v3.8.0.1

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues
Sales	$ 166,134	$ 1,135	$ 228,404	$ 1,002,405
Services-related parties	591,750	50,000	1,081,992	325,000
Revenues	757,884	51,135	1,310,396	1,327,405
Cost of Revenues - related party	35,498	162	113,076	460,066
Gross Profit	722,386	50,973	1,197,320	867,339
Operating Expenses
General and administrative	466,771	258,365	1,071,006	766,964
Professional fees	100,100	70,316	256,121	186,512
Total operating expenses	566,871	328,681	1,327,127	953,476
Income from operations	155,515	(277,708)	(129,807)	(86,137)
Other Expenses (Income)	(308)	409	(229)	(2,638)
Provision for income taxes	408	(20,561)	7,247	12,517
Net Income (Loss)	155,415	(257,556)	(136,825)	(96,016)
Less: Net loss (income) attributable to the non-controlling interest	7,155	(4,178)	12,653	(3,667)
Net income (loss) attributable to AmericaTowne, Inc. common stockholders	$ 162,570	$ (261,734)	$ (124,172)	$ (99,683)
Earnings per share - basic and diluted	$ 0	$ (0.01)	$ (0.00)	$ (0.00)
Weighted average shares outstanding- basic and diluted	37,165,014	26,833,837	30,816,291	26,510,465

The aggregate cost of goods produced and sold and services rendered during the reporting period.

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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.

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Amount of income tax expense (benefit) from continuing operations attributable to an adjustment of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Amount of Net Income (Loss) attributable to noncontrolling interest.

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Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.

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A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.

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Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.

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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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Aggregate revenue during the period from sale of goods in the normal course of business, before deducting returns, allowances and discounts.

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Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).

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AMERICATOWNE Inc. 10-Q/A