Exhibit 99.3

Alsbridge Holdings, Inc. and Subsidiaries

Consolidated Financial Statements

September 30, 2016

See Notes to Consolidated Financial Statements

2

Alsbridge Holdings, Inc. and Subsidiaries

September 30, 2016

Contents

Independent Auditor’s Review Report

Board of Directors

Alsbridge Holdings, Inc.

Dallas, Texas

We have reviewed the consolidated financial statements of Alsbridge Holdings, Inc. and its subsidiaries, which comprise the balance sheet as of September 30, 2016, the related consolidated statements of operations and comprehensive income and cash flows for the nine-month periods ended September 30, 2016 and 2015, and the statement of changes in shareholders’ equity for the nine months ended September 30, 2016.

Management’s Responsibility

Management is responsible for the preparation and fair presentation of the financial information in accordance with accounting principles generally accepted in the United States of America; this responsibility includes the design, implementation and maintenance of internal control sufficient to provide a reasonable basis for the preparation and fair presentation of interim financial information in accordance with the applicable financial reporting framework.

Auditor’s Responsibility

Our responsibility is to conduct our reviews in accordance with auditing standards generally accepted in the United States of America applicable to reviews of interim financial information.  A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters.  It is substantially less in scope than an audit conducted in accordance with auditing standards generally accepted in the United States of America, the objective of which is the expression of an opinion regarding the financial information.  Accordingly, we do not express such an opinion.

Conclusion

Based on our reviews, we are not aware of any material modifications that should be made to the consolidated financial information referred to above for it to be in accordance with accounting principles generally accepted in the United States of America.

Emphasis of Matter

As discussed in Note 2 to the consolidated financial statements, the 2016 consolidated financial statements have been restated to correct misstatements. Our conclusion is not modified with respect to this matter.

Report on Condensed Balance Sheet as of December 31, 2015

We have previously audited, in accordance with auditing standards generally accepted in the United States of America, the consolidated balance sheet as of December 31, 2015, and the related consolidated statements of income, changes in stockholders’ equity and cash flows for the year then ended (not presented herein); and we expressed an unmodified audit opinion on those audited consolidated financial statements in our report dated November 28, 2016. In our opinion, the accompanying condensed consolidated balance sheet of Alsbridge Holdings, Inc and its subsidiaries as of December 31, 2015, is consistent, in all material respects, with the audited consolidated financial statements from which it has been derived.

/s/ BKD, LLP

Dallas, Texas

November 28, 2016, except for Note 2, as to which the date is February 16, 2017.

Alsbridge Holdings, Inc. and Subsidiaries

Consolidated Balance Sheets

(Unaudited)

Assets

See Notes to Consolidated Financial Statements

2

Alsbridge Holdings, Inc. and Subsidiaries

Consolidated Balance Sheets (Continued)

(Unaudited)

Liabilities and Shareholders’ Equity

See Notes to Consolidated Financial Statements

3

Alsbridge Holdings, Inc. and Subsidiaries

Consolidated Statements of Operations and Comprehensive Income

(Unaudited)

See Notes to Consolidated Financial Statements

4

Alsbridge Holdings, Inc. and Subsidiaries

Statement of Changes in Shareholders’ Equity

(Unaudited)

Nine Months Ended September 30, 2016

See Notes to Consolidated Financial Statements

5

Alsbridge Holdings, Inc. and Subsidiaries

Consolidated Statements of Cash Flows

(Unaudited)

See Notes to Consolidated Financial Statements

6

Alsbridge Holdings, Inc. and Subsidiaries

Consolidated Statements of Cash Flows (Continued)

(Unaudited)

See Notes to Consolidated Financial Statements

7

Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

Note 1:                                     Nature of Operations and Summary of Significant Accounting Policies

Nature of Operations

Alsbridge Holdings, Inc. (Alsbridge) and its wholly owned subsidiaries (collectively, the Company) provide consulting services aimed to assist customers to outsource various functions in their organization, such as IT, human resources and technology call centers.  The Company also offers other solutions such as benchmarking, insourcing, program management, robotic process automation, network cost optimization and transformation services and shared services related to the IT function to improve efficiency within customers’ businesses.

During 2012, the Company completed a reorganization among Alsbridge Holdings, Inc.,  Alsbridge, Inc., Alsbridge Merger Sub, Inc. (newly formed), LLR Equity Partners III, L.P. and LLR Equity Partners Parallel III, L.P., which resulted in the purchase of Alsbridge, Inc. by Alsbridge Holdings, Inc.  Effective at the time of the reorganization, all the prior issued and outstanding shares of common stock and preferred stock of Alsbridge, Inc. were cancelled and cash payments were made to the prior stockholders and option holders as consideration.  Subsequent to the reorganization, Alsbridge Holdings, Inc. became the parent of Alsbridge, Inc.  Simultaneous with the merger, the Company was authorized to issue new shares of common stock, whereby LLR Equity Partners III, L.P. and LLR Equity Partners Parallel III, L.P. (collectively, LLR) through its ownership of Alsbridge Holdings, Inc., acquired all 100 shares of newly authorized common stock of Alsbridge, Inc.  In connection with this transaction LLR Equity Partners III, L.P., LLR Equity Partners Parallel III, L.P., and certain other persons purchased 504,926 shares of Alsbridge Holdings, Inc. Series A Preferred Stock and 75,074 shares of Alsbridge Holdings, Inc. common stock (of these shares, 4,926 shares of Alsbridge Holdings, Inc. Series A Preferred Stock and all 75,074 shares of common stock are restricted shares subject to Restricted Stock Agreements), and John Benjamin Trowbridge contributed 10,000,000 shares of the Company’s existing common stock and 3,001,221 shares of the Company’s prior Series A Preferred Stock to Alsbridge Holdings, Inc. in exchange for 288,642 shares of Alsbridge Holdings, Inc. prior Series A Preferred Stock and 41,358 existing shares of common stock.  LLR also provided the Company a credit facility under which up to a maximum of $10,000,000 may be borrowed (see Note 11).  The Company accounted for the purchase of Alsbridge, Inc. under the acquisition method of accounting whereby the purchase price was allocated to assets acquired and liabilities assumed based on their estimated fair value at the date of the acquisition.

On April 30, 2014, the Company reached a settlement with Alsbridge, Inc.’s former shareholders with respect to their disputes relating to the Company’s Agreement and Plan of Merger, dated December 31, 2012, and in furtherance thereof, entered into settlement agreements and mutual release of claims with the Company’s former shareholders.  In connection with the settlement transaction, one of the sellers contributed back to the Company Series A Preferred Stock with an estimated fair value of approximately $14,300,000 and issued $500,000 of Series B Preferred Stock to the seller.  Additionally one of the sellers contributed $1,000,000 in cash, and Alsbridge paid $2,000,000 in cash to one of the sellers.  In connection with the settlement, all amounts due under the purchase agreement, totaling approximately $7,800,000, were settled in full.  The Company also reaffirmed its intention to pay $550,000 accrued bonuses in quarterly amounts through December 2015.

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

On April 30, 2014, in connection with the settlement discussed above, the Company transferred 100% of the membership interests in its subsidiary, Outsourcing Center, LLC, to one of the former shareholders.  The revenues and operations of this entity were not material to the Company.

The Company accounted for the net impact of this settlement transaction as a redemption of preferred stock.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of Alsbridge Holdings, Inc. and its wholly owned subsidiaries, Alsbridge, Inc., Telwares, Inc., Vercuity Solutions, LLC, Thompson Advisory Group, LLC (TAG), Outsourcing Leadership Corp., Alsbridge Ltd (formerly ProBenchmark Ltd), Alsbridge Advisory Private Ltd, ProBenchmark Outsourcing Solutions Private Limited, Alsbridge GmbH, Alsbridge Canada, Inc., Accomplished Sourcing Limited, and Alsbridge ANZ PTY Ltd.  All significant intercompany accounts and transactions have been eliminated in consolidation.

Use of Estimates and Assumptions

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

Cash and Cash Equivalents

The Company considers all liquid investments with original maturities of three months or less to be cash equivalents.  At September 30, 2016 and December 31, 2015, cash equivalents consisted primarily of money market accounts.

At September 30, 2016, the Company’s U.S cash accounts exceeded federally insured limits by approximately $2,144,000, and the Company’s foreign cash accounts exceeded insured limits by approximately $89,000.

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

Accounts Receivable and Unbilled Revenue

Accounts receivable, representing amounts due from customers, are generally unsecured and are stated at the amount the Company expects to collect.  Interest is generally not charged on overdue receivables.  Unbilled revenue represents amounts that have been earned, but have not yet been billed because of contractual terms.  The Company estimates an allowance for doubtful accounts based on the credit-worthiness of its customers as well as general economic considerations.  Consequently, an adverse change in these factors could affect the Company’s estimate of its bad debts and additional allowances may be required.  At September 30, 2016 and 2015, there was no allowance for doubtful accounts.  The Company has approximately $900,000 of unbilled receivables from one customer for which a lawsuit has been filed in order to enforce collection of this amount.  Management believes that this receivable will be collected and accordingly no allowance for doubtful accounts has been recorded for this amount.

Property and Equipment

Property and equipment acquisitions are stated at cost less accumulated depreciation and amortization.  Depreciation and amortization of property and equipment is calculated on a straight-line basis over the estimated useful lives of the assets.  Assets acquired under capital leases are amortized on a straight-line basis over the shorter of the lease term or useful life of the asset.  Leasehold improvements are amortized over the lesser of the estimated useful lives of the assets or the remaining term of the related lease.  Estimated useful lives are as follows:

Expenditures for major renewals and betterments that extend the useful lives of property and equipment are capitalized.  Expenditures for maintenance and repairs are charged to expense as incurred.

Internal Use Software

The Company capitalizes certain costs associated with software purchased or developed for internal use.  The majority of costs incurred are third-party contractor development costs.  Internal costs capitalized are limited to the direct time and costs directly associated with the related software.  Costs associated with preliminary project stage activities, training, maintenance and all other post implementation stage activities are expensed as incurred.  The Company also expenses costs related to upgrades and enhancements, as it is impractical to separate these costs from normal maintenance activities.

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

Derivatives

Derivatives are recognized as assets and liabilities on the consolidated balance sheets and measured at fair value.  For exchange-traded contracts, fair value is based on quoted market prices.  For nonexchange traded contracts, fair value is based on dealer quotes, pricing models, discounted cash flow methodologies or similar techniques for which the determination of fair value may require significant management judgment or estimation.  Management has determined to account for its hedging instruments as cash flow hedges and accordingly the unrealized gain or loss at period ends is recorded within comprehensive income or loss.

Goodwill

The excess aggregate purchase price, including assumed liabilities, over the fair value of the net tangible and specifically identifiable intangible assets acquired in a business combination is recorded as goodwill.

Goodwill and indefinite-lived intangibles are evaluated annually for impairment or more frequently if impairment indicators are present.  A qualitative assessment is performed to determine whether the existence of events or circumstances leads to a determination that it is more likely than not the fair value of the reporting unit or indefinite-lived intangible asset is less than its carrying amount.  If, based on the evaluation, it is determined to be more likely than not that the fair value is less than the carrying value, then the goodwill or indefinite-lived intangible is tested further for impairment.  If the implied fair value of goodwill or the fair value of the indefinite-lived intangible is lower than their carrying amounts, an impairment loss is recognized in an amount equal to the difference.  Subsequent increases in value are not recognized in the financial statements.

There was no impairment of goodwill during the nine months ended September 30, 2016 and 2015.

Intangible Assets

Intangible assets with finite lives are being amortized using either the straight-line or an accelerated basis over the useful life of the asset.  Such assets are periodically evaluated as to the recoverability of their carrying values.

The estimated useful lives for each intangible asset classification are as follows:

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

Long-lived Asset Impairment

The Company evaluates the recoverability of the carrying value of long-lived assets whenever events or circumstances indicate the carrying amount may not be recoverable.  If a long-lived asset is tested for recoverability and the undiscounted estimated future cash flows expected to result from the use and eventual disposition of the asset is less than the carrying amount of the asset, the asset cost is adjusted to fair value and an impairment loss is recognized as the amount by which the carrying amount of the long-lived asset exceeds its fair value.

No asset impairment was recognized during the nine months ended September 30, 2016 or 2015.

Income Taxes

The Company accounts for income taxes in accordance with income tax accounting guidance Accounting Standards Codification 740, Income Taxes.  The income tax accounting guidance results in two components of income tax expense:  current and deferred.  Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues.  The Company determines deferred income taxes using the liability (or balance sheet) method.  Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax basis of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur.

Deferred income tax expense results from changes in deferred tax assets and liabilities between periods.  Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more-likely-than-not that some portion or all of a deferred tax asset will not be realized.

Uncertain tax positions are recognized if it is more-likely-than-not, based on the technical merits, that the tax position will be realized or sustained upon examination.  The term more-likely-than-not means a likelihood of more than 50%; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any.  A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information.  The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to the management’s judgment.

The Company recognizes interest and penalties on income taxes as a component of income tax expense.

Deferred Financing Costs

Deferred financing costs represent costs incurred in connection with the issuance of long-term debt. Such costs are amortized over the term of the respective debt using the effective interest method.

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

During the nine months ended September 30, 2016 and 2015, amortization expense for deferred financing costs was $11,938 for each period.

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

Deferred Rent

Certain of the Company’s operating leases for its offices contain free rent periods and contains predetermined fixed increases of the minimum rental rate during the initial lease term.  For these leases, the Company recognizes rental expense on a straight-line basis over the minimum lease term and records the difference between the amounts charged to expense and the rent paid as deferred rent.  In addition, during 2015 the Company received approximately $394,000 of allowances for leasehold improvements for its U.S. corporate office location.  These improvements were recorded as deferred rent and property and equipment.  This portion of deferred rent is amortized using the straight line method as an offset to rent expense over the term of the related leases.

Revenue Recognition

The Company recognizes revenue when the following criteria are met:  persuasive evidence of an arrangement exists, delivery has occurred, the price to the buyer is fixed or determinable and collectability is reasonably assured.

Revenue resulting from time and materials based consulting contracts is recorded as the labor and material costs are incurred.  Revenue resulting from fixed fee consulting contracts is recognized as services are provided, based on estimates of revenue earned to total contract revenue.  The estimate of revenue earned to total contract revenue is determined primarily based on labor hours incurred to date as compared to total labor hours expected to be incurred.  All known and anticipated losses on contracts are recognized in full when such losses become known.  Changes in revenues resulting from changes in estimated hours to complete a contract are recorded in the period when the change in hours become known.

The Company earns a significant portion of its revenue based on negotiating reductions in network costs of companies with the entity’s related service providers and providing other services such as audits of network and communication expenses, and consultation for network architecture.  These contracts can be fixed in fees or can be based on the level of savings achieved related to its communications costs.  Additionally, these contracts can also have a fixed component and a component that is based on the savings generated by the Company.  For these contracts, the Company records the fixed fees using the milestone method of accounting such that revenues are recorded over the period of the delivery of the services.  Revenues that are determined based on a percentage of the ultimate level of savings are considered earned and recorded as revenues when the work has been completed, and the savings and resulting revenues can be determined.  The Company does not defer any costs incurred related to services which revenues are determined based on the ultimate savings.  The contract periods range from a few months to in excess of a year.  These revenues are included within consulting revenue in the accompanying consolidated statements of operations.

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

When the Company recognizes revenues in advance of billing, those revenues are recorded as unbilled revenues.  When the Company receives cash in advance of completing services or earning revenues, those amounts are recorded as unearned revenues.

Other fee revenues include those earned under subscription agreements, which give customers access to the Company’s benchmarking data.  Such revenue is recognized ratably over the subscription period and included in other fees in the accompanying consolidated statements of income.

The Company enters into arrangements for the sale of robotics software licenses and related delivery of consulting services at the same time or within close proximity to one another.  Such software related multiple-element arrangements include the sale of software licenses, PCS, and other software related services whereby software license delivery is followed by the subsequent or contemporaneous delivery of the other elements.  The Company applies ASC 985-605, Software Revenue Recognition, to account for these arrangements.  The PCS services are minimal and accordingly are not accounted for as a separate unit of accounting.  Since VSOE of the license sale revenue and other consulting service for the multiple element arrangements is not determinable and because licenses of the customer are one year in length with no other substantive PCS services, the Company records revenue for these arrangements in a straight line manner over the period that the consulting services are delivered.  Arrangements that involve only consulting services, where the licenses were purchased from another vender, are recognized similar to time and material or fixed price consulting services described above.

The Company records reimbursed expenses as revenues and records the related costs within cost of revenues.

The Company enters into arrangements that, at times, provide for multiple elements/deliverables.  Because each deliverable has standalone value, each deliverable is treated as a separate element of account for determining appropriate revenue recognition timing.  Revenue on each unit of account is recognized when that unit of account is delivered to the customer.  For these arrangements, management estimates the revenues to be allocated to each separate deliverable based on the relative costs (typically based on the hours and rate per hour) to complete each deliverable.  Separate deliverables are recorded as revenue when all applicable revenue recognition criteria have been met.

Share-based Compensation

The Company grants Alsbridge Holdings, Inc. common stock options to certain of its employees.

The Company applies the fair value recognition provisions of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 718, Share-Based Payment, which requires the Company to recognize compensation costs for all share-based payments based on their grant date fair value.  Share-based compensation is recognized on a straight-line basis over the requisite service period of the award, generally four to five years.

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

The fair value of certain share-based awards is estimated using the Black-Scholes model.  Significant judgment is required in the determination of inputs into the Black-Scholes model.  Inherent in this model are various assumptions:  estimated fair value, expected stock-price volatility, forfeiture rate, expected option life, risk-free interest rate and dividend yield.  While the risk-free interest rate and dividend yield are less subjective assumptions, typically based on factual data, the fair value of common stock, the expected stock-price volatility, forfeiture rate and option life assumptions require a greater level of judgment.

Historically, the Company has not and does not anticipate distributing dividends to common stockholders and accordingly, the Company uses a 0% dividend yield assumption for all Black-Scholes option pricing calculations.  The Company uses comparable public entity stock-price volatilities in establishing an estimate for the volatility of its common stock price.

With regard to the weighted-average option life assumption, the Company uses the simplified method which is based on the vesting period and legal term of the option.  The amount of stock-based compensation expense is net of an estimated forfeiture rate, which is also based on historical employee turnover information.

Foreign Currency Translation

The assets and liabilities of the Company’s United Kingdom, Canada, Germany and India subsidiaries are denominated in their respective local currency.  Their functional currencies are translated into U.S. dollars using rates of exchange at each balance sheet date.  Revenue and expenses are translated at weighted-average rates of exchange in effect during the period earned.  The cumulative effect resulting from such translation is recorded as accumulated other comprehensive income (loss).

Comprehensive Income (Loss)

Comprehensive income (loss) consists of net income (loss) and other comprehensive income (loss).  Other comprehensive income (loss) includes foreign currency translation adjustments and the change in fair value of the interest rate swap agreement.

Note 2:                                     Restatement

The financial statements as of and for the nine months ended September 30, 2016, have been restated for various accounts. The restatement corrects, revenue reported and related unbilled accounts receivable. The income tax impacts for these adjustments and other amounts have also been recorded.

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

The following tables illustrate the corrections as associated with certain line items in the financial statements:

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

Note 3:                                     Business Acquisition

On April 14, 2015, the Company entered into an agreement with Accomplished Sourcing Limited (Source) to acquire all outstanding equity interests for approximately $1,600,000.  Source is a UK based consulting and advisory company.  Source provides advisory services similar to those offered by the Company. Approximately $300,000 of the cash used to purchase the business was used from available cash within the business that was acquired.  The purchase agreement provides for an additional earn out that could be earned by the sellers based on exceeding a threshold Consolidated EBITDA as defined in the purchase agreement of approximately $1.2 million.  The earnout period was from April 1, 2015 through March 31, 2016.  Management concluded at the purchase date that it was unlikely that any earn out amount would be earned.  No amounts were earned under the earnout provisions.

The Company incurred approximately $253,000 of third-party acquisition-related costs.  The expenses are included in operating expenses.

Goodwill of $92,626 arising from the acquisition consists largely of the establishment of an advisory talent presence in the European region.  All of this amount is expected to be deductible for income tax reporting purposes.

The following table summarizes the consideration paid for Source and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date:

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

The fair value of the assets acquired includes receivables with a fair value of $1,231,747.

Note 4:                                     Share-based Compensation

In June 2013, the Company’s board of directors approved the adoption of a stock option plan (Plan) which authorized the grant of options and issuance of shares to eligible employees to purchase Alsbridge Holdings, Inc. common stock. The option plan is administered by the board of directors, who determine the number of shares for which options will be granted, the effective date of the grant, the option price and the vesting schedule. The contractual term of the options is 10 years. The exercise price for the options is generally established at an amount that approximates the fair value of the Alsbridge Holdings Inc. common stock. The options generally vest over a five-year term.

During the nine months ended September 30, 2016 and 2015, options granted to employees were estimated to have a fair value of approximately $184,000 and $244,000, respectively.  The value was determined using the Black-Scholes valuation model with the following weighted-average assumptions for the nine months ended September 30, 2016, and 2015: no dividend payments expected; expected option lives of 7.5 years for both periods, volatility of 49.60% for both periods and a risk-free interest rate of 1.86% for both periods.  Compensation expense recorded for the nine

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

months ended September 30, 2016 and 2015, for these options was $104,424 and $58,160, respectively.

The remaining stock based compensation expense to be recorded as of September 30, 2016, is approximately $344,000 and that cost is expected to be recognized over a remaining weighted average vesting period of approximately 3 years.

The Board may terminate the Plan without shareholder approval or ratification at any time.  Unless terminated sooner, the Plan will terminate in December 2016.  The Board may also amend the Plan, provided that no amendment will be effective without approval of the Company’s shareholders if shareholder approval is required to satisfy any applicable statutory or regulatory requirements.

If an award expires or terminates unexercised or is forfeited to the Company, or shares covered by an award are used to fully or partially pay the exercise price of an option granted under the Plan or shares are retained by the Company to satisfy tax withholding obligations in connection with an option exercise or the vesting of another award, those shares will become available for further awards under the Plan.

At September 30, 2016, there are 308,610 options outstanding under the Plan and 27,887 options available for future grants.

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

A summary of option activity under the Plan which includes options issued with the sale of preferred stock and standalone options issued to employees as of December 31, 2015 and the nine months ending September 30, 2016, is presented below:

The following table summarizes information about stock options outstanding under the Plan at September 30, 2016:

The estimated weighted-average grant date fair value of each share granted under options during the nine months ended September 30, 2016 and 2015, was $3.51, for both periods.

Options outstanding at September 30, 2016, had a weighted-average remaining contractual life of 7.14 years.

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

Note 5:                                     Property and Equipment

Property and equipment consists of the following at:

Depreciation and amortization expense of property and equipment totaled $662,460 and $290,775 during the periods ended September 30, 2016 and 2015, respectively.

Capital Lease Obligations

The Company leases computer equipment under noncancellable capital leases expiring through September 2018.  The following is a schedule of future minimum lease payments (excluding interest) under capital lease obligations at September 30, 2016:

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Alsbridge Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

Note 6:                                     Intangible Assets and Goodwill

The carrying basis and accumulated amortization of recognized intangible assets were as follows: