measure.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 608.7669921875 m 105.2783203125 608.7669921875 l s q 0 0 0 rg BT 50.00 610.10 Td (Net Bookings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 586.10 Td (Net bookings is a measure of sales orders received minus any cancellations or adjustments in a given period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Management uses net bookings as a leading indicator of future revenue recognition as revenue is typically recognized within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (90-120 days of booking, though lar) Tj ET Q q 0 0 0 rg BT 190.91 562.10 Td (ger contracts may be recognized over twelve months from the original booking date. Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (bookings can be af) Tj ET Q q 0 0 0 rg BT 125.07 550.10 Td (fected by) Tj ET Q q 0 0 0 rg BT 161.35 550.10 Td (, among other things, cancellations or changes to orders that occur in future periods. Reductions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (net bookings or changes in the expected timing of delivery for services due to delays and customer preferences or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (considerations may result in fluctuations in expected future revenue. Net bookings related to our Managed Services were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (approximately $12.8 million in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.65 514.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.81 514.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.69 514.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.95 514.10 Td ( compared to $18.5 million in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.04 514.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.21 514.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (September30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.26 502.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 478.10 Td (The decrease in net bookings is the result of a decreasing new opportunity pipeline \(defined as the measure of the total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (dollar amount of sales opportunities represented by proposals with potential customers\) in the first through third quarters of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (2017, which impacts bookings and revenue on a trailing basis. In addition to reduced overall pipeline activity) Tj ET Q q 0 0 0 rg BT 486.46 454.10 Td (, there was also a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (higher concentration of lar) Tj ET Q q 0 0 0 rg BT 156.16 442.10 Td (ger opportunities in the pipeline during this period, thereby increasing our reliance on a smaller ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (number of clients and campaigns. In the fourth quarter of 2017 through the second quarter of 2018, we saw a number of lar) Tj ET Q q 0 0 0 rg BT 542.45 430.10 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (clients reduce, shift, or eliminate their spending compared to prior years, which has significantly reduced our 2018 results. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Y) Tj ET Q q 0 0 0 rg BT 56.22 406.10 Td (ear) Tj ET Q q 0 0 0 rg BT 68.23 406.10 Td (-over) Tj ET Q q 0 0 0 rg BT 89.13 406.10 Td (-year new opportunity pipeline growth began to return in the fourth quarter of 2017 and has continued in the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (through third quarters of 2018. ) Tj ET Q q 0 0 0 rg BT 175.35 394.10 Td (The Company has seen a positive ef) Tj ET Q q 0 0 0 rg BT 319.58 394.10 Td (fect from this pipeline growth, and increased bookings in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (the third quarter of 2018 compared to the second quarter) Tj ET Q q 0 0 0 rg BT 275.35 382.10 Td (, with revenue recognition trailing bookings. ) Tj ET Q q 0 0 0 rg BT 455.69 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 464.33 382.10 Td (e anticipate lower year) Tj ET Q q 0 0 0 rg BT 554.91 382.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (over) Tj ET Q q 0 0 0 rg BT 67.57 370.10 Td (-year revenues from Managed Services when compared to prior years for the remainder of 2018, but increased revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (from Marketplace Spend Fees and License Fees and Other revenue due to additional SaaS customers licensing and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (utilization of our platforms for marketplace spending.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Cost of Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 298.10 Td (Cost of revenue for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.69 298.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.86 298.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.73 298.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 298.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.50 298.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.91 298.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.91 298.10 Td ($1,863,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.91 298.10 Td (, or approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 298.10 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.33 298.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.29 286.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.29 286.10 Td (.Cost of revenue as a percentage of revenue remained level at approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.76 286.10 Td (47%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.09 286.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (both periods. Our cost of revenue consists primarily of direct costs paid to our third-party creators who provide custom content ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (and advertising and our internal personnel costs for those primarily responsible for fulfillment of our obligations under our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Managed Services. Our direct costs related to third-party creators are variable with the revenue they generate and these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (remained consistent at approximately 39% of revenue for Managed Services in 2018 and 2017. Our internal fulfillment costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (are mostly fixed and do not track directly to the revenue that is produced during the period. ) Tj ET Q q 0 0 0 rg BT 416.56 226.10 Td (As a result, as Managed Services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (revenue fell, our internal fulfillment costs increased to 13% of revenues for Managed Services during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.91 214.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.08 214.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.26 202.10 Td ( compared to 10% for the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.04 202.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.04 202.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Sales and Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 154.10 Td (Sales and marketing expenses for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.06 154.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.23 154.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.11 154.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.37 154.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.87 154.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.28 154.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.28 154.10 Td ($943,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.78 154.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 142.10 Td (16%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.59 142.10 Td (, compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.88 142.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.88 142.10 Td (.In February 2017, we held our IZEAFest Conference for marketers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (and creators. ) Tj ET Q q 0 0 0 rg BT 103.40 130.10 Td (This event was not repeated in 2018 and the non-recurrence of this event contributed to a reduction in our public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (relations expense of approximately $480,000. Our sales, marketing and support personnel declined by 8%, which along with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (the decrease in variable compensation linked with sales performance, contributed to a reduction of approximately $870,000 in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (sales and marketing payroll and personnel related expenses. Marketing costs increased by approximately $181,000 during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.17 82.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.04 82.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.31 82.10 Td ( compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 82.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.10 82.10 Td (, due to our State of the Creator Economy survey ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (which was produced and distributed during 2018 as an update to our latest report produced at the end of 2016. ) Tj ET Q q 0 0 0 rg BT 492.76 70.10 Td (This survey ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (provides key insight and sales resources for our internal team and customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td ( ) Tj ET Q endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (39) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (General and ) Tj ET Q q 0 0 0 rg BT 103.52 742.25 Td (Administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (General and administrative expense for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.38 718.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.54 718.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.42 718.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.68 718.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.18 718.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.59 718.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.59 718.25 Td ($639,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.09 718.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 706.25 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.59 706.25 Td (, compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.88 706.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.88 706.25 Td (. ) Tj ET Q q 0 0 0 rg BT 281.70 706.25 Td (The decrease was primarily attributable to an overall reduction in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (operating costs and the change in our acquisition cost liability estimate related to the ZenContent acquisition in July 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 682.25 Td (fset by the accrual of estimated legal expenses of $500,000. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.25 Td (On July 31, 2016, we purchased all of the outstanding shares of capital stock of ZenContent, Inc. for aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (consideration up to $4,500,000, consisting of guaranteed payments of $2,000,000 and contingent performance payments up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td ($2,500,000 based on ZenContent meeting certain revenue tar) Tj ET Q q 0 0 0 rg BT 293.91 634.25 Td (gets for each of the three years ending July 31, 2017, 2018 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (2019. ) Tj ET Q q 0 0 0 rg BT 74.82 622.25 Td (These payments were subject to downward adjustment of up to 30% if ZenContent) Tj ET Q q 0 0 0 rg BT 409.18 622.25 Td (s co-founder was terminated by IZEA) Tj ET Q q 0 0 0 rg BT 559.97 622.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (for cause or if she terminated her employment without good reason. ) Tj ET Q q 0 0 0 rg BT 323.26 610.25 Td (As a result, the Company initially reduced its remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (guaranteed acquisition cost liability and its estimated contingent performance payments by 30% to be accrued as compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (expense over the three-year term rather than allocated to the purchase price. ) Tj ET Q q 0 0 0 rg BT 355.50 586.25 Td (The compensation expense recorded as general and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (administrative expense and accrued to the guaranteed portion of acquisition cost liability during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.43 574.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.60 574.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.26 562.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.70 562.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.70 562.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.25 562.25 Td ($28,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.75 562.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.19 562.25 Td ($151,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.69 562.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 332.35 562.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 538.25 Td (Based on the July 2018 amendment to the ZenContent Stock Purchase ) Tj ET Q q 0 0 0 rg BT 369.01 538.25 Td (Agreement, as further described in Note 2 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (our financial statements, which resulted in a future fixed amount for the contingent performance payments, we determined that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (the current fair value of the $2,500,000 contingent performance payments for ZenContent was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.59 514.25 Td ($88,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.09 514.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.25 514.25 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 502.25 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.70 502.25 Td ($744,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.20 502.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.36 502.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.95 502.25 Td (. ) Tj ET Q q 0 0 0 rg BT 269.77 502.25 Td (Therefore, we recorded a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.75 502.25 Td ($646,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.25 502.25 Td ( decrease in the fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (contingent performance payments during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.88 490.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.05 490.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.93 490.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.19 490.25 Td (. Of this amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.19 490.25 Td ($160,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.69 490.25 Td ( was allocated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (as a decrease in compensation expense and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.65 478.25 Td ($485,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.15 478.25 Td ( was allocated as a decrease in the fair value of the contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (performance payments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 442.25 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.55 442.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.71 442.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.59 442.25 Td (September30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.85 442.25 Td (, we recorded a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.43 442.25 Td ($184,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.93 442.25 Td ( increase in the fair value of the contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (performance payments when the estimated fair value increased from the estimate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.64 430.25 Td ($324,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.14 430.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.30 430.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.88 430.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td ($342,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 418.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.66 418.25 Td (September30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.92 418.25 Td (. Of this amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.92 418.25 Td ($122,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.42 418.25 Td ( was allocated as an increase in compensation expense and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td ($62,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 406.25 Td ( was allocated as a increase in the fair value of the contingent performance payments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 382.25 Td (The total change in our acquisition cost liability related to both the guaranteed and contingent performance payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (noted above was a decrease of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.83 370.25 Td ($618,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.33 370.25 Td ( and an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.79 370.25 Td ($335,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.29 370.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.67 370.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.83 370.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.71 370.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.97 370.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.41 370.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.41 370.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 358.25 Td (, thus contributing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.21 358.25 Td ($953,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.71 358.25 Td ( to the decrease between periods in general and administrative expense. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 334.25 Td (The remaining decrease in general and administrative expense was due to \(i\) lower payroll, stock compensation, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (personnel-related expenses of approximately $561,000 due to lower commissions and bonus amounts accrued and lower stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (expense on vested options in 2018, \(ii\) capitalization of software development costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 310.25 Td ($401,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.30 310.25 Td (, and \(iii\) decreased investor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (relations costs of approximately $17,000 due to the non-renewal of our investor relations firm agreement in May 2017. Legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (and accounting fees increased approximately $604,000 during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 286.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.91 286.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.79 286.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.05 286.25 Td ( as compared to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (prior year period due our acquisition activities, additional procedures related to revised statements and implementation of ) Tj ET Q q 0 0 0 rg BT 537.35 274.25 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (606 in our public filings, and an accrual of $500,000 for estimated legal expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (Depreciation and ) Tj ET Q q 0 0 0 rg BT 123.52 238.25 Td (Amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 214.25 Td (Depreciation and amortization expense for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.70 214.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.87 214.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.74 214.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.01 214.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.51 214.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.92 214.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.92 214.25 Td ($249,01) Tj ET Q q 0 0 0 rg BT 521.05 214.25 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.05 214.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 202.25 Td (23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.59 202.25 Td (, compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.88 202.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.88 202.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 178.25 Td (Depreciation and amortization expense on property and equipment was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.40 178.25 Td ($167,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.90 178.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.34 178.25 Td ($163,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.84 178.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.22 178.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.38 178.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 166.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.64 166.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.08 166.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.08 166.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 248.74 166.25 Td (. Depreciation expense increased in 2018 due to acquisition of cryptocurrency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (mining equipment, acquired assets from ) Tj ET Q q 0 0 0 rg BT 212.56 154.25 Td (T) Tj ET Q q 0 0 0 rg BT 217.97 154.25 Td (apInfluence, and minimal increases in our property and equipment, of) Tj ET Q q 0 0 0 rg BT 499.36 154.25 Td (fset by certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (assets becoming fully depreciated. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 118.25 Td (Our amortization expense was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.85 118.25 Td ($678,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.35 118.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.79 118.25 Td ($932,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.29 118.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.66 118.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.83 118.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.71 118.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.97 118.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.41 118.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.41 118.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 106.25 Td (. ) Tj ET Q q 0 0 0 rg BT 102.11 106.25 Td (Amortization expense related to intangible assets acquired in the Ebyline, ZenContent, and ) Tj ET Q q 0 0 0 rg BT 467.93 106.25 Td (T) Tj ET Q q 0 0 0 rg BT 473.34 106.25 Td (apInfluence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (acquisitions was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.33 94.25 Td ($458,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.83 94.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.26 94.25 Td ($747,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.76 94.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.14 94.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.31 94.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.18 94.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.45 94.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.88 94.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.88 94.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 494.55 94.25 Td (. ) Tj ET Q q 0 0 0 rg BT 498.99 94.25 Td (Amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (expense on our intangible acquisition assets is declined through July 2018 as several of the items completed the amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (period for their useful lives, with of) Tj ET Q q 0 0 0 rg BT 192.29 70.25 Td (fsetting increase starting in late July for the newly acquired ) Tj ET Q q 0 0 0 rg BT 431.47 70.25 Td (T) Tj ET Q q 0 0 0 rg BT 436.88 70.25 Td (apInfluence intangible assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (Amortization expense related to internal use software development costs was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.01 58.25 Td ($220,866) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.51 58.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.95 58.25 Td ($184,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.45 58.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.83 58.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.99 58.25 Td ( ) Tj ET Q endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 742.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.64 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.08 742.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.08 742.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 248.74 742.10 Td (, and is increasing as we continue to amortize costs associated with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (development our current ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 150.80 730.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.34 730.10 Td ( platform. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Other Income \(Expense\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 682.10 Td (Other income \(expense\) consists primarily of interest expense and the change in the fair value of derivatives. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.10 Td (Interest expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.19 658.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.95 658.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.95 658.10 Td ($101,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.45 658.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.22 658.10 Td ($147,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.72 658.10 Td ( during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.55 658.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.71 658.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.59 658.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.86 658.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.09 646.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.09 646.10 Td ( primarily due to higher interest rates and higher amounts outstanding on our credit facility in 2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 622.10 Td (e recorded expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.59 622.10 Td ($1) Tj ET Q q 0 0 0 rg BT 194.22 622.10 Td (1,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.72 622.10 Td ( and income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.92 622.10 Td ($36,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.42 622.10 Td ( resulting from the change in the fair value of restricted stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.33 610.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.49 610.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.37 610.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.63 610.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.07 610.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.07 610.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 343.73 610.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 586.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.05 586.10 Td ($7,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.55 586.10 Td ( increase in other income \(expense\) between the periods is the result of the net value of cryptocurrency we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (received from our cryptocurrency mining operations during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.47 574.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.63 574.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.51 574.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.77 574.10 Td ( of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ($24,000 of) Tj ET Q q 0 0 0 rg BT 93.15 562.10 Td (fset by currency exchange losses related to our Canadian transactions during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.37 562.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.54 562.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.41 562.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 550.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 550.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 550.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Net Loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 502.10 Td (Net loss for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.88 502.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.04 502.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.92 502.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.18 502.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.73 502.10 Td ($5,025,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.73 502.10 Td (, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.67 502.10 Td ($301,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.17 502.10 Td ( increase over the net loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ($4,724,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 490.10 Td ( for the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.75 490.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.75 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 215.07 490.10 Td (The increase in net loss was primarily the result of reduced revenues as discussed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (above.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 98.89 442.10 Td ( Financial Measur) Tj ET Q q 0 0 0 rg BT 176.48 442.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 418.10 Td (Below are financial measures of our gross billings, cash-based operating expenses \(Cash Opex\) and ) Tj ET Q q 0 0 0 rg BT 495.59 418.10 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (EBITDA. ) Tj ET Q q 0 0 0 rg BT 91.48 406.10 Td (These are non-GAAP) Tj ET Q q 0 0 0 rg BT 182.19 406.10 Td ( financial measures as defined under the rules of the Securities and Exchange Commission ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (\(the SEC\). ) Tj ET Q q 0 0 0 rg BT 103.41 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 112.05 394.10 Td (e use these non-GAAP) Tj ET Q q 0 0 0 rg BT 203.05 394.10 Td ( financial measures to assess the progress of our business and make decisions on where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (to allocate our resources. ) Tj ET Q q 0 0 0 rg BT 151.90 382.10 Td (As our business evolves, we may make changes in future periods to the key financial metrics that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (consider to measure our business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 346.10 Td (e define gross billings as the total dollar value of the amounts earned from our customers for the services we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (performed, or the amounts char) Tj ET Q q 0 0 0 rg BT 175.61 334.10 Td (ged to our customers for their self-service purchase of goods and services on our platforms. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (This is the amount of our reported revenue plus the cost of payments we made to third-party creators providing the content or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (sponsorship services which are netted against revenue for GAAP) Tj ET Q q 0 0 0 rg BT 309.56 310.10 Td ( reporting purposes.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 286.10 Td (Gross billings for Marketplace Spend Fees dif) Tj ET Q q 0 0 0 rg BT 270.23 286.10 Td (fers from revenue reported in our consolidated statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (operations, which is presented net of the amounts we pay to our third-party creators providing the content or sponsorship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (services. Gross billings for all other revenue equals the revenue reported in our consolidated statements of operations. ) Tj ET Q q 0 0 0 rg BT 523.29 262.10 Td (W) Tj ET Q q 0 0 0 rg BT 531.92 262.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (consider this metric to be an important indicator of our performance as it measures the total dollar volume of transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (generated through our marketplaces. ) Tj ET Q q 0 0 0 rg BT 198.37 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 204.13 238.10 Td (racking gross billings allows us to monitor the percentage of gross billings that we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (able to retain after payments to our creators. ) Tj ET Q q 0 0 0 rg BT 228.54 226.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 278.44 226.10 Td (, tracking gross billings is critical as it pertains to our credit risk and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (cash flow) Tj ET Q q 0 0 0 rg BT 87.95 214.10 Td (. ) Tj ET Q q 0 0 0 rg BT 92.77 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 101.41 214.10 Td (e invoice our customers based on our services performed or based on their self-service transactions plus our fee. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Then we remit the agreed-upon transaction price to the creators. If we do not collect the money from our customers prior to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (the time of payment to our creators, we could experience lar) Tj ET Q q 0 0 0 rg BT 290.55 190.10 Td (ge swings in our cash flows. Finally) Tj ET Q q 0 0 0 rg BT 434.06 190.10 Td (, gross billings allows us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (evaluate our transaction totals on an equal basis in order for us to see our contribution mar) Tj ET Q q 0 0 0 rg BT 410.83 178.10 Td (gins by revenue type so that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (can better understand where we should be allocating our resources. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td ( ) Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following table sets forth a reconciliation from the GAAP) Tj ET Q q 0 0 0 rg BT 298.73 742.10 Td ( measurement of Revenue to our non-GAAP) Tj ET Q q 0 0 0 rg BT 476.65 742.10 Td ( financial measure of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (gross billings and the percentage change between the periods:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 679.60 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 679.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 679.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 679.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 679.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 650.60 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 650.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 650.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 650.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 650.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 650.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 650.60 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 694.6 m 369.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 694.6 m 373.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 694.6 m 438.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 694.6 m 442.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 694.6 m 507.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 679.6 m 304.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 679.6 m 369.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 679.6 m 373.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 694.6 m 438.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 679.6 m 438.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 694.6 m 442.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 679.6 m 442.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 679.6 m 507.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 679.6 m 562.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 650.6 m 369.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 650.6 m 438.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 650.6 m 507.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 650.6 m 562.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 650.6 m 304.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 637.6 m 304.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 635.6 m 304.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 650.6 m 369.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 637.6 m 369.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 635.6 m 369.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 650.6 m 373.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 637.6 m 373.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 635.6 m 373.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 650.6 m 438.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 637.6 m 438.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 635.6 m 438.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 650.6 m 442.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 637.6 m 442.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 635.6 m 442.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 650.6 m 507.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 637.6 m 507.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 635.6 m 507.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 650.6 m 562.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 637.6 m 562.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 635.6 m 562.5 635.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.75 709.27 Td (Three Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.10 699.27 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.50 684.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 684.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.45 684.27 Td ($ Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.80 684.27 Td (% Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 669.27 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 669.27 Td (5,780,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 669.27 Td (7,089,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.30 669.32 Td (\(1,308,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 669.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 669.27 Td (\(18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 669.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 655.17 Td (Plus transaction costs for third-party creators ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 241.17 659.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 655.17 Td (3,437,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 655.17 Td (1,064,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 655.17 Td (2,372,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 655.17 Td (223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 655.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 641.17 Td (Gross billings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 641.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 641.17 Td (9,218,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 641.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 641.17 Td (8,154,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 641.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 641.17 Td (1,063,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 641.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 641.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 574.60 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 574.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 574.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 574.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 574.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 574.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 574.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 545.60 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 545.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 545.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 545.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 545.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 545.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 545.60 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 589.6 m 369.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 589.6 m 373.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 589.6 m 438.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 589.6 m 442.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 589.6 m 507.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 589.6 m 562.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 574.6 m 304.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 574.6 m 369.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 574.6 m 373.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 589.6 m 438.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 574.6 m 438.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 589.6 m 442.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 574.6 m 442.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 574.6 m 507.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 574.6 m 562.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 545.6 m 369.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 545.6 m 438.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 545.6 m 507.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 545.6 m 562.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 545.6 m 304.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 532.6 m 304.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 530.6 m 304.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 545.6 m 369.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 532.6 m 369.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 530.6 m 369.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 545.6 m 373.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 532.6 m 373.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 530.6 m 373.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 545.6 m 438.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 532.6 m 438.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 530.6 m 438.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 545.6 m 442.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 532.6 m 442.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 530.6 m 442.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 545.6 m 507.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 532.6 m 507.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 530.6 m 507.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 545.6 m 562.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 532.6 m 562.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 530.6 m 562.5 530.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.70 604.27 Td (Nine Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.10 594.27 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.50 579.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 579.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.45 579.27 Td ($ Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.80 579.27 Td (% Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 564.27 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 564.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 564.27 Td (13,798,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 564.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.60 564.27 Td (17,637,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 564.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.30 564.32 Td (\(3,838,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 564.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 564.27 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 564.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 550.17 Td (Plus transaction costs for third-party creators ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 241.17 554.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 550.17 Td (5,031,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 550.17 Td (3,700,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 550.17 Td (1,331,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 550.17 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 550.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.17 Td (Gross billings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 536.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 536.17 Td (18,830,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 536.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.60 536.17 Td (21,337,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 536.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.30 536.22 Td (\(2,507,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 536.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 536.17 Td (\(27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 536.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 520.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.74 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.06 520.10 Td (T) Tj ET Q q 0 0 0 rg BT 106.82 520.10 Td (ransaction costs related to third-party creators for services provided for the Marketplace Spend Fees portion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (our revenue reported on a net basis for GAAP) Tj ET Q q 0 0 0 rg BT 232.72 508.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 484.10 Td (The following table sets forth our gross billings by revenue type, the percentage of total gross billings by revenue type, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (and the percentage of change between the periods:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 431.60 218.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 431.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 431.60 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 431.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 431.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 431.60 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 431.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 431.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 431.60 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 403.60 218.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 403.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 403.60 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 403.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 403.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 403.60 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 403.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 403.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 403.60 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 375.60 218.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 375.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 375.60 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 375.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 375.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 375.60 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 375.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 375.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 375.60 51.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 446.6 m 328.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 446.6 m 358.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 446.6 m 362.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 446.6 m 422.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 446.6 m 452.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 446.6 m 511.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 446.6 m 562.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 431.6 m 328.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 431.6 m 358.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 431.6 m 422.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 431.6 m 452.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 431.6 m 511.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 431.6 m 562.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 431.6 m 328.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 431.6 m 422.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 361.6 m 422.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 361.6 m 328.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 348.6 m 328.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 346.6 m 328.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 361.6 m 358.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 348.6 m 358.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 346.6 m 358.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 361.6 m 422.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 348.6 m 422.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 346.6 m 422.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 361.6 m 452.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 348.6 m 452.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 346.6 m 452.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 361.6 m 511.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 348.6 m 511.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 346.6 m 511.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 361.6 m 562.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 348.6 m 562.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 346.6 m 562.5 346.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.75 451.27 Td (Three Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.85 436.27 Td (September 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.85 436.27 Td (September 30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.45 436.27 Td ($ Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 436.27 Td (% Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 422.17 Td (Managed Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 422.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.60 422.17 Td (4,859,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.60 422.17 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 422.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 422.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.60 422.17 Td (6,997,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.60 422.17 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 422.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 422.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 422.22 Td (\(2,137,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 422.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 422.17 Td (\(31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 422.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 408.17 Td (Marketplace Spend Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.60 408.17 Td (3,191,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.60 408.17 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 408.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 408.17 Td (58,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.60 408.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 408.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.60 408.17 Td (3,132,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.75 408.17 Td (5,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 408.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 394.17 Td (License Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.15 394.17 Td (485,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.60 394.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 394.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 394.17 Td (9,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.60 394.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 394.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 394.17 Td (476,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.75 394.17 Td (5,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 394.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 380.17 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 84.83 380.17 Td (W) Tj ET Q q 0 0 0 rg BT 93.78 380.17 Td (orkflow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.15 380.17 Td (673,065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.60 380.17 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 380.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.60 380.17 Td (1,082,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.60 380.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 380.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 380.22 Td (\(409,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 380.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 380.17 Td (\(38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 380.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 366.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 366.17 Td (8,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.60 366.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 366.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 366.17 Td (6,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.60 366.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 366.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 366.17 Td (2,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.25 366.17 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 366.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 352.17 Td (T) Tj ET Q q 0 0 0 rg BT 70.41 352.17 Td (otal gross billings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 352.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.60 352.17 Td (9,218,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.60 352.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 352.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 352.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.60 352.17 Td (8,154,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.60 352.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 352.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 352.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.60 352.17 Td (1,063,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.25 352.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 352.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 295.60 218.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 295.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 295.60 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 295.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 295.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 295.60 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 295.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 295.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 295.60 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 267.60 218.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 267.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 267.60 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 267.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 267.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 267.60 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 267.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 267.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 267.60 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 239.60 218.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 239.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 239.60 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 239.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 239.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 239.60 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 239.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 239.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 239.60 51.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 310.6 m 328.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 310.6 m 358.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 310.6 m 362.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 310.6 m 422.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 310.6 m 452.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 310.6 m 511.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 310.6 m 562.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 295.6 m 328.5 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 295.6 m 358.5 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 295.6 m 422.5 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 295.6 m 452.5 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 295.6 m 511.5 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 295.6 m 562.5 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 295.6 m 328.5 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 295.6 m 422.5 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 225.60000000000002 m 328.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 225.60000000000002 m 422.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 225.60000000000002 m 328.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 212.60000000000002 m 328.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 210.60000000000002 m 328.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 225.60000000000002 m 358.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 212.60000000000002 m 358.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 210.60000000000002 m 358.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 225.60000000000002 m 422.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 212.60000000000002 m 422.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 210.60000000000002 m 422.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 225.60000000000002 m 452.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 212.60000000000002 m 452.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 210.60000000000002 m 452.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 225.60000000000002 m 511.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 212.60000000000002 m 511.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 210.60000000000002 m 511.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 225.60000000000002 m 562.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 212.60000000000002 m 562.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 210.60000000000002 m 562.5 210.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.70 315.27 Td (Nine Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.85 300.27 Td (September 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.85 300.27 Td (September 30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.45 300.27 Td ($ Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 300.27 Td (% Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 286.17 Td (Managed Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 286.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.60 286.17 Td (12,660,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.60 286.17 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 286.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 286.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.60 286.17 Td (17,274,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.60 286.17 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 286.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 286.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 286.22 Td (\(4,613,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 286.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 286.17 Td (\(27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 286.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 272.17 Td (Marketplace Spend Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.60 272.17 Td (3,249,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.60 272.17 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 272.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 272.17 Td (1) Tj ET Q q 0 0 0 rg BT 391.15 272.17 Td (14,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.60 272.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 272.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.60 272.17 Td (3,134,977) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.75 272.17 Td (2,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 272.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 258.17 Td (License Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.15 258.17 Td (538,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.60 258.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 258.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 258.17 Td (64,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.60 258.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 258.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 258.17 Td (473,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 258.17 Td (735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 258.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 244.17 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 84.83 244.17 Td (W) Tj ET Q q 0 0 0 rg BT 93.78 244.17 Td (orkflow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.60 244.17 Td (2,335,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.60 244.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 244.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.60 244.17 Td (3,858,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.60 244.17 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 244.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 244.22 Td (\(1,522,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 244.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 244.17 Td (\(39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 244.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 230.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 230.17 Td (45,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.60 230.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 230.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 230.17 Td (25,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.60 230.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 230.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 230.17 Td (20,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.25 230.17 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 230.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 216.17 Td (T) Tj ET Q q 0 0 0 rg BT 70.41 216.17 Td (otal gross billings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 216.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.60 216.17 Td (18,830,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.60 216.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 216.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 216.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.60 216.17 Td (21,337,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.60 216.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 216.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 216.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 216.22 Td (\(2,507,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 216.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 216.17 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 216.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 188.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 188.10 Td (e define Cash Opex as the total of our operating expenses exclusive of unusual or non-cash expenses such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (depreciation and amortization, non-cash stock related compensation, gain or loss on asset disposals or impairment and changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (in acquisition cost estimates, and gains or losses on settlement of liabilities, if applicable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 140.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 140.10 Td (e define ) Tj ET Q q 0 0 0 rg BT 128.51 140.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 203.23 140.10 Td ( as earnings or loss before interest, taxes, depreciation and amortization, non-cash stock-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (based compensation, gain or loss on asset disposals or impairment, changes in acquisition cost estimates, and all other non-cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (income and expense items such as gains or losses on settlement of liabilities and exchanges, and changes in the fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (derivatives, if applicable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 80.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 80.10 Td (e use Cash Opex as a percentage of revenue and ) Tj ET Q q 0 0 0 rg BT 289.00 80.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 363.71 80.10 Td ( as measures of operating performance, for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (planning purposes, to allocate resources to enhance the financial performance of our business and in communications with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (our Board of Directors regarding our financial performance. ) Tj ET Q q 0 0 0 rg BT 292.77 56.10 Td (W) Tj ET Q q 0 0 0 rg BT 301.41 56.10 Td (e believe that Cash Opex as a percentage of revenue and ) Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 124.72 742.10 Td ( also provide useful information to investors as they exclude transactions not related to our core cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (operating business activities, including non-cash transactions, and they provide consistency and facilitate period-to-period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (comparisons. ) Tj ET Q q 0 0 0 rg BT 105.37 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 114.00 718.10 Td (e believe that excluding these transactions allows investors to meaningfully trend and analyze the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (performance of our core cash operations. ) Tj ET Q q 0 0 0 rg BT 215.76 706.10 Td (All companies do not calculate Cash Opex and ) Tj ET Q q 0 0 0 rg BT 405.16 706.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 479.87 706.10 Td ( in the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (manner) Tj ET Q q 0 0 0 rg BT 79.58 694.10 Td (, and Cash Opex and ) Tj ET Q q 0 0 0 rg BT 164.57 694.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 239.29 694.10 Td ( as presented by us may not be comparable to Cash Opex and ) Tj ET Q q 0 0 0 rg BT 486.72 694.10 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 86.11 682.10 Td ( presented by other companies, which limits their usefulness as comparative measures. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 125.03 658.10 Td (, Cash Opex and ) Tj ET Q q 0 0 0 rg BT 193.08 658.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 267.79 658.10 Td ( have limitations as an analytical tool, and you should not consider them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (in isolation or as a substitute for an analysis of our results of operations as under GAAP) Tj ET Q q 0 0 0 rg BT 399.94 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 404.76 646.10 Td (These limitations include that Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Opex and ) Tj ET Q q 0 0 0 rg BT 90.55 634.10 Td (Adjusted EBITDA: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 610.10 Td (do not include stock-based compensation expense, which has been, and will continue to be for the foreseeable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 598.10 Td (future, a significant recurring expense for our business and an important part of our compensation strategy; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 586.10 Td (do not include stock issued for payment of services, which is a non-cash expense, but has been, and is expected to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 574.10 Td (be for the foreseeable future, an important means for us to compensate our vendors and other parties who provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 562.10 Td (us with services; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 550.10 Td (do not include changes in acquisition cost estimates as a result of the allocation of acquisition costs payable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 538.10 Td (compensation expense or changes in the estimate of contingent acquisition costs payable, which may or may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 526.10 Td (ever be paid, but may be a significant recurring expense for our business if we continue to make business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 514.10 Td (acquisitions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 502.10 Td (do not include gains or losses on the settlement of acquisition costs payable or liabilities when the stock value, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 490.10 Td (agreed upon in the agreement, varies from the market price of our stock on the settlement date, which is a non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 478.10 Td (cash expense, but will continue to be a recurring expense for our business on certain business contracts where the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 466.10 Td (amounts can vary; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 454.10 Td (do not include depreciation and intangible assets amortization expense, impairment char) Tj ET Q q 0 0 0 rg BT 456.76 454.10 Td (ges and gains or losses on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 442.10 Td (disposal of equipment, which is not always a current period cash expense, but the assets being depreciated and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 430.10 Td (amortized may have to be replaced in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 406.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 140.43 406.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 215.15 406.10 Td ( excludes changes in fair value of derivatives, interest expense and other gains, losses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (and expenses that we believe are not indicative of our ongoing core operating results, but these items may represent a reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (or increase in cash available to us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 358.10 Td (Because of these limitations, Cash Opex should not be considered as a measure of our total operating expenses, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 121.93 346.10 Td ( should not be considered as a measure of discretionary cash available to us to invest in the operation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (growth of our business or as a measure of cash that will be available to us to meet our obligations. ) Tj ET Q q 0 0 0 rg BT 444.26 334.10 Td (Y) Tj ET Q q 0 0 0 rg BT 450.48 334.10 Td (ou should compensate for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (these limitations by relying primarily on our GAAP) Tj ET Q q 0 0 0 rg BT 256.55 322.10 Td ( results and using these non-GAAP) Tj ET Q q 0 0 0 rg BT 397.00 322.10 Td ( financial measures as supplements. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (evaluating these non-GAAP) Tj ET Q q 0 0 0 rg BT 162.38 310.10 Td ( financial measures, you should be aware that in the future we may incur expenses similar to those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (for which adjustments are made in calculating Cash Opex and ) Tj ET Q q 0 0 0 rg BT 299.93 298.10 Td (Adjusted EBITDA. Our presentation of these non-GAAP) Tj ET Q q 0 0 0 rg BT 528.68 298.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (financial measures should also not be construed to infer that our future results will be unaf) Tj ET Q q 0 0 0 rg BT 411.11 286.10 Td (fected by unusual or non-recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (items.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 250.10 Td (The following table sets forth a reconciliation from the GAAP) Tj ET Q q 0 0 0 rg BT 334.73 250.10 Td ( measurement of Operating Expenses to our non-GAAP) Tj ET Q q 0 0 0 rg BT 557.92 250.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (financial measure of Cash Opex and Cash Opex as a percentage of revenue for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.81 238.10 Td (three and nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.40 238.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.27 238.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 226.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 226.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 226.10 Td (:) Tj ET Q endstream 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 541.5 m 493.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 539.5 m 493.5 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 554.5 m 497.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 541.5 m 497.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 539.5 m 497.5 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 554.5 m 562.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 541.5 m 562.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 539.5 m 562.5 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 511.5 m 290.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 498.5 m 290.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 496.5 m 290.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 511.5 m 355.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 498.5 m 355.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 496.5 m 355.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 511.5 m 359.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 498.5 m 359.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 496.5 m 359.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 511.5 m 424.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 498.5 m 424.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 496.5 m 424.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 511.5 m 428.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 498.5 m 428.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 496.5 m 428.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 511.5 m 493.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 498.5 m 493.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 496.5 m 493.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 511.5 m 497.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 498.5 m 497.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 496.5 m 497.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 511.5 m 562.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 498.5 m 562.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 496.5 m 562.5 496.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.75 738.17 Td (Three Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.10 728.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.70 738.17 Td (Nine Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.10 728.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.50 713.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.50 713.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 713.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 713.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 698.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 698.17 Td (otal costs and expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 698.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.60 698.17 Td (7,042,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 698.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 698.17 Td (7,723,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 698.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.60 698.17 Td (18,688,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 698.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.60 698.17 Td (22,384,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 684.07 Td (Less:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 670.07 Td (Non-cash stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 670.07 Td (1) Tj ET Q q 0 0 0 rg BT 319.15 670.07 Td (18,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 670.07 Td (182,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 670.07 Td (468,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 670.07 Td (509,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 656.07 Td (Non-cash stock issued for payment of services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 656.07 Td (31,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 656.07 Td (60,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 656.07 Td (93,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 656.07 Td (143,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 642.07 Td (\(Gain\) loss on disposal of equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 642.07 Td (6,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 642.12 Td (\(1,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 642.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 642.07 Td (5,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 642.12 Td (\(5,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 642.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 627.17 Td (\(Gain\) loss on settlement of acquisition costs payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.80 627.22 Td (\(84,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 627.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 627.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 627.22 Td (\(84,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 627.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 627.22 Td (\(10,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 627.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 612.17 Td (Increase \(decrease\) in value of acquisition costs payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 612.17 Td (6,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 612.17 Td (193,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 612.22 Td (\(618,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 612.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 612.17 Td (335,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 598.07 Td (Legal expense accrual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 598.07 Td (500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 598.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 598.07 Td (500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 598.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 584.07 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 584.07 Td (370,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 584.07 Td (374,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 584.07 Td (846,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 584.07 Td (1,095,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 569.17 Td (T) Tj ET Q q 0 0 0 rg BT 82.41 569.17 Td (otal excluded expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 569.17 Td (948,1) Tj ET Q q 0 0 0 rg BT 336.65 569.17 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 569.17 Td (809,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 569.17 Td (1,210,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 569.17 Td (2,068,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 545.07 Td (Cash Opex) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 545.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.60 545.07 Td (6,094,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 545.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 545.07 Td (6,913,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 545.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.60 545.07 Td (17,478,605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 545.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.60 545.07 Td (20,315,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 516.17 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 516.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.60 516.17 Td (5,780,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 516.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 516.17 Td (7,089,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 516.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.60 516.17 Td (13,798,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 516.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.60 516.17 Td (17,637,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 502.07 Td (Cash Opex / Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 502.07 Td (105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 502.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 502.07 Td (98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 502.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 502.07 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 502.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.65 502.07 Td (1) Tj ET Q q 0 0 0 rg BT 543.65 502.07 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 502.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 462.00 Td (The following table sets forth a reconciliation from the GAAP) Tj ET Q q 0 0 0 rg BT 334.73 462.00 Td ( measurement of net loss to our non-GAAP) Tj ET Q q 0 0 0 rg BT 507.94 462.00 Td ( financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.00 Td (measure of ) Tj ET Q q 0 0 0 rg BT 96.09 450.00 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 170.81 450.00 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.19 450.00 Td (three and nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.78 450.00 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 450.00 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.92 450.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.36 450.00 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.36 450.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 399.50 237.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 399.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 399.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 399.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 399.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 399.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 399.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 399.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 371.50 237.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 371.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 371.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 371.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 371.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 371.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 371.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 371.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 343.50 237.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 343.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 343.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 343.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 343.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 343.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 343.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 343.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 314.50 237.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 314.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 314.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 314.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 314.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 314.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 314.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 314.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 286.50 237.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 286.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 286.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 286.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 286.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 286.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 286.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 286.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 258.50 237.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 258.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 258.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 258.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 258.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 258.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 258.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 258.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 230.50 237.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 230.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 230.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 230.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 230.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 230.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 230.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 230.50 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 414.5 m 352.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 414.5 m 356.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 414.5 m 421.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 414.5 m 490.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 414.5 m 494.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 414.5 m 559.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 399.5 m 287.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 414.5 m 352.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 399.5 m 352.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 414.5 m 356.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 399.5 m 356.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 414.5 m 421.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 399.5 m 421.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 399.5 m 425.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 399.5 m 490.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 399.5 m 494.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 414.5 m 559.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 399.5 m 559.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 258.5 m 287.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 245.5 m 287.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 243.5 m 287.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 258.5 m 352.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 245.5 m 352.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 243.5 m 352.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 258.5 m 356.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 245.5 m 356.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 243.5 m 356.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 258.5 m 421.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 245.5 m 421.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 243.5 m 421.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 258.5 m 425.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 245.5 m 425.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 243.5 m 425.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 258.5 m 490.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 245.5 m 490.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 243.5 m 490.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 258.5 m 494.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 245.5 m 494.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 243.5 m 494.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 258.5 m 559.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 245.5 m 559.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 243.5 m 559.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 216.5 m 352.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 216.5 m 356.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 216.5 m 421.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 216.5 m 425.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 216.5 m 490.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 216.5 m 494.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 216.5 m 559.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 216.5 m 287.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 203.5 m 287.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 201.5 m 287.5 201.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 216.5 m 352.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 203.5 m 352.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 201.5 m 352.5 201.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 216.5 m 356.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 203.5 m 356.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 201.5 m 356.5 201.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 216.5 m 421.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 203.5 m 421.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 201.5 m 421.5 201.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 216.5 m 425.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 203.5 m 425.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 201.5 m 425.5 201.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 216.5 m 490.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 203.5 m 490.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 201.5 m 490.5 201.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 216.5 m 494.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 203.5 m 494.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 201.5 m 494.5 201.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 216.5 m 559.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 203.5 m 559.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 201.5 m 559.5 201.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.75 429.17 Td (Three Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.10 419.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.70 429.17 Td (Nine Months Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.10 419.17 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 404.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.50 404.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.50 404.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.50 404.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 390.07 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.00 390.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.95 390.07 Td (\(1,332,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.30 390.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 390.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.80 390.12 Td (\(558,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 390.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 390.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.95 390.07 Td (\(5,025,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.30 390.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 390.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.95 390.07 Td (\(4,724,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.30 390.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 376.07 Td (Non-cash stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.75 376.07 Td (1) Tj ET Q q 0 0 0 rg BT 312.75 376.07 Td (18,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 376.07 Td (182,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.75 376.07 Td (468,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.75 376.07 Td (509,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 362.07 Td (Non-cash stock issued for payment of services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.75 362.07 Td (31,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 362.07 Td (60,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.75 362.07 Td (93,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.75 362.07 Td (143,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 348.07 Td (\(Gain\) loss on disposal of equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.80 348.07 Td (6,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.80 348.12 Td (\(1,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 348.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 348.07 Td (5,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.45 348.07 Td (\(5,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.30 348.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 334.07 Td (\(Gain\) loss on settlement of acquisition costs payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.45 334.07 Td (\(84,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.30 334.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 334.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.45 334.07 Td (\(84,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.30 334.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.45 334.07 Td (\(10,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.30 334.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 319.17 Td (Increase \(decrease\) in value of acquisition costs payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.80 319.17 Td (6,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 319.17 Td (193,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.45 319.17 Td (\(618,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.30 319.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.75 319.17 Td (335,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 305.07 Td (Legal expense accrual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.75 305.07 Td (500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 305.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.75 305.07 Td (500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.30 305.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 291.07 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.75 291.07 Td (370,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 291.07 Td (374,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.75 291.07 Td (846,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.25 291.07 Td (1,095,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 277.07 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.75 277.07 Td (90,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 277.07 Td (15,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.75 277.07 Td (147,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.75 277.07 Td (45,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 263.07 Td (Change in fair value of derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.30 263.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.80 263.12 Td (\(45,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 263.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.75 263.07 Td (1) Tj ET Q q 0 0 0 rg BT 455.75 263.07 Td (1,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.45 263.07 Td (\(36,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.30 263.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 249.07 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.00 249.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.45 249.07 Td (\(294,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.30 249.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 249.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 249.07 Td (220,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 249.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.95 249.07 Td (\(3,656,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.30 249.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 249.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.95 249.07 Td (\(2,646,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.30 249.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 221.07 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.00 221.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.25 221.07 Td (5,780,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 221.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.60 221.07 Td (7,089,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 221.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.25 221.07 Td (13,798,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 221.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.25 221.07 Td (17,637,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 207.07 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 127.72 207.07 Td ( as a % of Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.95 207.07 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.30 207.07 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 207.07 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 207.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.95 207.07 Td (\(26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.30 207.07 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.95 207.07 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.30 207.07 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 167.00 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 175.68 167.00 Td (ces) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.00 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 143.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 143.00 Td (e had cash and cash equivalents of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.86 143.00 Td ($3,864,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.86 143.00 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.02 143.00 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.29 143.00 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.82 143.00 Td ($3,906,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.82 143.00 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.00 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 131.00 Td (, a decrease of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.27 131.00 Td ($42,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.77 131.00 Td (, primarily due to the funding of our operating losses.) Tj ET Q q 0 0 0 rg BT 436.66 131.00 Td (W) Tj ET Q q 0 0 0 rg BT 445.29 131.00 Td (e have incurred significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.00 Td (net losses and negative cash flow from operations for most periods since our inception, which has resulted in a total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.00 Td (accumulated deficit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.90 107.00 Td ($52,401,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.90 107.00 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.12 107.00 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.38 107.00 Td (. ) Tj ET Q q 0 0 0 rg BT 291.70 107.00 Td (T) Tj ET Q q 0 0 0 rg BT 297.11 107.00 Td (o date, we have financed our operations through internally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.00 Td (generated revenue from operations and the sale and exercise of our equity securities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.00 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 71.00 Td (Cash used for operating activities was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.40 71.00 Td ($4,157,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.40 71.00 Td ( during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.23 71.00 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.39 71.00 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.27 71.00 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.54 71.00 Td ( and is the result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.00 Td (of expenses exceeding our revenues. Cash used for investing activities was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.13 59.00 Td ($638,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.63 59.00 Td ( during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.46 59.00 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.62 59.00 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.00 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.26 47.00 Td ( due to internal costs related to the development of our proprietary software and purchases of computer and ) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 742.10 Td (fice equipment. Cash provided by financing activities during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.08 742.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.25 742.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.12 742.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.39 742.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.94 742.10 Td ($4,754,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.94 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (which consisted primarily of net proceeds received from our public securities of) Tj ET Q q 0 0 0 rg BT 369.99 730.10 Td (ferings during the quarter ended September 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 694.10 Td (On July 26, 2018, we completed our mer) Tj ET Q q 0 0 0 rg BT 249.40 694.10 Td (ger with ) Tj ET Q q 0 0 0 rg BT 284.76 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 290.17 694.10 Td (apInfluence. Pursuant to the mer) Tj ET Q q 0 0 0 rg BT 420.23 694.10 Td (ger agreement, we will pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 682.10 Td (apInfluence stockholders an additional $4,500,000 in the form of cash, common stock or a combination thereof, at our option, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (in two installments - $1,000,000 six months after the closing date and $3,500,000 twelve months after the closing date of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (mer) Tj ET Q q 0 0 0 rg BT 65.37 658.10 Td (ger) Tj ET Q q 0 0 0 rg BT 77.58 658.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 634.10 Td (On July 30, 2018, we paid $333,333 for the second annual installment due under ZenContent Stock Purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Agreement. Of this amount $1) Tj ET Q q 0 0 0 rg BT 171.55 622.10 Td (1) Tj ET Q q 0 0 0 rg BT 176.18 622.10 Td (1,1) Tj ET Q q 0 0 0 rg BT 188.31 622.10 Td (1) Tj ET Q q 0 0 0 rg BT 192.93 622.10 Td (1 was paid in cash and $222,222 was paid using 98,765 shares of our common stock valued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (at $2.25 per share using a thirty \(30\) trading day volume-weighted average closing price as reported by the NASDAQ Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Market prior to the issuance date. On July 30, 2019, we will be required to make the third and final annual installment payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (of $333,334 in the form of either cash or additional shares of our common stock \(determined at our option\) as long as at least a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (minimum of 33% is paid in the form of cash. ) Tj ET Q q 0 0 0 rg BT 232.29 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 240.93 574.10 Td (e are also required to pay contingent performance payments of $90,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (pursuant to the ZenContent Stock Purchase ) Tj ET Q q 0 0 0 rg BT 224.97 562.10 Td (Agreement, as amended, $45,000 of which was due and paid in cash on November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (1, 2018, and $45,000 in cash or stock, at our option, due on November 1, 2019. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 526.10 Td (e have a secured credit facility agreement with ) Tj ET Q q 0 0 0 rg BT 283.25 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 291.89 526.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 317.71 526.10 Td (Alliance Bank, the parent company of Bridge Bank, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (National ) Tj ET Q q 0 0 0 rg BT 86.38 514.10 Td (Association. Pursuant to this agreement, we may submit requests for funding up to 80% of our eligible accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (receivable up to a maximum credit limit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.83 502.10 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.22 502.10 Td (. Ef) Tj ET Q q 0 0 0 rg BT 279.48 502.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 308.63 502.10 Td (August 30, 2018, as a result of IZEA's mer) Tj ET Q q 0 0 0 rg BT 479.67 502.10 Td (ger with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 490.10 Td (apInfluence, Inc., the Company entered into a Business Financing Modification ) Tj ET Q q 0 0 0 rg BT 375.61 490.10 Td (Agreement and Consent with ) Tj ET Q q 0 0 0 rg BT 494.85 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 503.49 490.10 Td (estern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Alliance Bank to add ) Tj ET Q q 0 0 0 rg BT 137.02 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 142.43 478.10 Td (apInfluence, Inc. as an additional borrower on the credit facility) Tj ET Q q 0 0 0 rg BT 396.95 478.10 Td (. ) Tj ET Q q 0 0 0 rg BT 401.40 478.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.84 478.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.10 478.10 Td (, we had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td ($1,733,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 466.10 Td ( outstanding under this agreement. ) Tj ET Q q 0 0 0 rg BT 234.97 466.10 Td (Assuming that all of our accounts receivable balance was eligible for funding, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (had remaining available credit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.66 454.10 Td ($3,266,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.66 454.10 Td ( under the agreement as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.95 454.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.21 454.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 430.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 135.90 430.10 Td (, on July 2, 2018 and September 21, 2018, we completed two separate underwritten public of) Tj ET Q q 0 0 0 rg BT 507.58 430.10 Td (ferings for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (the sale of 3,556,000 and 1,407,333 shares of our common stock at a public of) Tj ET Q q 0 0 0 rg BT 363.09 418.10 Td (fering price of $1.00 and $1.50 per share, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 406.10 Td (The net proceeds for all shares sold by us in the public of) Tj ET Q q 0 0 0 rg BT 331.13 406.10 Td (ferings were approximately $4.9 million after deducting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (underwriting discounts and commissions and estimated of) Tj ET Q q 0 0 0 rg BT 282.01 394.10 Td (fering expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 370.10 Td (ith the cash on hand after our 2018 financings and the expected additional revenue potential and operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 358.10 Td (ficiencies after our mer) Tj ET Q q 0 0 0 rg BT 150.41 358.10 Td (ger with ) Tj ET Q q 0 0 0 rg BT 185.78 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 191.19 358.10 Td (apInfluence in July 2018, along with our available credit line with ) Tj ET Q q 0 0 0 rg BT 457.60 358.10 Td (W) Tj ET Q q 0 0 0 rg BT 466.24 358.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 492.06 358.10 Td (Alliance Bank, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (we expect to have suf) Tj ET Q q 0 0 0 rg BT 136.45 346.10 Td (ficient cash reserves and financing sources available to cover expenses at least through the third quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (2019, although this is dependent, in part, upon a continued upward trend towards profitability from operations. However) Tj ET Q q 0 0 0 rg BT 534.21 334.10 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (do not currently have enough cash to pay our future obligations relating to our acquisitions of ZenContent and ) Tj ET Q q 0 0 0 rg BT 493.05 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 498.46 322.10 Td (apInfluence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (obligations as they become due in January 2019 and July 2019. ) Tj ET Q q 0 0 0 rg BT 305.33 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 313.96 310.10 Td (e intend to rely on our ability to issue shares of our common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (stock as payment, but if we are limited in our ability to issue shares, cannot raise additional cash through our operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (borrowing on our credit facilities, or through a sale of our equity or equity linked securities to pay for these future obligations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (we will need to significantly slow or pause our business activities and reduce expenses until such time as we are able to raise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (additional capital or perhaps even cease the operation of our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 238.10 Td (e are currently exploring potential financing options that may be available to us. However) Tj ET Q q 0 0 0 rg BT 453.56 238.10 Td (, we have no commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (to obtain any additional funds, and there can be no assurance such funds will be available on acceptable terms or at all. If we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (are unable to obtain additional financing in a timely fashion and on terms acceptable to us, or do not attain profitability through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (operations, our financial condition and results of operations may be materially adversely af) Tj ET Q q 0 0 0 rg BT 413.87 202.10 Td (fected and we may not be able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (continue operations. ) Tj ET Q q 0 0 0 rg BT 133.41 190.10 Td (These and other factors raise substantial doubt about our ability to continue as a going concern for one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (year from the issuance of the accompanying financial statements. ) Tj ET Q q 0 0 0 rg BT 313.61 178.10 Td (The financial statements accompanying this report do not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (include any adjustments that might be necessary should we be unable to continue as a going concern.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Off-Balance ) Tj ET Q q 0 0 0 rg BT 104.16 130.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 129.43 130.10 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 106.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 106.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.71 106.10 Td (, we do not engage in any activities involving variable interest entities or of) Tj ET Q q 0 0 0 rg BT 492.11 106.10 Td (f-balance sheet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td () Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 742.25 Td (Accounting Policies and Use of Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (The preparation of the accompanying consolidated financial statements and related disclosures in conformity with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 76.86 706.25 Td ( requires us to make judgments, assumptions and estimates that af) Tj ET Q q 0 0 0 rg BT 340.23 706.25 Td (fect the amounts reported in the accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (consolidated financial statements and the accompanying notes.) Tj ET Q q 0 0 0 rg BT 306.13 694.25 Td (The preparation of these financial statements requires us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (make estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 207.84 682.25 Td (fect the reported amounts of assets, liabilities, revenue and expenses, and related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (disclosure of contingent assets and liabilities.On an ongoing basis, we evaluate our estimates and judgments, including those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (related to revenue recognition, tax positions and stock-based compensation. ) Tj ET Q q 0 0 0 rg BT 355.01 658.25 Td (When making these estimates and assumptions, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (consider our historical experience, our knowledge of economic and market factors and various other factors that we believe to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (be reasonable under the circumstances.) Tj ET Q q 0 0 0 rg BT 210.77 634.25 Td (Actual results may dif) Tj ET Q q 0 0 0 rg BT 299.17 634.25 Td (fer from these estimates under dif) Tj ET Q q 0 0 0 rg BT 433.67 634.25 Td (ferent assumptions or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (conditions.) Tj ET Q q 0 0 0 rg BT 98.98 622.25 Td (The following critical accounting policies are significantly af) Tj ET Q q 0 0 0 rg BT 343.44 622.25 Td (fected by judgments, assumptions and estimates used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (in the preparation of the financial statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (Accounts Receivable and Concentration of Credit Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 562.25 Td (Accounts receivable are customer obligations due under normal trade terms. Uncollectibility of accounts receivable is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (not significant since most customers are bound by contract and are required to fund us for all the costs of an opportunity or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td ("assignment," defined as an order created by a marketer for a creator to develop or share content on behalf of a marketer) Tj ET Q q 0 0 0 rg BT 530.73 538.25 Td (. If a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (portion of the account balance is deemed uncollectible, we will either write-of) Tj ET Q q 0 0 0 rg BT 362.48 526.25 Td (f the amount owed or provide a reserve based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (the uncollectible portion of the account. ) Tj ET Q q 0 0 0 rg BT 211.71 514.25 Td (The Company controls credit risk through credit approvals, credit limits and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (monitoring procedures. ) Tj ET Q q 0 0 0 rg BT 145.63 502.25 Td (W) Tj ET Q q 0 0 0 rg BT 154.27 502.25 Td (e perform credit evaluations of our customers but generally do not require collateral to support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (accounts receivable. ) Tj ET Q q 0 0 0 rg BT 133.38 490.25 Td (W) Tj ET Q q 0 0 0 rg BT 142.02 490.25 Td (e determine the collectibility of accounts by regularly evaluating individual customer receivables and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (considering a customer) Tj ET Q q 0 0 0 rg BT 143.12 478.25 Td () Tj ET Q q 0 0 0 rg BT 145.90 478.25 Td (s financial condition, credit history and current economic conditions. ) Tj ET Q q 0 0 0 rg BT 423.70 478.25 Td (W) Tj ET Q q 0 0 0 rg BT 432.33 478.25 Td (e have a reserve of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.79 478.25 Td ($317,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.29 478.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (doubtful accounts as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.53 466.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.80 466.25 Td (. ) Tj ET Q q 0 0 0 rg BT 230.62 466.25 Td (W) Tj ET Q q 0 0 0 rg BT 239.25 466.25 Td (e believe that this estimate is reasonable, but there can be no assurance that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (estimate will not change as a result of a change in economic conditions or business conditions within the industry) Tj ET Q q 0 0 0 rg BT 503.14 454.25 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (individual customers or our Company) Tj ET Q q 0 0 0 rg BT 201.00 442.25 Td (. ) Tj ET Q q 0 0 0 rg BT 205.44 442.25 Td (Any adjustments to this account are reflected in the consolidated statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (operations as a general and administrative expense. Bad debt expense was less than 1% of revenue for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.68 430.25 Td (three and nine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.45 418.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 418.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.59 418.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.03 418.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.03 418.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (Software Development Costs and ) Tj ET Q q 0 0 0 rg BT 187.96 394.25 Td (Acquired Intangible Software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 370.25 Td (In accordance with ) Tj ET Q q 0 0 0 rg BT 164.02 370.25 Td (Accounting Standards Codification \(ASC\) 350-40,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.92 370.25 Td ( Internal Use Softwar) Tj ET Q q 0 0 0 rg BT 461.94 370.25 Td (e,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.88 370.25 Td ( we capitalize certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (internal use software development costs associated with creating and enhancing internally developed software related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (platforms. Software development activities generally consist of three stages \(i\)the research and planning stage, \(ii\)the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (application and development stage, and \(iii\)the post-implementation stage. Costs incurred in the planning and post-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (implementation stages of software development, or other maintenance and development expenses that do not meet the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (qualification for capitalization are expensed as incurred. Costs incurred in the application and infrastructure development stage, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (including significant enhancements and upgrades, are capitalized. ) Tj ET Q q 0 0 0 rg BT 315.00 298.25 Td (These costs include personnel and related employee benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (expenses for employees or consultants who are directly associated with and who devote time to software projects, and external ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (direct costs of materials obtained in developing the software. ) Tj ET Q q 0 0 0 rg BT 295.48 274.25 Td (As a result, we have capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.59 274.25 Td ($2,048,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.59 274.25 Td ( to software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (development costs in the consolidated balance sheet as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.43 262.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.69 262.25 Td (. ) Tj ET Q q 0 0 0 rg BT 367.51 262.25 Td (W) Tj ET Q q 0 0 0 rg BT 376.15 262.25 Td (e also acquired additional proprietary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (software platforms valued at $530,000 during our acquisitions of Ebyline and ZenContent. ) Tj ET Q q 0 0 0 rg BT 414.74 250.25 Td (These costs are reflected as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (intangible assets in the consolidated balance sheet as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.10 238.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.36 238.25 Td (. ) Tj ET Q q 0 0 0 rg BT 359.18 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 367.82 238.25 Td (e do not transfer ownership of our software to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (third parties. ) Tj ET Q q 0 0 0 rg BT 102.86 226.25 Td (These software development and acquired technology costs are amortized on a straight-line basis over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (estimated useful life of five years upon initial release of the software or additional features under depreciation and amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (expense in the consolidated statements of operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (Revenue Recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 154.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 154.25 Td (e derive our revenue from providing content services or managing advertising campaigns for its customers, as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (as from making our platforms available to allow customers the ability to purchase content directly from our creators, and to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (self-manage their own campaigns. Managed Services is when a marketer \(typically a brand, agency or partner\) contracts IZEA) Tj ET Q q 0 0 0 rg BT 556.19 130.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (to provide custom content, influencer marketing, amplification or other consulting services. Marketplace Spend Fees are fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 106.25 Td (ged to self-service customers on their marketplace spend within the Company's platforms. License Fees consist of fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 94.25 Td (ged to access the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 137.00 94.25 Td (IZEAx, Ebyline,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.59 94.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 220.02 94.25 Td (T) Tj ET Q q 0 0 0 rg BT 224.67 94.25 Td (apInfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.87 94.25 Td ( technology platforms. Other Fees are generated from various service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (fees char) Tj ET Q q 0 0 0 rg BT 85.63 82.25 Td (ged to users of the Company's platforms. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 58.25 Td (On January 1, 2018, the Company adopted ) Tj ET Q q 0 0 0 rg BT 259.03 58.25 Td (Accounting Standards Codification ) Tj ET Q q 0 0 0 rg BT 402.43 58.25 Td (T) Tj ET Q q 0 0 0 rg BT 407.84 58.25 Td (opic 606, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.56 58.25 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 490.22 58.25 Td (om Contracts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (with Customers \(ASC 606\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.95 46.25 Td ( using the modified retrospective method, under which comparative periods will not be restated and ) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (the cumulative ef) Tj ET Q q 0 0 0 rg BT 119.23 742.10 Td (fect of applying the standard will be recognized at the date of initial adoption on January1, 2018. Under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (modified retrospective method, the Company only applied the new standard to contracts that were not completed as of January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (1, 2018. Under ) Tj ET Q q 0 0 0 rg BT 111.94 718.10 Td (ASC 606, revenue is recognized based on a five-step model and, in doing so, more judgment and estimates may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (be required within the revenue recognition process than were required under the former rules. ) Tj ET Q q 0 0 0 rg BT 426.62 706.10 Td (The Company has reviewed its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (sources of revenue in accordance with each of the five steps in the model, which are as follows: \(i\) identify the contract with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (the customer; \(ii\) identify the performance obligations in the contract; \(iii\) determine the transaction price; \(iv\) allocate the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (transaction price to the performance obligations in the contract; and \(v\) recognize revenue when \(or as\) performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (obligations are satisfied. ) Tj ET Q q 0 0 0 rg BT 149.79 658.10 Td (The core principle of ) Tj ET Q q 0 0 0 rg BT 235.87 658.10 Td (ASC 606 is that revenue will be recognized when the transfer of promised goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (or services to customers is made in an amount that reflects the consideration to which the entity expects to be entitled in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (exchange for those goods or services. ) Tj ET Q q 0 0 0 rg BT 202.27 634.10 Td (The Company applies the five-step model to contracts when it is probable that it will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer) Tj ET Q q 0 0 0 rg BT 467.66 622.10 Td (. ) Tj ET Q q 0 0 0 rg BT 472.10 622.10 Td (At contract inception, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (once the contract is determined to be within the scope of ) Tj ET Q q 0 0 0 rg BT 277.98 610.10 Td (ASC 606, the Company assesses the goods or services promised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (within each contract and determines those that are distinct performance obligations. ) Tj ET Q q 0 0 0 rg BT 386.92 598.10 Td (The Company also determines whether it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (acts as an agent or a principal for each identified performance obligation. ) Tj ET Q q 0 0 0 rg BT 344.97 586.10 Td (The determination of whether the Company acts as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (the principal or the agent is highly subjective and requires the Company to evaluate a number of indicators individually and as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.90 Td (a whole in order to make its determination) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 219.67 560.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.17 560.90 Td (For transactions in which the Company acts as a principal, revenue is reported on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.90 Td (gross basis as the amount paid by the marketer for the purchase of content or sponsorship, promotion and other related services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.90 Td (and the Company records the amounts it pays to third-party creators as cost of revenue. For transactions in which the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.90 Td (acts as an agent, revenue is reported on a net basis as the amount the Company char) Tj ET Q q 0 0 0 rg BT 384.43 524.90 Td (ged to the self-service marketer using the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.90 Td (Company's platform, less the amounts paid to the third-party creators providing the service.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 488.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 488.90 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 488.90 Td (e maintain separate arrangements with each marketer and content creator either in the form of a master agreement or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.90 Td (terms of service, which specifies the terms of the relationship and access to its platforms, or by statement of work, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.90 Td (specifies the price and the services to be performed, along with other terms. ) Tj ET Q q 0 0 0 rg BT 354.99 464.90 Td (The transaction price is determined based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.90 Td (fixed fee stated in the statement of work and does not contain variable consideration. Marketers who contract with us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.90 Td (manage their advertising campaigns or custom content requests may prepay for services or request credit terms. Payment terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.90 Td (are typically 30 days from the invoice date. ) Tj ET Q q 0 0 0 rg BT 225.59 428.90 Td (The agreement typically provides for a cancellation fee if the agreement is canceled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.90 Td (by the customer prior to completion of services. Billings in advance of completed services are recorded as a contract liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.90 Td (until earned. ) Tj ET Q q 0 0 0 rg BT 102.30 404.90 Td (W) Tj ET Q q 0 0 0 rg BT 110.94 404.90 Td (e assess collectibility based on a number of factors, including the creditworthiness of the customer and payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.90 Td (and transaction history) Tj ET Q q 0 0 0 rg BT 140.44 392.90 Td (. ) Tj ET Q q 0 0 0 rg BT 145.26 392.90 Td (The allocation of the transaction price to the performance obligations in the contract is based on a cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.90 Td (plus methodology) Tj ET Q q 0 0 0 rg BT 121.29 380.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 356.90 Td (For Managed Services, we enter into an agreement to provide services that may include multiple distinct performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.90 Td (obligations in the form of: \(i\) an integrated marketing campaign to provide influencer marketing services, which may include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.90 Td (the provision of blogs, tweets, photos or videos shared through social network of) Tj ET Q q 0 0 0 rg BT 373.10 332.90 Td (ferings and content promotion, such as click-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.90 Td (through advertisements appearing in websites and social media channels; and \(ii\) custom content items, such as a research or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.90 Td (news article, informational material or videos. Marketers typically purchase influencer marketing services for the purpose of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.90 Td (providing public awareness or advertising buzz regarding the marketer's brand and they purchase custom content for internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.90 Td (and external use. ) Tj ET Q q 0 0 0 rg BT 119.79 284.90 Td (The Company may provide one type or a combination of all types of these performance obligations on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.90 Td (statement of work for a lump sum fee. ) Tj ET Q q 0 0 0 rg BT 205.05 272.90 Td (The Company allocates revenue to each performance obligation in the contract at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.90 Td (inception based on its relative standalone selling price. ) Tj ET Q q 0 0 0 rg BT 271.14 260.90 Td (These performance obligations are to be provided over a stated period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.90 Td (that may range from one day to one year) Tj ET Q q 0 0 0 rg BT 211.61 248.90 Td (. Revenue is accounted for when the performance obligation has been satisfied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.90 Td (depending on the type of service provided. ) Tj ET Q q 0 0 0 rg BT 223.10 236.90 Td (W) Tj ET Q q 0 0 0 rg BT 231.74 236.90 Td (e view our obligation to deliver influencer marketing services, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.90 Td (management services, as a single performance obligation that is satisfied over time as the customer receives the benefits from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.90 Td (the services. Revenue is recognized using an input method of costs incurred compared to total expected costs to measure the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.90 Td (progress towards satisfying the overall performance obligation of the marketing campaign. ) Tj ET Q q 0 0 0 rg BT 415.26 200.90 Td (The delivery of custom content ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.90 Td (represents a distinct performance obligation that is satisfied over time as we have no alternative for the custom content and we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.90 Td (have an enforceable right to payment for performance completed to date under the contracts. ) Tj ET Q q 0 0 0 rg BT 422.71 176.90 Td (The Company considers custom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.90 Td (content to be a series of distinct services that are substantially the same and that have the same pattern of transfer to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.90 Td (customer) Tj ET Q q 0 0 0 rg BT 86.25 152.90 Td (, and revenue is recognized over time using an output method based on when each individual piece of content is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.90 Td (delivered to the customer) Tj ET Q q 0 0 0 rg BT 150.80 140.90 Td (. Based on our evaluations, revenue from Managed Services is reported on a gross basis, because we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.90 Td (have the primary obligation to fulfill the performance obligations and it creates, reviews and controls the services. ) Tj ET Q q 0 0 0 rg BT 508.28 128.90 Td (W) Tj ET Q q 0 0 0 rg BT 516.92 128.90 Td (e take on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.90 Td (the risk of payment to any third-party creators and establish the contract price directly with our customers based on the services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.90 Td (requested in the statement of work.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 80.90 Td (For Marketplace Spend services, the self-service customer instructs creators found through the Company's platforms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.90 Td (to provide and/or distribute custom content for an agreed upon transaction fee. ) Tj ET Q q 0 0 0 rg BT 366.11 68.90 Td (The Company's platforms control the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.90 Td (contracting, description of services, acceptance of and payment for the requested content. ) Tj ET Q q 0 0 0 rg BT 409.95 56.90 Td (This service is used primarily by ) Tj ET Q endstream endobj 99 0 obj <>] /Rotate 0 /Contents 100 0 R>> endobj 100 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (news agencies or marketers to control the outsourcing of their content and advertising needs. ) Tj ET Q q 0 0 0 rg BT 423.32 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 431.95 742.10 Td (e char) Tj ET Q q 0 0 0 rg BT 455.92 742.10 Td (ge the self-service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (customer the transaction price plus a fee based on the contract. Revenue is recognized when the transaction is completed by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (creator and accepted by the marketer) Tj ET Q q 0 0 0 rg BT 196.86 718.10 Td (. Based on the Company's evaluations, Marketplace Spend Fee revenue is reported on a net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (basis since the Company is acting as an agent solely arranging for the third-party creator or influencer to provide the services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (directly to the self-service customer through the platform, and are typically recognized upon publishing or purchase of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (marketplace spend by the creator and verification of the publishing by the marketer) Tj ET Q q 0 0 0 rg BT 382.66 682.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.10 Td (License Fee revenue is generated through the granting of limited, non-exclusive, non-transferable licenses to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (customers for the use of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 163.30 646.10 Td (IZEAx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.85 646.10 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 208.29 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 212.93 646.10 Td (apInfluence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.13 646.10 Td ( technology platforms for an agreed-upon subscription period. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (license the platforms to manage their own influencer marketing campaigns. Fees for subscription or licensing services are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (recognized straight-line over the term of the service.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 598.10 Td (Other Fee revenue is generated when fees are char) Tj ET Q q 0 0 0 rg BT 287.38 598.10 Td (ged to customers primarily related to monthly plan fees, inactivity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (fees, and early cash-out fees. Plan fees are recognized within the month they relate to, and inactivity and early cash-out fees are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (recognized at a point in time when the account is deemed inactive or a cash-out below certain minimum thresholds is requested. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 550.10 Td (e do not typically engage in contracts that are longer than one year) Tj ET Q q 0 0 0 rg BT 360.09 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 364.91 550.10 Td (Therefore, the Company does not capitalize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (costs to obtain its customer contracts as these amounts would be generally recognized over less than one year and are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (material. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 502.10 Td (Changes in how we control and manage our platforms, our contractual terms, our business practices, or other changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (in accounting standards or interpretations, may change the reporting of our revenue. Ef) Tj ET Q q 0 0 0 rg BT 397.48 490.10 Td (fective January 1, 2018, we became ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (subject to new guidelines for disclosing and accounting for our revenue from contracts with customers. See Note 8 under Part I, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Item 1 of this Quarterly Report for further details on the Company's adoption and disclosures related to ) Tj ET Q q 0 0 0 rg BT 464.20 466.10 Td (ASC 606.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 103.61 442.10 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 418.10 Td (Stock-based compensation is measured at the grant date, based on the fair value of the award, and is recognized as an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (expense over the employee) Tj ET Q q 0 0 0 rg BT 161.34 406.10 Td (s requisite service period.) Tj ET Q q 0 0 0 rg BT 268.35 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 276.99 406.10 Td (e estimate the fair value of each stock option as of the date of grant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (using the Black-Scholes pricing model.Options typically vest ratably over four years with one-fourth of options vesting one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (year from the date of grant and the remaining optionsvesting monthly) Tj ET Q q 0 0 0 rg BT 330.11 382.10 Td (, in equal increments over the remaining three-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (periodand generally have five or ten-year contract lives.) Tj ET Q q 0 0 0 rg BT 281.10 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 289.74 370.10 Td (e estimate the fair value of our common stock using the closing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (stock price of our common stock on the date of the grant.) Tj ET Q q 0 0 0 rg BT 283.64 358.10 Td (W) Tj ET Q q 0 0 0 rg BT 292.28 358.10 Td (e estimate the volatility of our common stock at the date of grant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (based on the volatility of comparable peer companies that are publicly traded and have had a longer trading history than us. ) Tj ET Q q 0 0 0 rg BT 545.77 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 554.40 346.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (determine the expected life based on historical experience with similar awards, giving consideration to the contractual terms, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (vesting schedules and post-vesting forfeitures. ) Tj ET Q q 0 0 0 rg BT 237.55 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 246.19 322.10 Td (e use the risk-free interest rate on the implied yield currently available on U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 310.10 Td (reasury issues with an equivalent remaining term approximately equal to the expected life of the award. ) Tj ET Q q 0 0 0 rg BT 472.37 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 481.01 310.10 Td (e have never paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (any cash dividends on our common stock and do not anticipate paying any cash dividends in the foreseeable future. ) Tj ET Q q 0 0 0 rg BT 514.14 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 522.77 298.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (estimate forfeitures when recognizing compensation expense and this estimate of forfeitures is adjusted over the requisite ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (service period based on the extent to which actual forfeitures dif) Tj ET Q q 0 0 0 rg BT 306.94 274.10 Td (fer) Tj ET Q q 0 0 0 rg BT 317.64 274.10 Td (, or are expected to dif) Tj ET Q q 0 0 0 rg BT 407.42 274.10 Td (fer) Tj ET Q q 0 0 0 rg BT 418.12 274.10 Td (, from such estimates.Changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (estimated forfeitures are recognized through a cumulative catch-up adjustment, which is recognized in the period of change, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (and a revised amount of unamortized compensation expense to be recognized in future periods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 228.10 Td (The following table shows the number of options granted under our 201) Tj ET Q q 0 0 0 rg BT 373.63 228.10 Td (1 Equity Incentive Plans and the assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (used to determine the fair value of those options during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.63 216.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.22 216.10 Td ( and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.37 216.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.54 216.10 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.26 204.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 148.60 98.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 152.50 148.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 148.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 148.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 148.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 148.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 148.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 148.60000000000002 m 148.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 148.60000000000002 m 217.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 148.60000000000002 m 286.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 148.60000000000002 m 355.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 148.60000000000002 m 424.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 148.60000000000002 m 493.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 148.60000000000002 m 562.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 148.60000000000002 m 148.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 148.60000000000002 m 217.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 148.60000000000002 m 286.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 148.60000000000002 m 355.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 148.60000000000002 m 424.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 148.60000000000002 m 493.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 148.60000000000002 m 562.5 148.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.90 153.27 Td (Period Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.20 163.27 Td (T) Tj ET Q q 0 0 0 rg BT 162.96 163.27 Td (otal Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.35 153.27 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.45 173.27 Td (W) Tj ET Q q 0 0 0 rg BT 243.49 173.27 Td (eighted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.90 163.27 Td (A) Tj ET Q q 0 0 0 rg BT 243.75 163.27 Td (verage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.75 153.27 Td (Exercise Price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.45 183.27 Td (W) Tj ET Q q 0 0 0 rg BT 312.49 183.27 Td (eighted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.90 173.27 Td (A) Tj ET Q q 0 0 0 rg BT 312.75 173.27 Td (verage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.85 163.27 Td (Expected) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 153.27 Td (T) Tj ET Q q 0 0 0 rg BT 317.76 153.27 Td (erm) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.45 173.27 Td (W) Tj ET Q q 0 0 0 rg BT 381.49 173.27 Td (eighted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.90 163.27 Td (A) Tj ET Q q 0 0 0 rg BT 381.75 163.27 Td (verage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.95 153.27 Td (V) Tj ET Q q 0 0 0 rg BT 379.53 153.27 Td (olatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.45 183.27 Td (W) Tj ET Q q 0 0 0 rg BT 450.49 183.27 Td (eighted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.50 173.27 Td (A) Tj ET Q q 0 0 0 rg BT 440.35 173.27 Td (verage Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.35 163.27 Td (Free Interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 153.27 Td (Rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.45 183.27 Td (W) Tj ET Q q 0 0 0 rg BT 519.49 183.27 Td (eighted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.90 173.27 Td (A) Tj ET Q q 0 0 0 rg BT 519.75 173.27 Td (verage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.40 163.27 Td (Grant Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.90 153.27 Td (Fair ) Tj ET Q q 0 0 0 rg BT 527.42 153.27 Td (V) Tj ET Q q 0 0 0 rg BT 534.00 153.27 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 139.17 Td (December ) Tj ET Q q 0 0 0 rg BT 102.58 139.17 Td (31, ) Tj ET Q q 0 0 0 rg BT 117.58 139.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.15 139.17 Td (141,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.25 139.17 Td ($3.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.45 139.17 Td (6.0 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.05 139.17 Td (50.16%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.55 139.17 Td (2.06%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.25 139.17 Td ($1.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 125.17 Td (September ) Tj ET Q q 0 0 0 rg BT 104.26 125.17 Td (30, ) Tj ET Q q 0 0 0 rg BT 119.26 125.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.15 125.17 Td (98,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.25 125.17 Td ($1.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.45 125.17 Td (6.0 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.05 125.17 Td (63.40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.55 125.17 Td (2.77%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.25 125.17 Td ($0.96) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 97.10 Td (There were outstanding options to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.17 97.10 Td (1,066,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.17 97.10 Td ( shares with a weighted average exercise price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.69 97.10 Td ($5.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.19 97.10 Td ( per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (share, of which options to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.13 85.10 Td (788,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.63 85.10 Td ( shares were exercisable with a weighted average exercise price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.55 85.10 Td ($6.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.05 85.10 Td ( per share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.66 73.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.92 73.10 Td (. ) Tj ET Q q 0 0 0 rg BT 161.74 73.10 Td (The intrinsic value on outstanding options as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.49 73.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.76 73.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.31 73.10 Td ($31,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.81 73.10 Td (. ) Tj ET Q q 0 0 0 rg BT 492.63 73.10 Td (The intrinsic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (value on exercisable options as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.73 61.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.00 61.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.55 61.10 Td ($466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.55 61.10 Td (. ) Tj ET Q endstream endobj 101 0 obj <>] /Rotate 0 /Contents 102 0 R>> endobj 102 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 81.38 730.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 143.13 730.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.10 Td (See Note 1. Company and Summary of Significant ) Tj ET Q q 0 0 0 rg BT 295.69 706.10 Td (Accounting Policies, under Item 1 of this Quarterly Report for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (information on additional recent pronouncements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (ITEM 3 QUANTIT) Tj ET Q q 0 0 0 rg BT 140.10 658.10 Td (A) Tj ET Q q 0 0 0 rg BT 146.58 658.10 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 172.98 658.10 Td (AND QUALIT) Tj ET Q q 0 0 0 rg BT 235.86 658.10 Td (A) Tj ET Q q 0 0 0 rg BT 242.34 658.10 Td (TIVE DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 341.82 658.10 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 377.20 658.10 Td ( MARKET) Tj ET Q q 0 0 0 rg BT 424.52 658.10 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 634.10 Td (Not applicable to smaller reporting companies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (ITEM 4 CONTROLS ) Tj ET Q q 0 0 0 rg BT 152.24 598.10 Td (AND PROCEDURES ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 574.10 Td (Disclosure controls and procedures are controls and other procedures that are designed to ensure that information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (required to be disclosed by us in the reports that we file or submit under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 438.23 562.10 Td (Act of 1934, as amended \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 95.81 550.10 Td (Act\), is recorded, processed, summarized and reported within the time periods specified in the SEC) Tj ET Q q 0 0 0 rg BT 500.41 550.10 Td (s rules and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (forms.Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (information required to be disclosed by us in the reports that we file under the Exchange ) Tj ET Q q 0 0 0 rg BT 405.45 526.10 Td (Act is accumulated and communicated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (to our management, including our principal executive and principal financial of) Tj ET Q q 0 0 0 rg BT 367.76 514.10 Td (ficers, as appropriate to allow timely decisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (regarding required disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 478.10 Td (In designing and evaluating the disclosure controls and procedures, our management recognizes that any controls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (objectives, and our management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (possible controls and procedures. Furthermore, controls and procedures could be circumvented by the individual acts of some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (persons, by collusion or two or more people or by management override of the control. Misstatements due to error or fraud may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (occur and not be detected on a timely basis. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Evaluation of Disclosur) Tj ET Q q 0 0 0 rg BT 149.83 394.10 Td (e Contr) Tj ET Q q 0 0 0 rg BT 182.14 394.10 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 225.30 394.10 Td (ocedur) Tj ET Q q 0 0 0 rg BT 254.56 394.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 370.10 Td (In connection with the preparation of this Quarterly Report on Form 10-Q for the quarter ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.33 370.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.59 370.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (an evaluation was performed under the supervision and with the participation of our management including our principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 346.10 Td (ficer and principal financial of) Tj ET Q q 0 0 0 rg BT 220.39 346.10 Td (ficer to determine the ef) Tj ET Q q 0 0 0 rg BT 316.26 346.10 Td (fectiveness of the design and operation of our disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (controls and procedures \(as defined in Rules 13a-15\(e\) and 15d-15\(e\) under the Exchange ) Tj ET Q q 0 0 0 rg BT 411.82 334.10 Td (Act\) as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.75 334.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 322.10 Td (.Based on that evaluation our principal executive and principal financial of) Tj ET Q q 0 0 0 rg BT 373.88 322.10 Td (ficers concluded that our disclosure controls ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (and procedures were not ef) Tj ET Q q 0 0 0 rg BT 158.10 310.10 Td (fective as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.46 310.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.73 310.10 Td ( due to a previously disclosed material weakness in internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (over financial reporting as discussed below) Tj ET Q q 0 0 0 rg BT 222.35 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 227.17 298.10 Td (This material weakness was identified and discussed in Part II - Item 9A) Tj ET Q q 0 0 0 rg BT 520.98 298.10 Td ( - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Controls and Procedures of our ) Tj ET Q q 0 0 0 rg BT 181.36 286.10 Td (Annual Report on Form 10-K for the year ended December 31, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 268.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 268.10 Td (e identified the following material weakness in the operation of our internal control over financial reporting: we did ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (not maintain ef) Tj ET Q q 0 0 0 rg BT 110.36 256.10 Td (fective controls concerning our presentation of revenue related to certain aspects of our statement of operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (Specifically) Tj ET Q q 0 0 0 rg BT 97.11 244.10 Td (, we determined that for certain historical periods, revenue from Content ) Tj ET Q q 0 0 0 rg BT 389.33 244.10 Td (W) Tj ET Q q 0 0 0 rg BT 397.96 244.10 Td (orkflow services \(also referred to as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (Marketplace Spend and Legacy ) Tj ET Q q 0 0 0 rg BT 178.65 232.10 Td (W) Tj ET Q q 0 0 0 rg BT 187.29 232.10 Td (orkflow services\) should have been reported on a net transaction basis where the cost of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (Content ) Tj ET Q q 0 0 0 rg BT 83.98 220.10 Td (W) Tj ET Q q 0 0 0 rg BT 92.62 220.10 Td (orkflow revenues should be netted against the revenue generated from the transactions. In addition, we determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (that cost of revenue related to our Managed Services only included the direct cost of the content that was being purchased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (our customers, and did not appropriately include the cost of our internal personnel responsible for fulfilling these services. ) Tj ET Q q 0 0 0 rg BT 541.35 196.10 Td (W) Tj ET Q q 0 0 0 rg BT 549.99 196.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (historically considered and reported the cost of our campaign fulfillment personnel as part of our sales and marketing expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 160.10 Td (These errors were subsequently identified and corrected, and resulted in a restatement of the \(i\) consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (statements of operations for the years ended December 31, 2015 and 2016 and \(ii\) consolidated statements of operations for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (each quarter within the years ended December 31, 2015 and 2016, and the first three quarters for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 74.82 124.10 Td (The restated periods were included in our ) Tj ET Q q 0 0 0 rg BT 242.82 124.10 Td (Annual Report on Form 10-K for the fiscal year ended December 31, 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (The errors had no impact on our previously reported loss from operations, net loss, loss per share, or on any of the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (consolidated balance sheets, statements of cash flows, and statements of stockholders' equity) Tj ET Q q 0 0 0 rg BT 420.22 100.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 76.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 76.10 Td (o remediate the material weakness described above, we have implemented additional controls including the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (engagement of independent third-party technical accounting experts to assist management with the adoption of new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (accounting pronouncements, the review and evaluation of significant contracts, and the related financial reporting. ) Tj ET Q q 0 0 0 rg BT 509.93 52.10 Td (W) Tj ET Q q 0 0 0 rg BT 518.56 52.10 Td (e are ) Tj ET Q endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (continuing to evaluate our processes and controls after giving ef) Tj ET Q q 0 0 0 rg BT 306.13 742.10 Td (fect to the additional controls. Further processes and controls ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (may be added. ) Tj ET Q q 0 0 0 rg BT 110.35 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 118.99 730.10 Td (e believe that these measures will remediate the material weakness identified and strengthen the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (internal control over financial reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 693.75 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 162.89 693.75 Td (ol over) Tj ET Q q 0 0 0 rg BT 191.86 693.75 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 681.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 669.75 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 669.75 Td (There were no changes in our internal control over financial reporting \(as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 466.13 669.75 Td (Act Rules 13a-15\(f\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 657.75 Td (and 15d-15\(f\)\) that occurred during the quarter ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.58 657.75 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.84 657.75 Td ( that have materially af) Tj ET Q q 0 0 0 rg BT 438.84 657.75 Td (fected, or are reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 645.75 Td (likely to materially af) Tj ET Q q 0 0 0 rg BT 136.18 645.75 Td (fect, our internal control over financial reporting. ) Tj ET Q endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.55 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 232.92 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 247.01 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 253.50 742.25 Td ( II - OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 358.87 742.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 79.17 718.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 86.67 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 94.17 718.25 Td (LEGAL) Tj ET Q q 0 0 0 rg BT 128.63 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 131.13 718.25 Td (PROCEEDINGS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 682.25 Td ( On July 3, 2018, a shareholder derivative lawsuit, Korene Stuart v) Tj ET Q q 0 0 0 rg BT 355.01 682.25 Td (. Edward H. Murphy et al., case number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (A-18-777135-C was instituted in the Eighth Judicial District Court of the State of Nevada, Clark County against certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 658.25 Td (ficers and members of the Board of Directors for the Company) Tj ET Q q 0 0 0 rg BT 349.90 658.25 Td (. ) Tj ET Q q 0 0 0 rg BT 354.72 658.25 Td (The Company has been named as a nominal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (defendant. ) Tj ET Q q 0 0 0 rg BT 94.24 646.25 Td (The plaintif) Tj ET Q q 0 0 0 rg BT 140.99 646.25 Td (f seeks to recover damages on behalf of the company for purported breaches of the individual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (defendants' fiduciary duties as directors and/or of) Tj ET Q q 0 0 0 rg BT 247.11 634.25 Td (ficers of the Company) Tj ET Q q 0 0 0 rg BT 335.60 634.25 Td (, unjust enrichment, abuse of control, gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (mismanagement, and waste of corporate assets in violation of state common law) Tj ET Q q 0 0 0 rg BT 370.93 622.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 598.25 Td (From time to time, we may become involved in various lawsuits and legal proceedings that arise in the ordinary course ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (of our business. Litigation is, however) Tj ET Q q 0 0 0 rg BT 203.19 586.25 Td (, subject to inherent uncertainties, and an adverse result in these or other matters may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (arise from time to time that may harm our business. Except as disclosed under "Note 5, Commitments & Contingencies" and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td ("Note 10, Subsequent Events" to the financial statements included with this Quarterly Report on Form 10-Q, we are currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (not aware of any other legal proceedings or claims that we believe would or could have, individually or in the aggregate, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 125.88 538.25 Td (fect on us. Regardless of final outcomes, however) Tj ET Q q 0 0 0 rg BT 325.15 538.25 Td (, any such proceedings or claims may nonetheless impose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (a significant burden on management and employees and may come with costly defense costs or unfavorable preliminary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (interim rulings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 79.17 478.25 Td (1A) Tj ET Q q 0 0 0 rg BT 90.84 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 93.34 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.84 478.25 Td (RISK ) Tj ET Q q 0 0 0 rg BT 127.79 478.25 Td (F) Tj ET Q q 0 0 0 rg BT 133.16 478.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 154.09 478.25 Td (ORS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 454.25 Td (In addition to the information set forth under Item 1A) Tj ET Q q 0 0 0 rg BT 299.97 454.25 Td ( of Part I to our ) Tj ET Q q 0 0 0 rg BT 365.35 454.25 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (December31, 2017, the information set forth at the beginning of Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 435.81 442.25 Td (Analysis entitled "Special Note ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (Regar) Tj ET Q q 0 0 0 rg BT 74.07 430.25 Td (ding Forwar) Tj ET Q q 0 0 0 rg BT 124.54 430.25 Td (d-Looking Information," and updates noted below) Tj ET Q q 0 0 0 rg BT 324.09 430.25 Td (, you should consider that ther) Tj ET Q q 0 0 0 rg BT 445.93 430.25 Td (e ar) Tj ET Q q 0 0 0 rg BT 461.39 430.25 Td (e numer) Tj ET Q q 0 0 0 rg BT 493.51 430.25 Td (ous and varied ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (risks, known and unknown, that may pr) Tj ET Q q 0 0 0 rg BT 206.85 418.25 Td (event us fr) Tj ET Q q 0 0 0 rg BT 248.13 418.25 Td (om achieving our goals.If any of these risks actually occur) Tj ET Q q 0 0 0 rg BT 486.42 418.25 Td (, our business, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (financial condition or r) Tj ET Q q 0 0 0 rg BT 143.24 406.25 Td (esults of operation may be materially and adversely affected.In such case, the trading price of our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (common stock could decline and investors could lose all or part of their investment. These risk factors may not identify all risks ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (that we face and our operations could also be affected by factors that ar) Tj ET Q q 0 0 0 rg BT 338.76 382.25 Td (e not pr) Tj ET Q q 0 0 0 rg BT 369.50 382.25 Td (esently known to us or that we curr) Tj ET Q q 0 0 0 rg BT 509.95 382.25 Td (ently ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (consider to be immaterial to our operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 346.25 Td (e have a history of net losses, expect future losses and cannot assure you that we will achieve profitability) Tj ET Q q 0 0 0 rg BT 490.27 346.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 322.25 Td (W) Tj ET Q q 0 0 0 rg BT 97.64 322.25 Td (e have incurred significant net losses and negative cash flow from operations for most periods since our inception, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (which has resulted in a total accumulated deficit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.31 310.25 Td ($52,401,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.31 310.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.47 310.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.74 310.25 Td (. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.35 310.25 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.51 310.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.26 298.25 Td (, we had a net loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.91 298.25 Td ($5,025,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.91 298.25 Td (, including a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.12 298.25 Td ($4,890,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.12 298.25 Td ( loss from operations and we expect to incur a net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (loss for the fiscal year 2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 262.25 Td (W) Tj ET Q q 0 0 0 rg BT 97.64 262.25 Td (e have seen a year) Tj ET Q q 0 0 0 rg BT 170.17 262.25 Td (-over) Tj ET Q q 0 0 0 rg BT 191.07 262.25 Td (-year decrease in revenue in the three quarters of 2018 and believe revenue related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Managed Services in the fourth quarter of 2018 will also reflect a decrease year) Tj ET Q q 0 0 0 rg BT 367.72 250.25 Td (-over) Tj ET Q q 0 0 0 rg BT 388.62 250.25 Td (-year) Tj ET Q q 0 0 0 rg BT 408.60 250.25 Td (. ) Tj ET Q q 0 0 0 rg BT 413.42 250.25 Td (W) Tj ET Q q 0 0 0 rg BT 422.06 250.25 Td (e have not achieved profitability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (and cannot be certain that we will be able to realize suf) Tj ET Q q 0 0 0 rg BT 270.00 238.25 Td (ficient revenue to achieve profitability) Tj ET Q q 0 0 0 rg BT 422.62 238.25 Td (. ) Tj ET Q q 0 0 0 rg BT 427.44 238.25 Td (Therefore, we may need to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (develop a plan to raise additional capital or make further reductions in our operating expenses in order to achieve profitability) Tj ET Q q 0 0 0 rg BT 552.23 226.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 202.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.57 202.25 Td (have ) Tj ET Q q 0 0 0 rg BT 87.98 202.25 Td (raised ) Tj ET Q q 0 0 0 rg BT 115.96 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.50 202.25 Td (will ) Tj ET Q q 0 0 0 rg BT 152.49 202.25 Td (need ) Tj ET Q q 0 0 0 rg BT 174.90 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.66 202.25 Td (raise ) Tj ET Q q 0 0 0 rg BT 208.64 202.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 253.29 202.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 284.04 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 294.80 202.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 317.21 202.25 Td (our ) Tj ET Q q 0 0 0 rg BT 334.64 202.25 Td (business ) Tj ET Q q 0 0 0 rg BT 372.64 202.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 430.06 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.60 202.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 489.37 202.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 537.91 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.23 202.25 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (future ) Tj ET Q q 0 0 0 rg BT 77.96 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 95.92 190.25 Td (such ) Tj ET Q q 0 0 0 rg BT 117.77 190.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 147.94 190.25 Td (raising ) Tj ET Q q 0 0 0 rg BT 179.24 190.25 Td (may ) Tj ET Q q 0 0 0 rg BT 198.85 190.25 Td (be ) Tj ET Q q 0 0 0 rg BT 210.69 190.25 Td (costly ) Tj ET Q q 0 0 0 rg BT 236.41 190.25 Td (or ) Tj ET Q q 0 0 0 rg BT 247.70 190.25 Td (dif) Tj ET Q q 0 0 0 rg BT 258.63 190.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 282.69 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 292.87 190.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 321.38 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.34 190.25 Td (could ) Tj ET Q q 0 0 0 rg BT 364.52 190.25 Td (dilute ) Tj ET Q q 0 0 0 rg BT 390.25 190.25 Td (current ) Tj ET Q q 0 0 0 rg BT 423.21 190.25 Td (stockholders) Tj ET Q q 0 0 0 rg BT 477.47 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 479.86 190.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 525.05 190.25 Td (interests.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 166.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 166.25 Td (e have incurred losses since inception and expect to continue to incur losses until we are able to significantly grow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (our revenues. Our cash balance as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.38 154.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.64 154.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.20 154.25 Td ($3,864,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.20 154.25 Td (. On July 2, 2018 and September 21, 2018, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (completed two separate underwritten public of) Tj ET Q q 0 0 0 rg BT 236.14 142.25 Td (ferings for the sale of 3,556,000 and 1,407,333 shares of our common stock at a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (public of) Tj ET Q q 0 0 0 rg BT 85.64 130.25 Td (fering price of $1.00 and $1.50 per share, respectively) Tj ET Q q 0 0 0 rg BT 301.30 130.25 Td (. ) Tj ET Q q 0 0 0 rg BT 306.12 130.25 Td (The net proceeds for all shares sold by us in the public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 118.25 Td (ferings were approximately $5.0 million after deducting underwriting discounts and commissions and estimated of) Tj ET Q q 0 0 0 rg BT 516.75 118.25 Td (fering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (expenses. However) Tj ET Q q 0 0 0 rg BT 127.35 106.25 Td (, we expect additional financing transactions will be necessary to meet our business requirements and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (purchase obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 70.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 70.25 Td (e have seen a year) Tj ET Q q 0 0 0 rg BT 167.17 70.25 Td (-over) Tj ET Q q 0 0 0 rg BT 188.07 70.25 Td (-year decrease in revenue in the first three quarters of 2018 and believe revenue from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (Managed Services will also decrease year) Tj ET Q q 0 0 0 rg BT 216.67 58.25 Td (-over) Tj ET Q q 0 0 0 rg BT 237.57 58.25 Td (-year in the fourth quarter of 2018 due to the lower bookings received in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (fourth quarter of 2017 through the third quarter of 2018. Our revenue results from numerous individual one-time orders, which ) Tj ET Q endstream endobj 107 0 obj <>] /Rotate 0 /Contents 108 0 R>> endobj 108 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (we cannot predict with reasonable certainty) Tj ET Q q 0 0 0 rg BT 223.44 742.10 Td (. If our annual revenue continues to decline from prior year levels at a rate similar to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (or greater than the decline in the first three quarters of 2018 and future commitments do not increase, we will need additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (financing to maintain and expand our business. Such financing may not be available on favorable terms, if at all. ) Tj ET Q q 0 0 0 rg BT 502.09 718.10 Td (Any additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (capital raised through the sale of equity or equity linked securities may dilute current stockholders) Tj ET Q q 0 0 0 rg BT 445.25 706.10 Td ( ownership percentages and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (could also result in a decrease in the market value of our equity securities. ) Tj ET Q q 0 0 0 rg BT 348.33 694.10 Td (The terms of any securities issued by us in future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (capital transactions may be more favorable to new investors, and may include preferences, superior voting rights and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (issuance of warrants or other derivative securities, which may have a further dilutive ef) Tj ET Q q 0 0 0 rg BT 398.57 670.10 Td (fect on the holders of any of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (securities then outstanding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (If we are unable to obtain such additional financing on a timely basis or generate suf) Tj ET Q q 0 0 0 rg BT 423.76 634.10 Td (ficient revenues from operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (we may have to curtail our activities and growth plans, reduce expenses, and/or sell assets, perhaps on unfavorable terms, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (which would have a material adverse ef) Tj ET Q q 0 0 0 rg BT 208.64 610.10 Td (fect on our business, financial condition and results of operations, and ultimately we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (could be forced to discontinue our operations and liquidate, in which event it is unlikely that stockholders would receive any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (distribution on their shares. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 562.10 Td (In addition, we may incur substantial costs in pursuing future capital financing, including investment banking fees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (legal fees, accounting fees, securities law compliance fees, printing and distribution expenses and other costs. ) Tj ET Q q 0 0 0 rg BT 490.51 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 499.15 550.10 Td (e may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (required to bear the costs even if we are unable to successfully complete any such capital financing. ) Tj ET Q q 0 0 0 rg BT 451.33 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 459.97 538.10 Td (e may also be required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (recognize non-cash expenses in connection with certain securities we issue, such as convertible promissory notes and warrants, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (which may adversely impact our financial results.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 490.10 Td (e will need to raise additional capital to finance obligations relating to recent acquisitions if we are not able to obtain ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (stockholder approval to satisfy such obligations by payment in shares of common stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 454.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 454.10 Td (e have future purchase obligations related to our acquisitions of ZenContent in July 2016 and ) Tj ET Q q 0 0 0 rg BT 469.64 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 475.05 454.10 Td (apInfluence in July ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 74.82 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 83.46 442.10 Td (e are obligated to make certain deferred payments of the respective purchase prices of those acquisitions, which may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (made in common stock at our election. ) Tj ET Q q 0 0 0 rg BT 207.55 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 216.19 430.10 Td (e do not have enough cash to cover these current obligations and intend to rely on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (ability to issue shares of our common stock as payment, our ability to raise additional capital through the sale of equity or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (equity linked securities, or our ability to utilize or secure other debt financing to pay for our current obligations. ) Tj ET Q q 0 0 0 rg BT 499.41 406.10 Td (The issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (of a substantial number of shares of our common stock to the former stockholders of ) Tj ET Q q 0 0 0 rg BT 390.57 394.10 Td (T) Tj ET Q q 0 0 0 rg BT 395.98 394.10 Td (apInfluence or ZenContent or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (perception that such issuances may occur could cause our stock price to decline, make it more dif) Tj ET Q q 0 0 0 rg BT 439.40 382.10 Td (ficult for us to raise funds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (through future of) Tj ET Q q 0 0 0 rg BT 118.13 370.10 Td (ferings of our common stock or acquire other businesses using our common stock as consideration. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (addition, such issuance would dilute your percentage of ownership of our common stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 334.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 135.90 334.10 Td (, in order to finance these purchase obligations with issuances of our common stock, we are seeking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (stockholder approval under Nasdaq Marketplace Rules. However) Tj ET Q q 0 0 0 rg BT 310.90 322.10 Td (, we may not be successful in obtaining such stockholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (approval, in which case we may need to seek alternative sources of financing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 286.10 Td (e have been named as a defendant in securities class action and shareholder derivative lawsuits. This litigation, and any ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (other similar or related claims or investigations, could result in substantial damages and cost and may divert management) Tj ET Q q 0 0 0 rg BT 554.30 274.10 Td (s ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (time and attention from our business) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.98 262.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 238.10 Td (Soon after the announcement of a restatement of our financial statements included in our ) Tj ET Q q 0 0 0 rg BT 443.10 238.10 Td (Annual Report on Form 10-K ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (for the year ended December 31, 2017, we and certain of our of) Tj ET Q q 0 0 0 rg BT 304.16 226.10 Td (ficers and directors were named as parties in lawsuits relating to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (the restatement, which are ongoing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 190.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 190.10 Td ( securities class action lawsuit, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 218.19 190.10 Td (Julian Per) Tj ET Q q 0 0 0 rg BT 259.75 190.10 Td (ez,individually) Tj ET Q q 0 0 0 rg BT 320.30 190.10 Td (, and on behalf of all others similarly situated v) Tj ET Q q 0 0 0 rg BT 509.55 190.10 Td (. IZEA, Inc., ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (et al) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 178.10 Td (., case number 2:18-cv-02784-SVW) Tj ET Q q 0 0 0 rg BT 211.63 178.10 Td (-GJS was instituted ) Tj ET Q q 0 0 0 rg BT 291.35 178.10 Td (April 4, 2018 in the U.S. District Court for the Central District of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (California against us and certain of our executive of) Tj ET Q q 0 0 0 rg BT 257.52 166.10 Td (ficers on behalf of certain purchasers of our common stock. ) Tj ET Q q 0 0 0 rg BT 498.09 166.10 Td (The plaintif) Tj ET Q q 0 0 0 rg BT 544.83 166.10 Td (fs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (seek to recover damages for investors under federal securities laws.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 130.10 Td (On July 3, 2018, a shareholder derivative lawsuit, Korene Stuart v) Tj ET Q q 0 0 0 rg BT 350.01 130.10 Td (. Edward H. Murphy et al., case number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (A-18-777135-C was instituted in the Eighth Judicial District Court of the State of Nevada, Clark County against certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 106.10 Td (ficers and members of the Board of Directors for IZEA. IZEA) Tj ET Q q 0 0 0 rg BT 346.93 106.10 Td ( has been named as a nominal defendant. ) Tj ET Q q 0 0 0 rg BT 513.08 106.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 78.70 94.10 Td (f seeks to recover damages on behalf of the company for purported breaches of the individual defendants) Tj ET Q q 0 0 0 rg BT 501.13 94.10 Td ( fiduciary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (duties as directors and/or of) Tj ET Q q 0 0 0 rg BT 160.90 82.10 Td (ficers of IZEA, unjust enrichment, abuse of control, gross mismanagement, and waste of corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (assets in violation of state common law) Tj ET Q q 0 0 0 rg BT 207.10 70.10 Td (. ) Tj ET Q q 0 0 0 rg BT 211.92 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 220.56 70.10 Td (e believe that the plaintif) Tj ET Q q 0 0 0 rg BT 319.78 70.10 Td (f) Tj ET Q q 0 0 0 rg BT 323.66 70.10 Td () Tj ET Q q 0 0 0 rg BT 326.44 70.10 Td (s allegations are without merit and intend to vigorously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (defend against the claims.) Tj ET Q endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 135.90 742.10 Td (, on October 19, 2018, a shareholder derivative lawsuit, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 360.56 742.10 Td (Dennis E. Emond v) Tj ET Q q 0 0 0 rg BT 437.03 742.10 Td (. Edwar) Tj ET Q q 0 0 0 rg BT 468.32 742.10 Td (d H. Murphy et al.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.20 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (case number 2:18-cv-9040, was instituted in the U.S. District Court for the Central District of California against certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 718.10 Td (ficers and members of the Board of Directors for IZEA. IZEA) Tj ET Q q 0 0 0 rg BT 349.43 718.10 Td ( has been named as a nominal defendant. ) Tj ET Q q 0 0 0 rg BT 517.71 718.10 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (amended complaint was filed on October 31, 2018. ) Tj ET Q q 0 0 0 rg BT 259.49 706.10 Td (The plaintif) Tj ET Q q 0 0 0 rg BT 306.24 706.10 Td (f seeks to recover damages on behalf of the company for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (purported breaches of the individual defendants) Tj ET Q q 0 0 0 rg BT 243.35 694.10 Td ( fiduciary duties as directors and/or of) Tj ET Q q 0 0 0 rg BT 395.35 694.10 Td (ficers of IZEA, and gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (mismanagement, and under federal securities laws. ) Tj ET Q q 0 0 0 rg BT 256.41 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 265.05 682.10 Td (e believe that the plaintif) Tj ET Q q 0 0 0 rg BT 364.27 682.10 Td (f) Tj ET Q q 0 0 0 rg BT 368.15 682.10 Td () Tj ET Q q 0 0 0 rg BT 370.93 682.10 Td (s allegations are without merit and intend to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (vigorously defend against the claims.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 646.10 Td (These lawsuits, and any other similar or related claims or investigations, could result in the diversion of management) Tj ET Q q 0 0 0 rg BT 556.71 646.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (time and attention away from business operations, which could harm our business and also harm our relationships with existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (customers, vendors and business partners. ) Tj ET Q q 0 0 0 rg BT 220.06 622.10 Td (The lawsuit may also materially damage our reputation and the value of our brand. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Our legal expenses incurred in defending the lawsuit, and any other similar or related matters, could be significant, and a ruling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (against us, or any settlement, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 297.50 598.10 Td (fect on us. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 574.10 Td (There can be no assurance that any litigation to which we are, or in the future may become, a party will be resolved in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (our favor) Tj ET Q q 0 0 0 rg BT 86.38 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 91.20 562.10 Td (These lawsuits and any other lawsuits that we may become party to are subject to inherent uncertainties, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (costs to us of defending litigation matters will depend upon many unknown factors. ) Tj ET Q q 0 0 0 rg BT 386.05 550.10 Td (Any claim that is successfully decided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (against us may require us to pay substantial damages, including punitive damages, and other related fees. ) Tj ET Q q 0 0 0 rg BT 472.75 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 481.39 538.10 Td (e may also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (determine that a settlement of one or more of the actions is in the best interest of the company and its shareholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Regardless of whether lawsuits are resolved in our favor or if we are the plaintif) Tj ET Q q 0 0 0 rg BT 369.71 514.10 Td (f or the defendant in the litigation, any lawsuits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (to which we are or may become a party will likely be expensive and time consuming to defend or resolve.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Exercise of stock options, warrants and other securities will dilute your percentage of ownership and could cause our stock ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (price to fall.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.71 466.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 442.10 Td (November12, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.15 442.10 Td (, we had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.25 442.10 Td (12,073,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.25 442.10 Td ( shares of common stock issued, outstanding stock options to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (1,017,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 430.10 Td ( shares of our common stock at an average exercise price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.56 430.10 Td ($5.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.06 430.10 Td ( per share, and outstanding warrantsto purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (414,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 418.10 Td ( shares of our common stock at an average exercise price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.06 418.10 Td ($8.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.56 418.10 Td ( per share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 394.10 Td (e also have reserved shares to issue stock options, restricted stock or other awards to purchase or receive up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (298,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 382.10 Td ( shares of common stock under our May 201) Tj ET Q q 0 0 0 rg BT 260.98 382.10 Td (1 Equity Incentive Plan and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.57 382.10 Td (22,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.07 382.10 Td ( shares of common stock under our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (2014 Employee Stock Purchase Plan. In the future, we may grant additional stock options, restricted stock units, warrants and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (convertible securities, as well as issue additional shares of common stock pursuant to our obligations under the stock purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (agreements in connection with our ZenContent and ) Tj ET Q q 0 0 0 rg BT 257.26 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 262.67 346.10 Td (apInfluence acquisitions. ) Tj ET Q q 0 0 0 rg BT 364.96 346.10 Td (The exercise, conversion or exchange by holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (of stock options, restricted stock units, warrants or convertible securities for shares of common stock, and the issuance of new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (shares of common stock for past acquisition obligations, shares of common stock issued as consideration in future acquisitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (and shares of common stock issued in future equity of) Tj ET Q q 0 0 0 rg BT 266.16 310.10 Td (ferings will dilute the percentage ownership of our stockholders. Sales of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (a substantial number of shares of our common stock could cause the price of our common stock to fall and could impair our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (ability to raise capital by selling additional securities. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 79.17 238.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 86.67 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.17 238.10 Td (UNREGISTERED ) Tj ET Q q 0 0 0 rg BT 176.69 238.10 Td (SALES ) Tj ET Q q 0 0 0 rg BT 210.87 238.10 Td (OF) Tj ET Q q 0 0 0 rg BT 224.39 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.89 238.10 Td (EQUITY) Tj ET Q q 0 0 0 rg BT 265.97 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.47 238.10 Td (SECURITIES ) Tj ET Q q 0 0 0 rg BT 331.00 238.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 355.17 238.10 Td (USE ) Tj ET Q q 0 0 0 rg BT 377.12 238.10 Td (OF) Tj ET Q q 0 0 0 rg BT 390.63 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.13 238.10 Td (PROCEEDS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 214.10 Td (There have been no unregistered sales of securities during the period covered by this Form 10-Q that have not been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (previously reported in a current report on Form8-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 164.90 Td (ITEM 3 DEF) Tj ET Q q 0 0 0 rg BT 113.43 164.90 Td (AUL) Tj ET Q q 0 0 0 rg BT 133.62 164.90 Td (TS UPON SENIOR SECURITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 140.90 Td (None) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 104.90 Td (ITEM 4 MINE SAFETY) Tj ET Q q 0 0 0 rg BT 162.97 104.90 Td ( DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 80.90 Td (Not applicable) Tj ET Q endstream endobj 111 0 obj <>] /Rotate 0 /Contents 112 0 R>> endobj 112 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (53) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM 5 - OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 179.26 742.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (Not applicable.) 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Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.50 634.32 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 632.0833984375 m 538.8779296875 632.0833984375 l s q 0 0 1 rg BT 111.50 633.42 Td (Amendment No. 1 to ) Tj ET Q q 0 0 1 rg BT 197.88 633.42 Td (Agreement and Plan of Mer) Tj ET Q q 0 0 1 rg BT 309.33 633.42 Td (ger) Tj ET Q q 0 0 1 rg BT 321.70 633.42 Td (, dated as of July 20, 2018, by and among IZEA, Inc., ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 622.0833984375 m 542.544921875 622.0833984375 l s q 0 0 1 rg BT 111.50 623.42 Td (IZEA) Tj ET Q q 0 0 1 rg BT 133.72 623.42 Td ( Mer) Tj ET Q q 0 0 1 rg BT 152.70 623.42 Td (ger Sub, Inc., ) Tj ET Q q 0 0 1 rg BT 208.61 623.42 Td (T) Tj ET Q q 0 0 1 rg BT 214.02 623.42 Td (apInfluence, Inc., certain stockholders of ) Tj ET Q q 0 0 1 rg BT 379.88 623.42 Td (T) Tj ET Q q 0 0 1 rg BT 385.29 623.42 Td (apInfluence, Inc. and the stockholders) Tj ET Q q 0 0 1 rg BT 540.04 623.42 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 612.0833984375 m 546.783203125 612.0833984375 l s q 0 0 1 rg BT 111.50 613.42 Td (representative \(Incorporated by reference to Exhibit 2.2 to the Company's Current Report on Form 8-K filed ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 602.0833984375 m 239.8349609375 602.0833984375 l s q 0 0 1 rg BT 111.50 603.42 Td (with the SEC on July 30, 2018\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.50 589.32 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 587.0833984375 m 517.271484375 587.0833984375 l s q 0 0 1 rg BT 111.50 588.42 Td (Articles of Mer) Tj ET Q q 0 0 1 rg BT 172.96 588.42 Td (ger) Tj ET Q q 0 0 1 rg BT 185.33 588.42 Td (, filed with the Secretary of State of the State of Nevada ef) Tj ET Q q 0 0 1 rg BT 419.23 588.42 Td (fective ) Tj ET Q q 0 0 1 rg BT 448.38 588.42 Td (August 20, 2018 ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 577.0833984375 m 544.0390625 577.0833984375 l s q 0 0 1 rg BT 111.50 578.42 Td (\(Incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed with the SEC ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 567.0833984375 m 195.669921875 567.0833984375 l s q 0 0 1 rg BT 111.50 568.42 Td (on ) Tj ET Q q 0 0 1 rg BT 123.45 568.42 Td (August 23, 2018\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.50 554.32 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 552.0833984375 m 538.8974609375 552.0833984375 l s q 0 0 1 rg BT 111.50 553.42 Td (Amendment No. 1 to Stock Purchase ) Tj ET Q q 0 0 1 rg BT 261.76 553.42 Td (Agreement, dated as of October 21, 2016, by and among IZEA, Inc., ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 542.0833984375 m 544.9765625 542.0833984375 l s q 0 0 1 rg BT 111.50 543.42 Td (ZenContent, Inc. and the Stockholders of ZenContent, Inc. \(Incorporated by reference to Exhibit 10.1 to the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 532.0833984375 m 449.6640625 532.0833984375 l s q 0 0 1 rg BT 111.50 533.42 Td (Company's Quarterly Report on Form 10-Q filed with the SEC on ) Tj ET Q q 0 0 1 rg BT 377.44 533.42 Td (August 14, 2018\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.50 519.32 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 517.0833984375 m 523.3603515625 517.0833984375 l s q 0 0 1 rg BT 111.50 518.42 Td (Amendment No. 2 to Stock Purchase ) Tj ET Q q 0 0 1 rg BT 261.76 518.42 Td (Agreement, dated as of July 17, 2018, by and among IZEA, Inc., ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 507.0833984375 m 544.9765625 507.0833984375 l s q 0 0 1 rg BT 111.50 508.42 Td (ZenContent, Inc. and the Stockholders of ZenContent, Inc. \(Incorporated by reference to Exhibit 10.2 to the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 497.0833984375 m 449.6640625 497.0833984375 l s q 0 0 1 rg BT 111.50 498.42 Td (Company's Quarterly Report on Form 10-Q filed with the SEC on ) Tj ET Q q 0 0 1 rg BT 377.44 498.42 Td (August 14, 2018\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.50 484.32 Td (10.3) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 482.0833984375 m 547.0078125 482.0833984375 l s q 0 0 1 rg BT 111.50 483.42 Td (Employment ) Tj ET Q q 0 0 1 rg BT 165.11 483.42 Td (Agreement between IZEA, Inc. and Michael Heald ef) Tj ET Q q 0 0 1 rg BT 379.55 483.42 Td (fective ) Tj ET Q q 0 0 1 rg BT 408.70 483.42 Td (August 15, 2018 \(Incorporated by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 472.0833984375 m 550.7333984375 472.0833984375 l s q 0 0 1 rg BT 111.50 473.42 Td (reference to Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q filed with the SEC on ) Tj ET Q q 0 0 1 rg BT 504.34 473.42 Td (August 14, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 462.0833984375 m 137.330078125 462.0833984375 l s q 0 0 1 rg BT 111.50 463.42 Td (2018\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.50 449.32 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 449.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 447.0833984375 m 548.384765625 447.0833984375 l s q 0 0 1 rg BT 111.50 448.42 Td (Business Financing Modification ) Tj ET Q q 0 0 1 rg BT 246.22 448.42 Td (Agreement and Consent, dated as of ) Tj ET Q q 0 0 1 rg BT 393.12 448.42 Td (August 30, 2018, by and among IZEA) Tj ET Q q 0 0 1 rg BT 545.88 448.42 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111.5 437.0833984375 m 423.716796875 437.0833984375 l s q 0 0 1 rg BT 111.50 438.42 Td (W) Tj ET Q q 0 0 1 rg BT 120.14 438.42 Td (orldwide, Inc., Ebyline, Inc., ) Tj ET Q q 0 0 1 rg BT 237.14 438.42 Td (T) Tj ET Q q 0 0 1 rg BT 242.55 438.42 Td (apInfluence, Inc. and ) Tj ET Q q 0 0 1 rg BT 329.27 438.42 Td (W) Tj ET Q q 0 0 1 rg BT 337.91 438.42 Td (estern ) Tj ET Q q 0 0 1 rg BT 363.74 438.42 Td (Alliance Bank.) 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