| ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  |
|-------------------------------------------------------------------------------------------------|
| For the fiscal year ended December 31, 2016                                                | Commission file number 000-26460 |
| Delaware                                                       |   | 95-4484725                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |
|                                                           |   |                                 |
| 100 Canal Pointe Boulevard, Suite 108,Princeton, New Jersey    |   | 08540                                |
| (Address of principal executive offices)                       |   | (Zip Code)                           |
| Title of Each Class |   | Name of Each Exchange On Which Registered |
|------------------------------------|--------|-------------------------------------------------------------------------|
| N/A                                |   | N/A                                                                     |
| Large accelerated filer ☐ |   | Accelerated filer ☐         |
|---------------------------------|--------|-----------------------------------|
|                            |   |                              |
| Non-accelerated filer ☐   |   | Smaller reporting company ☒ |

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| Item 1.  | Business                                                                                                     | 1      |
|----------|--------------------------------------------------------------------------------------------------------------|--------|
|     |                                                                                                         |   |
| Item 1A. | Risk Factors                                                                                                 | 9      |
|     |                                                                                                         |   |
| Item 1B. | Unresolved Staff Comments                                                                                    | 24     |
|     |                                                                                                         |   |
| Item 2.  | Properties                                                                                                   | 24     |
|     |                                                                                                         |   |
| Item 3.  | Legal Proceedings                                                                                            | 24     |
|     |                                                                                                         |   |
| Item 4.  | Mine Safety Disclosures                                                                                      | 24     |
|     |                                                                                                         |   |
| Item 5.  | Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 25     |
|     |                                                                                                         |   |
| Item 6.  | Selected Financial Data                                                                                      | 27     |
|     |                                                                                                         |   |
| Item 7.  | Management's Discussion and Analysis of Financial Condition and Results of Operations                        | 28     |
|     |                                                                                                         |   |
| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk                                                   | 34     |
|     |                                                                                                         |   |
| Item 8.  | Financial Statements and Supplementary Data                                                                  | 34     |
|     |                                                                                                         |   |
| Item 9.  | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                         | 34     |
|     |                                                                                                         |   |
| Item 9A. | Controls and Procedures                                                                                      | 35     |
|     |                                                                                                         |   |
| Item 9B. | Other Information                                                                                            | 36     |
|     |                                                                                                         |   |
| Item 10. | Directors, Executive Officers and Corporate Governance                                                       | 36     |
|     |                                                                                                         |   |
| Item 11. | Executive Compensation                                                                                       | 42     |
|     |                                                                                                         |   |
| Item 12. | Security Ownership of Certain Beneficial Owners, Management and Related Stockholder Matters                  | 45     |
|     |                                                                                                         |   |
| Item 13. | Certain Relationships and Related Transactions and Director Independence                                     | 46     |
|     |                                                                                                         |   |
| Item 14. | Principal Accountants Fees and Services                                                                      | 47     |
|     |                                                                                                         |   |
| Item 15. | Exhibits, Financial Statement Schedules                                                                      | 49     |
|     |                                                                                                         |   |
|     | Index to Consolidated Financial Statements                                                                   | F-1    |

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|   |
|--------|

|  | (a) | 576,923 shares of our common stock, |
|--|-----|-------------------------------------|

|  | (b) | unsecured promissory notes issued to certain of ATCG's selling Stockholders for the aggregate amount of $3,750,000 (which notes bear interest at a rate of 6% per annum and mature on June 30, 2018) and, |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (c) | Earn-out payments in shares of our common stock (up to an aggregate value of $1,200,000 worth of shares) to be paid, if earned, in each of 2018 and 2019. ATCG's financial statements will be filed by amendment of the Current Report on Form 8-K filed on March 13, 2017 to disclose the closing of the acquisition. |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | (a) | A cash payment in the amount of $3,000,000 at closing, |
|--|-----|--------------------------------------------------------|

|  | (b) | 1,600,000 shares of our common stock, which are to be issued on July 29, 2018 or upon a change of control of our company (whichever occurs earlier) and |
|--|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (c) | Earn-out payments of $1,500,000 payable in cash each year to be paid, if earned, in 2017 and 2018. |
|--|-----|----------------------------------------------------------------------------------------------------|

|  | (a) | A cash payment in the amount of $675,000 which was due within 90 days of closing and was paid on October 21, 2016; |
|--|-----|--------------------------------------------------------------------------------------------------------------------|

|  | (b) | $659,138, or 101,250 shares of our common stock at closing at a market price of $6.51 per share, on July 22, 2016; and |
|--|-----|------------------------------------------------------------------------------------------------------------------------|

|  | (c) | Earn-out payments in cash and stock of $450,000 and approximately $560,807, respectively, to be paid, if earned, in 2017, 2018 and 2019. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------|

|  | (a) | A cash payment in the amount of $340,000 which was due within 90 days of closing and was paid on September 22,, 2016 |
|--|-----|----------------------------------------------------------------------------------------------------------------------|

|  | (b) | Warrants for the purchase of 51,000 shares of our common stock, with such warrants exercisable for two years; and |
|--|-----|-------------------------------------------------------------------------------------------------------------------|

|  | (c) | $255,000, which may become payable in cash as a commission to the sellers of Bigtech, if Bigtech achieves certain pre-determined revenue targets. |
|--|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (a) | A cash payment in the amount of $3,000,000, which was paid at closing; |
|--|-----|------------------------------------------------------------------------|

|  | (b) | 235,295 shares of our common stock issued at closing; |
|--|-----|-------------------------------------------------------|

|  | (c) | $250,000 quarterly cash payments to be paid on the last day of each calendar quarter of 2016; |
|--|-----|-----------------------------------------------------------------------------------------------|

|  | (d) | A $1,000,000 cash reimbursement to be paid 5 days following closing to compensate Ameri Georgia for a portion of its approximate cash balance as of September 1, 2015; |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (e) | Approximately $2,910,817 paid within 30 days of closing in connection with the excess of Ameri Georgia's accounts receivable over its accounts payable as of September 1, 2015; and |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (f) | Earn-out payments of approximately $500,000 a year for 2016 and 2017, if earned through the achievement of annual revenue and EBITDA targets specified in the purchase agreement, subject to downward or upward adjustment depending on actual results.   |
|--|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Characteristic                  |                                                                                                                                                                                                                                              | Description                                                                                                                                                                                                                                                                                                                                                                         |
|---------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Mature Market                   | ●                                                                                                                                                                                                                                      | Most large global companies have already outsourced what they wanted to outsource.                                                                                                                                                                                                                                                                                                  |
| Commoditized Business Model     | ●                                                                                                                                                                                                                                           | North America and Europe continue to be the markets with attractive spending potential. However, increased regulations and visa dependencies prove to be a major drawback of the model.                                                                                                                                                                                                  |
| ●                    | The benefits realized from the business model are largely based on labor arbitrage, productivity benefits and portfolio restructuring. These contours have changed due to commoditization.                                                        |
| Insourcing                      | ●                                                                                                                                                                                                                                           | Extremely rapid changes in technology are forcing IT services–traditionally an outsourcing business—to adopt an insourcing model.                                                                                                                                                                                                                                            |
| Rapid Technology Shifts         | ●                                                                                                                                                                                                                                           | Cloud services, robotic process automation, artificial intelligence and internet of things are increasingly in demand as part of outsourcing engagements. Smart robots increasingly operate in the cloud, and a 'labor-as-a-service' approach has emerged, as clients and providers find that intelligent tools and virtual agents can be easily and flexibly hosted on cloud platforms. |
| ●                         | Social media, cloud computing, mobility and big data will continue to be mainstays for any IT ecosystem.                                                                                                                                          |
| ●                         | The convergence of cloud computing, virtualization (applications and infrastructure) and utility computing is around the corner. The ability of a vendor to offer an integrated basket of services on a SaaS model, will be a key differentiator. |
| ●                    | Enterprises are becoming more digital. There is a strong convergence of human and machine intelligence thanks to drivers like advanced sensors and machine learning. Operations and technology are converging.                               |
| Contracts & Decision Making | ●                                                                                                                                                                                                                                           | Large multi-year contracts will be renegotiated and broken down into shorter duration contracts and will involve multiple vendors rather than sole sourcing.                                                                                                                                                                                                                             |
| ●                         | The ability to demonstrate value through Proof of Concepts (POCs) and willingness to offer outcome based pricing are becoming critical considerations for decision making, Requests for Proposal (RFP)-driven decisions are increasingly rare.    |

|  | ● | The alignment of SAP to enterprises is extremely strong.  Given the reliance of enterprises on applications, clients tend to make long-term bets on SAP as an enterprise solution. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | ● | According to the September 2014 "HfS Blueprint Report" from by HfS Research Ltd., the SAP market is a multi-billion-dollar market that is very fragmented (there are over 5,000 consulting firms), with the three largest service providers capturing an increasing share of the market. |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | ● | A significant number of SAP customers must move to S/4 HANA by 2025. |
|--|---------|----------------------------------------------------------------------|

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|  | · | well-developed recruiting, training and retention model; |
|--|--------|----------------------------------------------------------|

|  | · | successful service delivery model; |
|--|--------|------------------------------------|

|  | · | broad referral base; |
|--|--------|----------------------|

|  | · | continual investment in process improvement and knowledge capture; |
|--|--------|--------------------------------------------------------------------|

|  | · | investment in research and development; |
|--|--------|-----------------------------------------|

|  | · | financial stability and strong corporate governance; and |
|--|--------|----------------------------------------------------------|

|  | · | custom strategic partnerships to provide breadth and depth of services. |
|--|--------|-------------------------------------------------------------------------|

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|--------|

|  | · | establishing and maintaining broad market acceptance of our solutions and services and converting that acceptance into direct and indirect sources of revenue; |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | establishing and maintaining adoption of our technology solutions in a wide variety of industries and on multiple enterprise architectures; |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | timely and successfully developing new solutions and services and increasing the functionality and features of existing solutions and services; |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | developing solutions and services that result in high degree of enterprise client satisfaction and high levels of end-customer usage; |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|  | · | successfully responding to competition, including competition from emerging technologies and solutions; |
|--|--------|---------------------------------------------------------------------------------------------------------|

|  | · | developing and maintaining strategic relationships to enhance the distribution, features, content and utility of our solutions and services; and |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | identifying, attracting and retaining talented personnel at reasonable market compensation rates in the markets in which we employ. |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------|

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|  | · | make it difficult for us to obtain financing in the future for acquisitions, working capital, capital expenditures, debt service requirements or other purposes; |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | limit our flexibility in planning for or reacting to changes in our business; |
|--|--------|-------------------------------------------------------------------------------|

|  | · | limit our ability to pay dividends; |
|--|--------|-------------------------------------|

|  | · | make us more vulnerable in the event of a downturn in our business; and |
|--|--------|-------------------------------------------------------------------------|

|  | · | affect certain financial covenants with which we must comply in connection with our credit facilities. |
|--|--------|--------------------------------------------------------------------------------------------------------|

|  | · | increasing our vulnerability to, and reducing our flexibility to respond to, general adverse economic and industry conditions; |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------|

|  | · | requiring the dedication of a substantial portion of our cash flow from operations to the payment of principal of, and interest on, our indebtedness, thereby reducing the availability of such cash flow to fund working capital, capital expenditures, acquisitions, joint ventures or other general corporate purposes; |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | limiting our flexibility in planning for, or reacting to, changes in our business, the competitive environment and the industry in which we operate; |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | placing us at a competitive disadvantage as compared to our competitors that are not as highly leveraged; and |
|--|--------|---------------------------------------------------------------------------------------------------------------|

|  | · | limiting our ability to borrow additional funds and increasing the cost of any such borrowing. |
|--|--------|------------------------------------------------------------------------------------------------|

|  | (a) | in the case of Revolving Loans, a rate per annum equal to the sum of (i) the Wall Street Journal Prime Rate plus (ii) 2.00%;  |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------|

|  | (b) | in the case of the Term Loan, a rate per annum equal to the sum of (i) the Wall Street Journal Prime Rate plus (ii) 3.75%; and  |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------|

|  | (c) | in the case of other obligations under the Credit Facility, a rate per annum equal to the sum of (i) the greater of (A) 3.25% or (B) Wall Street Journal Prime Rate plus (ii) 3.75%. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | · | are not required to obtain an attestation and report from our auditors on our management's assessment of our internal control over financial reporting pursuant to the Sarbanes-Oxley Act of 2002; |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | are not required to provide a detailed narrative disclosure discussing our compensation principles, objectives and elements and analyzing how those elements fit with our principles and objectives (commonly referred to as "compensation discussion and analysis"); |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | are not required to obtain a non-binding advisory vote from our stockholders on executive compensation or golden parachute arrangements (commonly referred to as the "say-on-pay," "say-on-frequency" and "say-on-golden-parachute" votes); |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | are exempt from certain executive compensation disclosure provisions requiring a pay-for-performance graph and CEO pay ratio disclosure; |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | may present only two years of audited financial statements and only two years of related Management's Discussion & Analysis of Financial Condition and Results of Operations ("MD&A"); and |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | are eligible to claim longer phase-in periods for the adoption of new or revised financial accounting standards under §107 of the JOBS Act. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | · | actual or anticipated fluctuations in our quarterly financial results or the quarterly financial results of companies perceived to be similar to us; |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | changes in the market's expectations about our operating results; |
|--|--------|-------------------------------------------------------------------|

|  | · | success of competitors; |
|--|--------|-------------------------|

|  | · | our operating results failing to meet the expectation of securities analysts or investors in a particular period; |
|--|--------|-------------------------------------------------------------------------------------------------------------------|

|  | · | changes in financial estimates and recommendations by securities analysts concerning the Company or its markets in general; |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------|

|  | · | operating and stock price performance of other companies that investors deem comparable to the Company; |
|--|--------|---------------------------------------------------------------------------------------------------------|

|  | · | our ability to market new and enhanced products on a timely basis; |
|--|--------|--------------------------------------------------------------------|

|  | · | changes in laws and regulations affecting our business; |
|--|--------|---------------------------------------------------------|

|  | · | commencement of, or involvement in, litigation involving the Company; |
|--|--------|-----------------------------------------------------------------------|

|  | · | changes in the Company's capital structure, such as future issuances of securities or the incurrence of additional debt; |
|--|--------|--------------------------------------------------------------------------------------------------------------------------|

|  | · | the volume of securities available for public sale; |
|--|--------|-----------------------------------------------------|

|  | · | any major change in our board of directors or management; |
|--|--------|-----------------------------------------------------------|

|  | · | sales of substantial amounts of our securities by our directors, executive officers or significant stockholders or the perception that such sales could occur; and |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | general economic and political conditions such as recession; interest rate and international currency fluctuations; and acts of war or terrorism. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | · | no cumulative voting in the election of directors, which limits the ability of minority stockholders to elect director candidates; |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------|

|  | · | the exclusive right of our board of directors to elect a director to fill a vacancy created by the expansion of the board of directors or the resignation, death, or removal of a director, which prevents stockholders from being able to fill vacancies on our board of directors; |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | the ability of our board of directors to determine whether to issue shares of our preferred stock and to determine the price and other terms of those shares, including preferences and voting rights, without stockholder approval, which could be used to significantly dilute the ownership of a hostile acquirer; |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | limiting the liability of, and providing indemnification to, our directors and officers; |
|--|--------|------------------------------------------------------------------------------------------|

|  | · | controlling the procedures for the conduct and scheduling of stockholder meetings; |
|--|--------|------------------------------------------------------------------------------------|

|  | · | providing that directors may be removed prior to the expiration of their terms by stockholders only for cause; and |
|--|--------|--------------------------------------------------------------------------------------------------------------------|

|  | · | advance notice procedures that stockholders must comply with in order to nominate candidates to our board of directors or to propose matters to be acted upon at a stockholders' meeting, which may discourage or deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer's own slate of directors or otherwise attempting to obtain control of the Company. |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Twelve months ended December 31, 2016 |   | Low    |   |   | High   |   |
|---------------------------------------|--------|--------|--------|--------|--------|--------|
|                                  |   |   |   |   |   |   |
| Quarter ended March 31, 2016          |   | $      | 5.00   |   |   | $      | 7.00 |   |
| Quarter ended June 30, 2016           |   | $      | 5.50   |   |   | $      | 7.00 |   |
| Quarter ended September 30, 2016      |   | $      | 5.00   |   |   | $      | 7.00 |   |
| Quarter ended December 31, 2016       |   | $      | 5.00   |   |   | $      | 7.50 |   |

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|  | · | Our ability to enter into additional technology-management and consulting agreements, to diversify our client base and to expand the geographic areas we serve; |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Our ability to attract competent, skilled professionals and on-demand technology partners for our operations at acceptable prices to manage our overhead; |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Our ability to acquire other technology services companies and integrate them with our existing business; |
|--|--------|-----------------------------------------------------------------------------------------------------------|

|  | · | Our ability to raise additional equity capital, if and when we needed; and |
|--|--------|----------------------------------------------------------------------------|

|  | · | Our ability to control our costs of operation as we expand our organization and capabilities. |
|--|--------|-----------------------------------------------------------------------------------------------|

|                                          |   | Twelve MonthsEndedDecember 31, |       |
|-----------------------------------------------|--------|--------------------------------|------------|
|                                          |   | 2016                           |       |   | 2015 |   |
|                                          |   |                           |       |   |   |   |
| Net revenue                                   |   | $                              | 36,145,589 |   |   | $ | 20,261,172 |   |
| Cost of revenue                               |   |                           | 29,608,932 |   |   |   | 13,391,504 |   |
| Gross profit                                  |   |                           | 6,536,657  |   |   |   | 6,869,668 |   |
|                                               |   |                           |       |   |   |   |   |   |
| Operating expenses:                           |   |                           |       |   |   |   |   |   |
| Selling and marketing                         |   |                           | 417,249    |   |   |   | 119,847 |   |
| General and administration                    |   |                           | 8,552,966  |   |   |   | 5,721,633 |   |
| Nonrecurring expenditures                     |   |                           | 1,585,136  |   |   |   | 1,655,962 |   |
| Depreciation and amortization                 |   |                           | 1,361,169  |   |   |   | 166,208 |   |
| Operating expenses                            |   |                           | 11,916,520 |   |   |   | 7,663,650 |   |
|                                               |   |                           |       |   |   |   |   |   |
| Operating income (loss):                      |   |                           | (5,379,863 | ) |   |   | (793,982 | ) |
|                                          |   |                           |       |   |   |   |   |   |
| Interest expense                              |   |                           | (751,074   | ) |   |   | (238,471 | ) |
| Interest income/other income                  |   |                           | -          |   |   |   | 89,918 |   |
| Other income                                  |   |                           | 16,604     |   |   |   | - |   |
|                                               |   |                           |       |   |   |   |   |   |
|                                               |   |                           |       |   |   |   |   |   |
| Change due to estimate correction             |   |                           | (410,817   | ) |   |   | - |   |
| Total other income (expenses)                 |   |                           | (1,145,287 | ) |   |   | (148,553 | ) |
| Net income (loss) before income taxes         |   |                           | (6,525,150 | ) |   |   | (942,535 | ) |
| Income tax benefit (provision)                |   |                           | 3,747,846  |   |   |   | 128,460 |   |
| Net income (loss)                             |   |                           | (2,777,304 | ) |   |   | (814,075 | ) |
|     Non-controlling interest   |   |                           | (3,382     | ) |   |   | - |   |
| Net income (loss) attributable to the Company |   |                           | (2,780,686 | ) |   |   | (814,075 | ) |
|                                          |   |                           |       |   |   |   |   |   |
| Foreign exchange translation adjustment       |   |                           | (7,426     | ) |   |   | - |   |
| Comprehensive income (loss)                   |   | $                              | (2,788,112 | ) |   | $  | (814,075 | ) |

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|  | · | $53,288 for an event in connection with integrating all acquired subsidiaries with the Company; |
|--|--------|-------------------------------------------------------------------------------------------------|

|  | · | $229,440 for fees in connection with terminating our prior credit facility and replacing it with our current credit facility with Sterling National Bank; |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | $312,500 for payments to a financial advisor for its assistance in obtaining our current credit facility with Sterling National Bank; |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|  | · | $349,902 for earn-out payments to the former owners of Ameri Georgia; and |
|--|--------|---------------------------------------------------------------------------|

|  | · | $640,006 for legal fees in connection with our acquisitions. |
|--|--------|--------------------------------------------------------------|

**Our amortization schedule is as follows:**

|  Years ending December 31, |   | Amount |      |
|---------------------------------|--------|--------|-----------|
|                            |   |   |      |   |
| 2017                            |   | $      | 2,464,184 |   |
| 2018                            |   |   | 2,115,592 |   |
| 2019                            |   |   | 1,748,250 |   |
| 2020                            |   |   | 1,621,000 |   |
| 2021                            |   |   | 815,678   |   |
| Total                           |   | $      | 8,764,704 |   |

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| Name                        | Age | Position                                                                             |
|-----------------------------|-----|--------------------------------------------------------------------------------------|
| Jeffrey E. Eberwein         | 46  | Chairman of the Board                                                                |
| Srinidhi "Dev" Devanur      | 51  | Executive Vice Chairman of the Board and Director                                    |
| Giri Devanur                | 47  | President, Chief Executive Officer and Director                                      |
| Carlos Fernandez            | 52  | Interim Chief Financial Officer and Executive Vice President - Strategic Initiatives |
| Dimitrios J. Angelis        | 47  | Director                                                                             |
| Dr. Arthur M. Langer        | 63  | Director                                                                             |
| Robert G. Pearse            | 57  | Director                                                                             |
| Dhruwa N. Rai               | 47  | Director                                                                             |
| Venkatraman Balakrishnan    | 52  | Director                                                                             |
| Srirangan "Ringo" Rajagopal | 48  | Executive Vice President - Client Relations                                          |

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|   | ● | the subject of any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | convicted in a criminal proceeding or is subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; or |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | found by a court of competent jurisdiction (in a civil action), the SEC or the Commodity Futures Trading SEC to have violated a federal or state securities or commodities law. |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|--------|

| Name & Principal Position                                             | Transition Period or Fiscal Year Ended | Salary($)            | Bonus($)           | Stock Awards($) | Option Awards($) | Non-Equity Incentive Plan Compensation($) | Non-Qualified Deferred Compensation Earnings($) | All Other Compensation($) | Total($)              |
|---------------------------------------------------------------------------|----------------------------------------|----------------------|--------------------|-----------------|------------------|-------------------------------------------|-------------------------------------------------|---------------------------|-----------------------|
| Giri Devanur(1)President and Chief Executive Officer                      | 12/31/201612/31/2015              | 175,000147,500  | 57,50045,000  | --         | --          | --                                   | --                                         | --                   | 232,500 192,500  |
| Srirangan Rajagopal (2)Executive Vice President – Client Relations  | 12/31/201612/31/2015              | 147,700143,000  | -9,000        | --         | --          | --                                   | --                                         | --                   | 147,700 152,000  |
| Carlos Fernandez(3)Executive Vice President – Strategic Initiatives | 12/31/201612/31/2015              | 141,600141,600  | --            | --         | --          | --                                   | --                                         | --              | 141,600 141,600  |

| (1) | Giri Devanur was appointed to his position with our company on May 26, 2015 and served as Chief Executive Officer of Ameri and Partners. As of December 31, 2016, a bonus of $57,500 had accrued but not yet been paid to our President and Chief Executive Officer, Giri Devanur. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Srirangan Rajagopal was appointed to his position with our company on May 26, 2015 and served as Executive Vice President – Client Relations of Ameri and Partners. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Carlos Fernandez was appointed to as our Executive Vice President – Strategic Initiatives and Secretary on May 26, 2015 and as our interim Chief Financial Officer on December 2, 2016. He also served as Executive Vice President – Strategic Initiatives of Ameri and Partners. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name                        |   | Fees Earned or Paid in Cash |   |   | Stock Awards |   |   | RSU & Option Awards |   |   | All OtherCompensation |   |   | Total  |   |
|-----------------------------|--------|-----------------------------|--------|--------|--------------|--------|--------|-------------------------|--------|--------|-----------------------|--------|--------|--------|--------|
|                        |   | ($)                         |   |   | ($)          |   |   | ($)                     |   |   | ($)                   |   |   | ($)    |   |
| Jeffrey E. Eberwein         |   |                        | -      |   |         |   | -      |                    |   |   | -                     |   |   |   | -      |   |   |   | - |   |
| Srinidhi "Dev" Devanur      |   |                        | -      |   |         |   | -      |                    |   |   | -                     |   |   |   | -      |   |   |   | - |   |
| Giri Devanur                |   |                        | -      |   |         |   | -      |                    |   |   | -                     |   |   |   | -      |   |   |   | - |   |
| Dimitrios J. Angelis        |   |                        | -      |   |         |   | -      |                    |   |   | -                     |   |   |   | -      |   |   |   | - |   |
| Dr. Arthur M. Langer        |   |                        | -      |   |         |   | -      |                    |   |   | -                     |   |   |   | -      |   |   |   | - |   |
| Robert G. Pearse            |   |                        | -      |   |         |   | -      |                    |   |   | -                     |   |   |   | -      |   |   |   | - |   |
| Dhruwa N. Rai(1)            |   |                        | -      |   |         |   | -      |                    |   |   |  7,000,000       |   |   |   | -      |   |   |   | 7,000,000 |   |
| Venkatraman Balakrishnan(2) |   |                        | -      |   |         |   | -      |                    |   |   | 212,747               |   |   |   | -      |   |   |   | 212,747 |   |
| TOTAL                       |   |                        | -      |   |         |   | -      |                    |   |   | 7,212,747             |   |   |   | -      |   |   |   | 7,212,747 |   |

| (1) | Includes an option to purchase 500,000 shares of common stock granted on May 10, 2016, valued at $7.00 per share, and restricted stock units for 500,000 shares of common stock granted on May 10, 2016, valued at $7.00 per share. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Includes an option to purchase 25,000 shares of common stock granted on June 28, 2016, valued at $6.51 per share, and restricted stock units for 7,680 shares of common stock granted on June 28, 2016, valued at $6.51 per share.  |

----

| Plan Category                                           | Number of securities to be issued upon exercise of outstanding options, warrants and rights |   | Weighted-average exercise price of outstanding options, warrants and rights |   | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |   |
|---------------------------------------------------------|---------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                    |                                                                                        |   |                                                                        |   |                                                                                                                                        |   |
| Equity compensation plans approved by security holders  |                                                                                        |   | 1,556,569                                                                   |   |                                                                                                                                        | $      | 2.67 |   |   |   | 444,131 |   |
| Warrants issued outside of our equity compensation plan |                                                                                        |   | 2,666,666                                                                   |   |                                                                                                                                        |   | 1.80 |   |   |   | - |   |
| Total                                                   |                                                                                        |   | 4,223,235                                                                   |   |                                                                                                                                        | $      | 1.89 |   |   |   | 444,131 |   |

----

|   |
|--------|

| Name(1)                                                         |   | Number of Shares Beneficially Owned |       |   | Percentage of Shares Beneficially Owned(2) |   |
|-----------------------------------------------------------------|--------|-------------------------------------|------------|--------|--------------------------------------------|--------|
|                                                            |   |                                |       |   |                                       |   |   |
| Executive Officers, Present Directors and Proposed Directors:   |   |                                |       |   |                                       |   |   |
|                                                            |   |                                |       |   |                                       |   |   |
| Jeffrey E. Eberwein(3)(4)                                       |   |                                | 4,436,443  |   |                                       |   | 25.72 | % |
| Srinidhi "Dev" Devanur                                          |   |                                | 6,276,375  |   |                                       |   | 43.05 | % |
| Giri Devanur                                                    |   |                                | 2,179,125  |   |                                       |   | 14.95 | % |
| Dimitrios J. Angelis(5)                                         |   |                                | 42,663     |   |                                       |   | * |   |
| Dr. Arthur M. Langer(6)                                         |   |                                | 89,870     |   |                                       |   | * |   |
| Robert G. Pearse(7)                                             |   |                                | 41,809     |   |                                       |   | * |   |
| Carlos Fernandez                                                |   |                                | 101,250    |   |                                       |   | * |   |
| Venkatraman Balakrishnan                                        |   |                                | -          |   |                                       |   | * |   |
| Srirangan Rajagopal                                             |   |                                | 432,000    |   |                                       |   | 2.96 | %  |
| Dhruwa N. Rai(8)                                                |   |                                | 833,334    |   |                                       |   | 5.59 | % |
| All executive officers and directors as a group (10 persons)(9) |   |                                | 14,432,869 |   |                                       |   | 81.75 | % |
|                                                            |   |                                |       |   |                                       |   |   |   |
| 5% Stockholders:                                                |   |                                |       |   |                                       |   |   |   |
|                                                            |   |                                |       |   |                                       |   |   |   |
| Lone Star Value Management, LLC(3)(4)                           |   |                                | 4,436,443  |   |                                       |   | 25.72 | % |

| *   | Less than one percent of outstanding shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Unless otherwise indicated, the address of each person or entity is c/o AMERI Holdings, Inc., 100 Canal Pointe Boulevard, Suite 108, Princeton, New Jersey 08540.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (2) | The calculation in this column is based upon 14,579,417 shares of common stock outstanding as of March 20, 2017. Beneficial ownership is determined in accordance with the rules of the SEC and generally includes voting or investment power with respect to securities. Shares of common stock that are currently convertible or exercisable within 60 days of March 20, 2017 are deemed to be beneficially owned by the person holding such securities for the purpose of computing the percentage of ownership of such person, but are not treated as outstanding for the purpose of computing the percentage ownership of any other person.                                                                                                                                                                                                                                                                        |
| (3) | Includes (A) (i) 1,666,755 shares of common stock and (ii) 2,666,666 shares of common stock reserved for issuance upon the exercise of the Warrants, in each case held of record by LSVI, and (B) 20,227 shares of common stock held of record by Jeffrey E. Eberwein, our Chairman. Lone Star Value Investors GP, LLC ("Lone Star Value GP"), the general partner of LSVI and Lone Star Value Management, the investment manager of LSVI, may be deemed to beneficially own the 4,333,421 shares held by LSVI. Jeffrey E. Eberwein as the managing member of Lone Star Value GP may be deemed to beneficially own the 4,333,421 shares held by LSVI. Mr. Eberwein disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. The address of Mr. Eberwein, LSVI, Lone Star Value GP and Lone Star Value Management is 53 Forest Avenue, 1st Floor, Old Greenwich, CT 06870.  |
| (4) | Includes 82,795 shares held in an account separately managed by Lone Star Value Management. Lone Star Value Management, as the investment manager of the separately managed account, may be deemed to beneficially own the 82,795 shares held in the separately managed account; and Jeffrey Eberwein, our Chairman, as the sole member of Lone Star Value Management may be deemed to beneficially own the shares held in the separately managed account. Mr. Eberwein disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.                                                                                                                                                                                                                                                                                                                                           |
| (5) | Consists of 17,663 shares of common stock and 25,000 shares of common stock issuable upon exercise of options exercisable within 60 days.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (6) | Consists of 64,870 shares of common stock and 25,000 shares of common stock issuable upon exercise of options exercisable within 60 days.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (7) | Consists of 16,809 shares of common stock and 25,000 shares of common stock issuable upon exercise of options exercisable within 60 days.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (8) | Consists of 500,000 shares of common stock, 166,667 shares of common stock issuable upon exercise of options exercisable within 60 days and 166,667 shares of common stock issuable upon the settlement of restricted stock units that vest within 60 days.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| (9) | Consists of 11,357,261 shares of common stock, 2,666,666 shares of common stock reserved for issuance upon the exercise of the Warrants held of record by LSVI, 241,667 shares of common stock issuable upon exercise of options exercisable within 60 days and 166,667 shares of common stock issuable upon the settlement of restricted stock units that vest within 60 days.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

----

|   |
|--------|

----

|   |
|--------|

|               |   | Year Ended December 31, |   |   | Year EndedDecember 31, |   |
|--------------------|--------|-------------------------|--------|--------|------------------------|--------|
|               |   | 2016                    |   |   | 2015                   |   |
| Audit Fees         |   | $                       | 59,000 |   |                   | $      | 44,050 |   |
| Audit Related Fees |   |                    | -      |   |                   |   | - |   |
| Tax Fees           |   |                    | -      |   |                   |   | - |   |
| All Other Fees     |   |                    | -      |   |                   |   | - |   |
| Total              |   | $                       | 59,000 |   |                   | $      | 44,050 |   |

----

----

|   |
|--------|

|   |
|--------|

| Exhibit |   | Description                                                                                                                                                                                                                                                                                                                                                                     |
|---------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |
| 2.1     |   | Agreement of Merger and Plan of Reorganization, dated as of May 26, 2015, among Spatializer Audio Laboratories, Inc., Ameri100 Acquisition, Inc. and Ameri and Partners Inc. (filed as Exhibit 2.1 to AMERI Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on May 26, 2015 and incorporated herein by reference).                                               |
| 2.2     |   | Stock Purchase Agreement by and between Ameri Holdings, Inc. and the shareholders of Ameri Consulting Service Private Limited. (filed as Exhibit 10.3 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).                                                                                            |
| 2.3     |   | Share Purchase Agreement, dated as of November 20, 2015, by and among Ameri Holdings, Inc., Bellsoft, Inc., and all of the shareholders of Bellsoft, Inc. (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on November 23, 2015 and incorporated herein by reference).                                                       |
| 2.4     |   | Agreement of Merger and Plan of Reorganization, dated as of July 22, 2016, by and among Ameri Holdings, Inc., Virtuoso Acquisition Inc., Ameri100 Virtuoso Inc., Virtuoso, L.L.C. and the sole member of Virtuoso, L.L.C. (filed as Exhibit 2.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on July 27, 2016 and incorporated herein by reference). |
| 2.5     |   | Membership Interest Purchase Agreement, dated as of July 29, 2016, by and among Ameri Holdings, Inc., DC&M Partners, L.L.C., all of the members of DCM, Giri Devanur and Srinidhi "Dev" Devanur (filed as Exhibit 2.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on August 1, 2016 and incorporated herein by reference).                      |
| 2.6     |   | Share Purchase Agreement, dated as of March 10, 2017, by and among Ameri Holdings, Inc., ATCG Technology Solutions, Inc., all of the stockholders of ATCG, and the Stockholders' representative (filed as Exhibit 2.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on March 13, 2017 and incorporated herein by reference).                          |
| 3.1     |   | Amended and Restated Certificate of Incorporation of Ameri Holdings, Inc. (filed as Exhibit 3.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 23, 2016 and incorporated herein by reference).                                                                                                                                                 |
| 3.2     |   | Certificate of Designation of Rights and Preferences of 9.00% Series A Cumulative Preferred Stock (filed as Exhibit 3.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on January 4, 2017 and incorporated herein by reference).                                                                                                                       |
| 3.3     |   | Amended and Restated Bylaws of Ameri Holdings, Inc. (filed as Exhibit 3.2 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 23, 2016 and incorporated herein by reference).                                                                                                                                                                       |
| 4.1     |   | Form of Certificate Representing Shares of common stock of Registrant (filed as Exhibit 4.1 to Ameri Holdings, Inc.'s Registration Statement on Form S-8 filed with the SEC on December 17, 2015 and incorporated herein by reference).                                                                                                                                         |
| 4.2     |   | Form of common stock Purchase Warrant issued by Ameri Holdings, Inc. to Lone Star Value Investors, LP, dated May 26, 2015 (filed as Exhibit 4.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).                                                                                                  |
| 4.3     |   | common stock Purchase Warrant, dated May 12, 2016, issued by Ameri Holdings, Inc. to Lone Star Value Investors, LP, dated May 12, 2016 (filed as Exhibit 4.3 to Ameri Holdings, Inc.'s Quarterly Report on Form 10-Q filed with the SEC on May 16, 2016 and incorporated herein by reference).                                                                                  |
| 4.4     |   | Amended and Restated Registration Rights Agreement, dated May 12, 2016, by and between Ameri Holdings, Inc. and Lone Star Value Investors, LP (filed as Exhibit 10.3 to Ameri Holdings, Inc.'s Quarterly Report on Form 10-Q filed with the SEC on May 16, 2016 and incorporated herein by reference).                                                                          |
| 4.5     |   | Form of 8% Convertible Unsecured Promissory Note due March 2020 (filed as Exhibit 10.2 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on March 8, 2017 and incorporated herein by reference).                                                                                                                                                          |
| 4.6     |   | Form of Registration Rights Agreement for 2017 Notes Investors (filed as Exhibit 10.3 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on March 8, 2017 and incorporated herein by reference).                                                                                                                                                           |
| 4.7     |   | Form of 6% Unsecured Promissory Note (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on March 13, 2017 and incorporated herein by reference).                                                                                                                                                                                    |

----

| 10.1   |   | Securities Purchase Agreement, dated as of May 26, 2015, by and between Ameri Holdings, Inc. and Lone Star Value Investors, LP. (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).                                                                                                                                                                                                  |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.2   |   | Employment Agreement, dated as of May 26, 2015, between Giri Devanur and Ameri Holdings, Inc. (filed as Exhibit 10.4 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).                                                                                                                                                                                                                                    |
| 10.3   |   | Employment Agreement, dated as of May 26, 2015, between Srinidhi "Dev" Devanur and Ameri Holdings, Inc. (filed as Exhibit 10.5 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).                                                                                                                                                                                                                          |
| 10.4   |   | Form of Indemnification Agreement. (filed as Exhibit 10.6 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).                                                                                                                                                                                                                                                                                               |
| 10.5   |   | Form of Option Grant Letter. (filed as Exhibit 10.7 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).                                                                                                                                                                                                                                                                                                     |
| 10.6   |   | 2015 Equity Incentive Award Plan. (filed as Exhibit 10.8 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).                                                                                                                                                                                                                                                                                                |
| 10.7*  |   | Form of Restricted Stock Unit Agreement (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Quarterly Report on Form 8-K filed with the SEC on November 23, 2015 and incorporated herein by reference).                                                                                                                                                                                                                                                                                   |
| 10.8   |   | Securities Purchase Agreement, dated as of April 20, 2016, by and between Ameri Holdings, Inc. and Dhruwa N. Rai (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on April 21, 2016 and incorporated herein by reference).                                                                                                                                                                                                               |
| 10.9   |   | Loan and Security Agreement, dated as of July 1, 2016, by and among Ameri and Partners Inc, BellSoft, Inc., Ameri Holdings, Inc., Linear Logics, Corp., Winhire Inc, Giri Devanur, the lenders which become a party to the Loan and Security Agreement, and Sterling National Bank, N.A. (a lender and as agent for the lenders) (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on July 7, 2016 and incorporated herein by reference). |
| 10.1   |   | Exchange Agreement, dated as of December 30, 2016, between Ameri Holdings, Inc. and Lone Star Value Investors, LP (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on January 4, 2017 and incorporated herein by reference).                                                                                                                                                                                                             |
| 10.11  |   | Form of Securities Purchase Agreement for 2017 Notes Investors (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on March 8, 2017 and incorporated herein by reference).                                                                                                                                                                                                                                                                  |
| 21.1*  |   | List of Subsidiaries.                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 23.1*  |   | Consent of Ram Associates, CPA.                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 31.1*  |   | Section 302 Certification of Principal Executive Officer                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 31.2*  |   | Section 302 Certification of Principal Financial and Accounting Officer                                                                                                                                                                                                                                                                                                                                                                                                                |
| 32.1** |   | Section 906 Certification of Principal Executive Officer                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 32.2** |   | Section 906 Certification of Principal Financial and Accounting Officer                                                                                                                                                                                                                                                                                                                                                                                                                |
| 101*   |   | The following materials from Ameri Holdings, Inc.'s Annual Report on Form 10-K for the twelve months ended December 31, 2016 are formatted in XBRL (eXtensible Business Reporting Language):  (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statement of Stockholders' Equity (Deficit), (iv) the Consolidated Statements of Cash Flow, and (iv) Notes to the Consolidated Financial Statements.                    |

| *  | Filed herewith.  |   |
|---------|-----------------------|--------|

| ** | In accordance with Item 601of Regulation S-K, this Exhibit is hereby furnished to the SEC as an accompanying document and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |  AMERI Holdings, Inc. |
|--------|----------------------------|
|   |                       |
|   |                       |
|   | By:                        | /s/ Giri Devanur |
|   |                       | Giri Devanur |
|   |                       | President and Chief Executive Officer (Principal Executive Officer) |
|   |                       |
|   | By:                        | /s/ Carlos Fernandez  |
|   |                       | Carlos Fernandez |
|   |                       | Executive Vice President –Corporate Development andInterim Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) |
|   |                       |   |

| Signature                          |   | Title                                                      |   | Date           |
|------------------------------------|--------|------------------------------------------------------------|--------|----------------|
|                               |   |                                                       |   |           |
| /s/ Jeffrey E. Eberwein       |   | Chairman of the Board and Director                         |   | March 31, 2017 |
| Jeffrey E. Eberwein                |   |                                                       |   |           |
|                               |   |                                                       |   |           |
| /s/ Srinidhi Devanur          |   | Executive Vice Chairman of the Board and Director          |   | March 31, 2017 |
| Srinidhi Devanur                   |   |                                                       |   |           |
|                               |   |                                                       |   |           |
| /s/ Giri Devanur              |   | President and Chief Executive Officer                      |   | March 31, 2017 |
| Giri Devanur                       |   |                                                       |   |           |
|                               |   |                                                       |   |           |
| /s/ Carlos Fernandez          |   | Executive Vice President – Corporate Development and |   | March 31, 2017 |
| Carlos Fernandez                   |   | Interim Chief Financial Officer                            |   |           |
|                               |   |                                                       |   |           |
| /s/ Dimitrios J. Angelis      |   | Director                                                   |   | March 31, 2017 |
| Dimitrios J. Angelis               |   |                                                       |   |           |
|                               |   |                                                       |   |           |
| /s/ Dr. Arthur M. Langer      |   | Director                                                   |   | March 31, 2017 |
| Dr. Arthur M. Langer               |   |                                                       |   |           |
|                               |   |                                                       |   |           |
| /s/ Robert G. Pearse          |   | Director                                                   |   | March 31, 2017 |
| Robert G. Pearse                   |   |                                                       |   |           |
|                               |   |                                                       |   |           |
| /s/ Venkatraman Balakrishnan  |   | Director                                                   |   | March 31, 2017 |
| Venkatraman Balakrishnan           |   |                                                       |   |           |
|                               |   |                                                       |   |           |
| /s/ Dhruwa N. Rai             |   | Director                                                   |   | March 31, 2017 |
| Dhruwa N. Rai                      |   |                                                       |   |           |
|                               |   |                                                       |   |           |

----

----

|                                                                                                                                                                        |   |             |         |    |             |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|--------------|---------|------------------|--------|
|                                                                                                                                                                        |   | December 31,2016 |         |    | December 31,2015 |   |
| Assets                                                                                                                                                                      |   |
| Current assets:                                                                                                                                                             |   |             |         |    |             |   |
| Cash and cash equivalents                                                                                                                                                   |   | $                | 1,379,887    |    |             | $      | 1,878,034 |   |
| Accounts receivable                                                                                                                                                         |   |             | 8,059,910    |    |             |   | 4,872,082 |   |
| Investments                                                                                                                                                                 |   |             | 82,908       |    |             |   | 82,908 |   |
| Other current assets                                                                                                                                                        |   |             | 542,237      |    |             |   | 343,809 |   |
| Total current assets                                                                                                                                                        |   |             | 10,064,942   |    |             |   | 7,176,833 |   |
|                                                                                                                                                                        |   |             |         |    |             |   |   |   |
| Other assets:                                                                                                                                                               |   |             |         |    |             |   |   |   |
| Property and equipment, net                                                                                                                                                 |   |             | 100,241      |    |             |   | 73,066 |   |
| Intangible assets, net                                                                                                                                                      |   |             | 8,764,704    |    |             |   | 3,114,513 |   |
| Acquired goodwill                                                                                                                                                           |   |             | 17,089,076   |    |             |   | 3,470,522 |   |
| Deferred income tax assets, net                                                                                                                                             |   |             | 3,488,960    |    |             |   |  - |   |
| Total other assets                                                                                                                                                          |   |             | 29,442,981   |    |             |   | 6,658,101 |   |
| Total assets                                                                                                                                                                |   | $                | 39,507,923   |    |             | $      | 13,834,934 |   |
|                                                                                                                                                                        |   |             |         |    |             |   |   |   |
| Liabilities and Stockholders' Equity                                                                                                                                        |   |
| Current liabilities:                                                                                                                                                        |   |             |         |    |             |   |   |   |
| Line of credit                                                                                                                                                              |   |             | 3,088,890    |    |             |   | 1,235,935 |   |
| Accounts payable                                                                                                                                                            |   |             | 5,130,817    |    |             |   | 2,597,385 |   |
| Other accrued expenses                                                                                                                                                      |   |             | 2,165,088    |    |             |   | 1,093,814 |   |
| Current Portion - Long Term Notes                                                                                                                                           |   |             | 405,376      |    |             |   |   |   |
| Consideration payable - Cash                                                                                                                                                |   |             | 1,854,397    |    |             |   | 3,649,267 |   |
| Consideration payable - Equity                                                                                                                                              |   |             | 64,384       |    |             |   | - |   |
| Total current liabilities                                                                                                                                                   |   |             | 12,708,952   |    |             |   | 8,576,401 |   |
|                                                                                                                                                                        |   |             |         |    |             |   |   |   |
| Long term liabilities:                                                                                                                                                 |   |             |         |    |             |   |   |   |
| Convertible notes                                                                                                                                                           |   |             | -            |    |             |   | 5,000,000 |   |
| Long-term notes – Net of Current Portion                                                                                                                              |   |             | 1,536,191    |    |             |   | - |   |
| Long-term consideration payable - Cash                                                                                                                                      |   |             | 2,711,717    |    |             |   | - |   |
| Long-term consideration payable - Equity                                                                                                                                    |   |             | 10,887,360   |    |             |   | - |   |
| Total Long-term Liabilities                                                                                                                                                 |   |             | 15,135,268   |    |             |   | 5,000,000 |   |
| Total liabilities                                                                                                                                                           |   |             | 27,844,220   |    |             |   | 13,576,401 |   |
|                                                                                                                                                                        |   |             |         |    |             |   |   |   |
| Stockholders' equity:                                                                                                                                                       |   |             |         |    |             |   |   |   |
| Preferred stock, $0.01 par value; 1,000,000 authorized, 363,611 issued and outstanding as of December 31, 2016, and none outstanding as of December 31, 2015                |   |             | 3,636        |    |             |   | - |   |
| Common stock, $0.01 par value; 100,000,000 shares authorized, 13,885,972 and 11,874,361 issued and outstanding as of December 31, 2016, and December 31, 2015, respectively |   |             | 138,860      |    |             |   | 118,743 |   |
| Additional paid-in capital                                                                                                                                                  |   |             | 15,358,839   |    |             |   | 1,192,692 |   |
| Accumulated deficit                                                                                                                                                         |   |             | (3,833,588   | )       |             |   | (1,052,902 | ) |
| Accumulated other comprehensive income (loss)                                                                                                                          |   |             |  (7,426 | )  |             |   |  - |   |
| Non-Controlling Interest                                                                                                                                                    |   |             | 3,382        |    |             |   |  - |   |
| Total stockholders' equity                                                                                                                                                  |   |             | 11,663,703   |    |             |   | 258,533 |   |
| Total liabilities and stockholders' equity                                                                                                                                  |   | $                | 39,507,923   |    |             | $      | 13,834,934 |   |

----

|                                        |   | Twelve MonthsEndedDecember 31, |       |
|--------------------------------------------------|--------|--------------------------------|------------|
|                                             |   | 2016                           |       |   | 2015 |   |
|                                             |   |                           |       |   |   |   |
| Net revenue                                      |   | $                              | 36,145,589 |   |   | $ | 20,261,172 |   |
| Cost of revenue                                  |   |                           | 29,608,932 |   |   |   | 13,391,504 |   |
| Gross profit                                     |   |                           | 6,536,657  |   |   |   | 6,869,668 |   |
|                                             |   |                           |       |   |   |   |   |   |
| Operating expenses:                              |   |                           |       |   |   |   |   |   |
| Selling and marketing                            |   |                           | 417,249    |   |   |   | 119,847 |   |
| General and administration                       |   |                           | 8,552,966  |   |   |   | 5,721,633 |   |
| Nonrecurring expenditures                        |   |                           | 1,585,136  |   |   |   | 1,655,962 |   |
| Depreciation and amortization                    |   |                           | 1,361,169  |   |   |   | 166,208 |   |
| Operating expenses                               |   |                           | 11,916,520 |   |   |   | 7,663,650 |   |
| Operating income (loss):                         |   |                           | (5,379,863 | ) |   |   | (793,982 | ) |
|                                             |   |                           |       |   |   |   |   |   |
| Interest expense                                 |   |                           | (751,074   | ) |   |   | (238,471 | ) |
| Interest income/other income                     |   |                           | -          |   |   |   | 89,918 |   |
| Other income                                     |   |                           | 16,604     |   |   |   | - |   |
| Change due to estimate correction                |   |                           | (410,817   | ) |   |   | - |   |
| Total other income (expenses)                    |   |                           | (1,145,287 | ) |   |   | (148,553 | ) |
| Net income (loss) before income taxes            |   |                           | (6,525,150 | ) |   |   | (942,535 | ) |
| Income tax benefit (provision)                   |   |                           | 3,747,846  |   |   |   | 128,460 |   |
| Net income (loss)                                |   |                           | (2,777,304 | ) |   |   | (814,075 | ) |
|     Non-controlling interest |   |                           | (3,382     | ) |   |   | - |   |
| Net income (loss) attributable to the Company    |   |                           | (2,780,686 | ) |   |   | (814,075 | ) |
|                                             |   |                           |       |   |   |   |   |   |
| Foreign exchange translation adjustment          |   |                           | (7,426     | ) |   |   | - |   |
|                                                  |   |                           |       |   |   |   |   |   |
| Comprehensive income (loss)                      |   | $                              | (2,788,112 | ) |   |   | (814,075 | ) |
|                                             |   |                           |       |   |   |   |   |   |
|                                             |   |                           |       |   |   |   |   |   |
| Basic income (loss) per share                    |   | $                              | (0.21      | ) |   | $ | (0.07 | ) |
| Diluted income (loss) per share                  |   | $                              | (0.21      | ) |   | $ | (0.07 | ) |
|                                             |   |                           |       |   |   |   |   |   |
| Basic weighted average number of shares          |   |                           | 13,068,597 |   |   |   | 11,101,198 |   |
| Diluted weighted average number of shares        |   |                           | 13,068,597 |   |   |   | 11,101,198 |   |

----

| AMERI HOLDINGS, INC.                                      |   |
|-----------------------------------------------------------|--------|
| CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY |   |
| FROM MARCH 31, 2015 TO DECEMBER 31, 2016                  |   |

|                                          |   | Common Stock |       |   | Preferred Stock    |   |    |   |   |   |               |   |   |                     |   |   |                             |   |       |               |
|-----------------------------------------------|--------|--------------|------------|--------|--------------------|--------|---------|--------|--------|--------|--------------------|--------|--------|--------------------------|--------|--------|----------------------------------|--------|------------|--------------------|
|                                          |   | Shares       |       |   | Par Value at $0.01 |   |    | Shares |   |   | Par Value at $0.01 |   |   | Additionalpaid-incapital |   |   | OtherComprehensive income (loss) |   |       | Accumulateddeficit |   | Non-Controlling Interests |   |   | Totalstockholders'equity |   |
| Balance at March 31, 2015                     |   |         | 9,992,828  |   |               | $      | 99,928  |   |   |   | -                  |   |   |                     | -      |   |                             | $      | 35,072     |               |   | $ | - |   |   | $ | 837,856 |   |   |   |   | $ | 972,856 |   |
| Issuance of capital for services              |   |         | 566,487    |   |               |   | 5,665   |   |   |   |               |   |   |                     |   |   |                             |   | 49,460     |               |   |   | - |   |   |   | - |   |   |   |   |   | 55,125 |   |
| Issuance of capital for board services        |   |         | 203,935    |   |               |   | 2,039   |   |   |   |               |   |   |                     |   |   |                             |   | -          |               |   |   | - |   |   |   | - |   |   |   |   |   | 2,039 |   |
| Recapitalization on May 26, 2015              |   |         | 875,816    |   |               |   | 8,758   |   |   |   |               |   |   |                     |   |   |                             |   | (31,401    | )                  |   |   | - |   |   |   | - |   |   |   |   |   | (22,643 | ) |
| Issuance of shares for acquisition            |   |         | 235,295    |   |               |   | 2,353   |   |   |   |               |   |   |                     |   |   |                             |   | 997,651    |               |   |   | - |   |   |   | - |   |   |   |   |   | 1,000,004 |   |
| Equity adjustments for business combinations  |   |         | -          |   |               |   | -       |   |   |   |               |   |   |                     |   |   |                             |   | -          |               |   |   | - |   |   |   | - |   |   |   |   |   | - |   |
| Stock, Option, RSU and Warrant Expense        |   |         | -          |   |               |   | -       |   |   |   |               |   |   |                     |   |   |                             |   | 141,910    |               |   |   | - |   |   |   | - |   |   |   |   |   | 141,910 |   |
| Net Loss                                      |   |         | -          |   |               |   | -       |   |   |   |               |   |   |                     |   |   |                             |   | -          |               |   |   | - |   |   |   | (1,890,758 | ) |   |   |   |   | (1,890,758 | ) |
| Balance at December 31, 2015                  |   |         | 11,874,361 |   |               | $      | 118,743 |   |   |   | -                  |   |   |                     | -      |   |                             | $      | 1,192,692  |               |   | $ | - |   |   | $ | (1,052,902 | ) |   |   |   | $ | 258,533 |   |
| Common stock issued                           |   |         | 500,000    |   |               |   | 5,000   |   |   |   |               |   |   |                     |   |   |                             |   | 2,995,000  |               |   |   | - |   |   |   | - |   |   |   |   |   | 3,000,000 |   |
| Conversion of notes into preferred shares     |   |         |       |   |               |   |    |   |   |   | 363,611            |   |   | $                        | 3,636  |   |                             |   | 5,121,364  |               |   |   |   |   |   |   |   |   |   |   |   |   | 5,125,000 |   |
| Conversion of warrants into common shares     |   |         | 1,111,111  |   |               |   | 11,111  |   |   |   |               |   |   |                     |   |   |                             |   | 1,988,889  |               |   |   | - |   |   |   | - |   |   |   |   |   | 2,000,000 |   |
| Issuance of shares for acquisition            |   |         | 400,500    |   |               |   | 4,006   |   |   |   |               |   |   |                     |   |   |                             |   | 2,603,247  |               |   |   | - |   |   |   | - |   |   |   |   |   | 2,607,253 |   |
| Stock, Option, RSU and Warrant Expense        |   |         | -          |   |               |   | -       |   |   |   |               |   |   |                     |   |   |                             |   | 1,457,647  |               |   |   | - |   |   |   | - |   |   |   |   |   | 1,457,647 |   |
| Non-Controlling Interests Net Income          |   |         |       |   |               |   |    |   |   |   |               |   |   |                     |   |   |                             |   |       |               |   |   |   |   |   |   |   |   |   |   | 3,382 |   |   |   | 3,382 |   |
| Accumulated other comprehensive income (loss) |   |         |       |   |               |   |    |   |   |   |               |   |   |                     |   |   |                             |   |       |               |   |   | (7,426 | ) |   |   |   |   |   |   |   |   |   |   | (7,426 | ) |
| Net Loss                                      |   |         | -          |   |               |   | -       |   |   |   |               |   |   |                     |   |   |                             |   | -          |               |   |   | - |   |   |   | (2,780,686 | ) |   |   |   |   |   |   | (2,780,686 | ) |
| Balance at December 31, 2016                  |   |         | 13,885,972 |   |               | $      | 138,860 |   |   |   | 363,611            |   |   | $                        | 3,636  |   |                             | $      | 15,358,839 |               |   | $ | (7,426 | ) |   | $ | (3,833,588 | ) |   | $ | 3,382 |   |   | $ | 11,663,703 |   |

----

|                                                                                        |   | Twelve MonthsEndedDecember 31, |       |
|---------------------------------------------------------------------------------------------|--------|--------------------------------|------------|
|                                                                                        |   | 2016                           |       |   | 2015 |   |
|                                                                                        |   |                           |       |   |   |   |
| Cash flow from operating activities                                                         |   |                           |       |   |   |   |
|    Net income/(loss)                                                              |   | $                              | (2,780,686 | ) |   | $ | (814,075 | ) |
|    Adjustment to reconcile income/(loss) to net cash used in operating activities |   |                           |       |   |   |   |   |   |
|      Depreciation and amortization                                      |   |                           | 1,361,169  |   |   |   | 166,284 |   |
|      Provision for doubtful debts/ (written back), net                  |   |                           | -          |   |   |   | 410,712 |   |
|    Accrued interest on convertible notes                                          |   |                           | 125,000    |   |   |   |  - |   |
|      Change due to estimate correction                                  |   |                           | 410,817    |   |   |   | - |   |
|      Stock, option, restricted stock unit and warrant expense           |   |                           | 1,457,647  |   |   |   | 141,910 |   |
|      Deferred income taxes, net                                         |   |                           | (3,488,960 | ) |   |   | - |   |
|      Foreign exchange translation adjustment                            |   |                           | (7,426     | ) |   |   | - |   |
| Changes in assets and liabilities:                                                          |   |                           |       |   |   |   |   |   |
| Increase (decrease) in:                                                                     |   |                           |       |   |   |   |   |   |
|    Accounts receivable                                                            |   |                           | (3,187,828 | ) |   |   | (3,548,324 | ) |
|    Other current assets                                                           |   |                           | (198,428   | ) |   |   | (169,549 | ) |
| Increase (decrease) in:                                                                     |   |                           |       |   |   |   |   |   |
|    Accounts payable and accrued expenses                                          |   |                           | 3,604,706  |   |   |   | (89,586 | ) |
| Net cash used in operating activities                                                  |   |                           | (2,703,989 | ) |   |   | (3,902,628 | ) |
| Cash flow from investing activities                                                         |   |                           |       |   |   |   |   |   |
|    Purchase of intangible and fixed assets                                        |   |                           | (3,688,996 | ) |   |   | (70,782 | ) |
|    Acquisition consideration payable                                              |   |                           | (2,903,066 | ) |   |   | (1,765,549 | ) |
| Net cash used in investing activities                                                       |   |                           | (6,592,062 | ) |   |   | (1,836,331 | ) |
| Cash flow from financing activities                                                         |   |                           |       |   |   |   |   |   |
|    Proceeds from loan funds                                                       |   |                           | 3,794,522  |   |   |   | 6,235,935 |   |
|    Non-Controlling Interests Net Income                                           |   |                           | 3,382      |   |   |   |  - |   |
|    Additional stock issued                                                        |   |                           | 5,000,000  |   |   |   | - |   |
| Net cash provided by financing activities                                                   |   |                           | 8,797,904  |   |   |   | 6,235,935 |   |
| Net increase (decrease) in cash and cash equivalents                                        |   |                           | (498,147   | ) |   |   | 496,976 |   |
| Cash and cash equivalents as at beginning of the year                                       |   |                           | 1,878,034  |   |   |   | 1,381,058 |   |
| Cash at the end of the year                                                                 |   | $                              | 1,379,887  |   |   | $ | 1,878,034 |   |

| SUPPLEMENTAL DISCLOSURES:                          |   |   |    |   |   |   |
|----------------------------------------------------|--------|--------|---------|--------|--------|--------|
|    Cash paid during the period for: |   |   |    |   |   |   |
|        Interest |   | $      | 362,792 |   |   | $      | 238,471 |   |
|        Taxes    |   | $      | -       |   |   | $      | - |   |

----

|  | (a) | A cash payment in the amount of $3,000,000 at closing; |
|--|-----|--------------------------------------------------------|

|  | (b) | 1,600,000 shares of our common stock, which are to be issued on July 29, 2018 or upon a change of control of our company (whichever occurs earlier); and, |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (c) | Earn-out payments of $1,500,000 payable in cash each year to be paid, if earned, in 2017 and 2018. The valuation of DCM was made on the basis of its projected revenues. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  | (a) | A cash payment in the amount of $675,000 which was due within 90 days of closing and was paid on October 21, 2016; |
|--|-----|--------------------------------------------------------------------------------------------------------------------|

|  | (b) | $659,138, or 101,250 shares of the Company's common stock at closing at a market price of $6.51 per share, on July 22, 2016; and, |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------|

|  | (c) | Earn-out payments in cash and stock of $450,000 and approximately $560,807, respectively, to be paid, if earned, in 2017, 2018 and 2019. The valuation of Virtuoso was made on the basis of its projected revenues. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (a) | A cash payment in the amount of $340,000 which was due within 90 days of closing and was paid on September 22, 2016; |
|--|-----|----------------------------------------------------------------------------------------------------------------------|

|  | (b) | Warrants for the purchase of 51,000 shares of our common stock, with such warrants exercisable for two years; and, |
|--|-----|--------------------------------------------------------------------------------------------------------------------|

|  | (c) | $255,000, which may become payable in cash as a commission to the sellers of Bigtech if Bigtech achieves certain revenue targets. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------|

----

|  | (a) | A cash payment in the amount of $3,000,000, which was paid at closing; |
|--|-----|------------------------------------------------------------------------|

|  | (b) | 235,295 shares of our common stock issued at closing; |
|--|-----|-------------------------------------------------------|

|  | (c) | $250,000 quarterly cash payments to be paid on the last day of each calendar quarter of 2016; |
|--|-----|-----------------------------------------------------------------------------------------------|

|  | (d) | A $1,000,000 cash reimbursement to be paid 5 days following closing to compensate Ameri Georgia for a portion of its approximate cash balance as of September 1, 2015; |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (e) | Approximately $2,910,817 paid within 30 days of closing in connection with the excess of Ameri Georgia's accounts receivable over its accounts payable as of September 1, 2015; and |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (f) | Earn-out payments of approximately $500,000 a year for 2016 and 2017, if earned through the achievement of annual revenue and EBITDA targets specified in the purchase agreement, subject to downward or upward adjustment depending on actual results. |
|--|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                                                    |   | 2016   |       |   | 2015   |   |
|---------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| Current:                                                |   |   |       |   |   |   |
|       Federal and state   |   | $      | (355,243   | )      |   | $      | 60,040 |   |
|       Foreign             |   |   | 96,357     |   |   |   | - |   |
| Total current provision                                 |   |   | (258,886   | )      |   |   | 60,040 |   |
| Deferred:                                               |   |   |       |   |   |   |   |   |
|       Federal and state   |   |   | (3,488,960 | )      |   |   | (979,006 | ) |
|       Foreign             |   |   | -          |   |   |   | - |   |
|       Valuation allowance |   |   | -          |   |   |   | 790,506 |   |
| Total deferred benefit                                  |   |   | (3,488,960 | )      |   |   | (188,500 | ) |
|                                                    |   |   |       |   |   |   |   |   |
| Total provision for income taxes                        |   | $      | (3,747,846 | )      |   | $      | (128,460 | ) |

----

|                          |   | December 31,2016 |       |   | December 31,2015 |   |
|-------------------------------|--------|------------------|------------|--------|------------------|--------|
|                          |   |             |       |   |             |   |
| Capitalized intangible assets |   | $                | 10,074,546 |   |             | $      | 3,279,263 |   |
| Accumulated amortization      |   |             | 1,309,842  |   |             |   | 164,750 |   |
| Total intangible assets       |   | $                | 8,764,704  |   |             | $      | 3,114,513 |   |

| Years ending December 31, |   | Amount |      |
|---------------------------|--------|--------|-----------|
|                      |   |   |      |   |
| 2017                      |   | $      | 2,464,184 |   |
| 2018                      |   |   | 2,115,592 |   |
| 2019                      |   |   | 1,748,250 |   |
| 2020                      |   |   | 1,621,000 |   |
| 2021                      |   |   | 815,678   |   |
| Total                     |   | $      | 8,764,704 |   |

----

|                          |   | December 31,2016 |       |   | December 31,2015 |   |
|------------------------------------|--------|------------------|------------|--------|------------------|--------|
| Virtuoso                           |   | $                | 939,881    |   |             | $      | - |   |
| DCM                                |   |             | 10,416,000 |   |             |   | - |   |
| Bigtech                            |   |             | 314,555    |   |             |   | - |   |
| Ameri Constlting Service Pvt. Ltd. |   |             | 1,948,118  |   |             |   | - |   |
| Ameri Georgia                      |   |             | 3,470,522  |   |             |   | 3,470,522 |   |
| Total                              |   | $                | 17,089,076 |   |             | $      | 3,470,522 |   |

|                           |   | December 31,2016 |      |   | December 31,2015 |   |
|-------------------------------------|--------|------------------|-----------|--------|------------------|--------|
| Legal fee payable                   |   | $                | 386,497   |   |             | $      | 338,946 |   |
| Advances from customers             |   |             | -         |   |             |   | 44,841 |   |
| Tax payable                         |   |             | 388,044   |   |             |   | 320,247 |   |
| Audit fee payable                   |   |             | 47,900    |   |             |   | 21,500 |   |
| Other liabilities                   |   |             | 145,524   |   |             |   | 310,784 |   |
| Travelling & conveyance payable |   |             | 16,358    |   |             |   | 1,010 |   |
| Salaries & wages payable        |   |             | 8,044     |   |             |   | - |   |
| Bonus payable                       |   |             | 62,060    |   |             |   | - |   |
| Consultancy fee payable             |   |             | 25,000    |   |             |   | 50,000 |   |
| 401(k) payable                      |   |             | -         |   |             |   | 3,486 |   |
| Total                               |   | $                | 1,079,427 |   |             | $      | 1,093,814 |   |

----

| · | Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities;                                                                                                                                                                         |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| · | Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument; and |
| · | Level 3 inputs are unobservable inputs based on our own assumptions used to measure assets and liabilities at fair value.                                                                                                                                                    |

|                                                                      | Twelve Months Ended                   |   |
|---------------------------------------------------------------------------|---------------------------------------|--------|
|                                                                      | December 31,                          |   |
|                                                                      | 2016                                  |   | 2015 |   |
|                                                                      | (In thousands, except per share data) |   |
|                                                                      |                                  |   |   |   |
| Basic net income (loss) per share:                                        |                                  |   |   |   |
| Net income (loss) applicable to common shares                             |                                  | $      | (2,788,112 | ) |   | $ | (814,075 | ) |
| Weighted average common shares outstanding                                |                                  |   | 13,068,597 |   |   |   | 11,101,198 |   |
| Basic net income (loss) per share of common stock                         |                                  | $      | (0.21 | ) |   | $ | (0.07 | ) |
| Diluted net income (loss) per share:                                      |                                  |   |   |   |   |   |   |   |
| Net income (loss) applicable to common shares                             |                                  | $      | (2,788,112 | ) |   | $ | (814,075 | ) |
| Weighted average common shares outstanding                                |                                  |   | 13,068,597 |   |   |   | 11,101,198 |   |
| Dilutive effects of convertible debt, stock options and warrants          |                                  |   | - |   |   |   | - |   |
| Weighted average common shares, assuming dilutive effect of stock options |                                  |   | 13,068,597 |   |   |   | 11,101,198 |   |
| Diluted net income (loss) per share of common stock                       |                                  | $      | (0.21 | ) |   | $ | (0.07 | ) |

----

----

|                                          |   | Number of Shares |     |   | Weighted Avg. Exercise Price |   |
|-----------------------------------------------|--------|------------------|----------|--------|------------------------------|--------|
| Options outstanding at December 31, 2015 |   |             | 150,000  |   |                         |   | 2.67 |   |
| Granted                             |   |             | 975,700  |   |                         | $      | 6.79 |   |
| Exercised                                     |   |             | -        |   |                         |   | - |   |
| Cancelled / Expired                           |   |             | (160,000 | )      |                         |   | 5.41 |   |
| Outstanding at December 31, 2016         |   |             | 965,700  |   |                         | $      | 6.38 |   |
| AverageExercise Price |   | Number ofShares |   | RemainingAverageContractualLife(in years) |   | ExercisePricetimesnumber ofShares |   | WeightedAverageExercisePrice |   | IntrinsicValue |   |
|-----------------------|--------|-----------------|--------|-------------------------------------------|--------|-----------------------------------|--------|------------------------------|--------|----------------|--------|
|                  | $      | 2.00            |   |                                      |   | 100,000                           |   |                         |   | 3.40           |   |   | $ | 200,000 |   |   | $ | 2.00 |   |   | $ | 451,000 |   |

|                                  |   | Number of Shares |      |   | Weighted Avg. Exercise Price |   |   | Weighted Avg. Remaining Term |   |   | Intrinsic Value |   |
|---------------------------------------|--------|------------------|-----------|--------|------------------------------|--------|--------|------------------------------|--------|--------|-----------------|--------|
| Outstanding at December 31, 2015 |   |             | 2,777,777 |   |                         |   | 1.80   |                         |   |   | 4.41            |   |   | $ | 13,333,330 |   |
| Granted                               |   |             | 1,000,000 |   |                         |   | 6.00   |                         |   |   | -               |   |   |   | - |   |
| Exercised                             |   |             | 1,111,111 |   |                         |   | 1.80   |                         |   |   | -               |   |   |   | - |   |
| Outstanding at December 31, 2016      |   |             | 2,666,666 |   |                         |   | 1.80   |                         |   |   | 3.90            |   |   | $ | 15,444,440 |   |

----

|   | (a) | in the case of Revolving Loans, a rate per annum equal to the sum of (i) the Wall Street Journal Prime Rate plus (ii) 2.00%; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------|
|   | (b) | in the case of the Term Loan, a rate per annum equal to the sum of (i) the Wall Street Journal Prime Rate plus (ii) 3.75%; and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------|
|   | (c) | in the case of other obligations of the Borrowers, a rate per annum equal to the sum of (i) the greater of (A) 3.25% or (B) Wall Street Journal Prime Rate plus (ii) 3.75%. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                              |   | 2016   |      |   | 2015   |   |
|---------------------------------------------------|--------|--------|-----------|--------|--------|--------|
| Notes outstanding under revolving credit facility |   | $      | 3,088,890 |   |   | $      | 1,235,935 |   |
| Term loan - current maturities                    |   |   | 405,376   |   |   |   | - |   |
| Total short-term debt                             |   | $      | 3,494,266 |   |   | $      | 1,235,935 |   |

|                                      |   | 2016   |      |   | 2015   |   |
|-------------------------------------------|--------|--------|-----------|--------|--------|--------|
|                                      |   |   |      |   |   |   |   |   |
| Term loan, due 2019                       |   | $      | 1,941,567 |   |   | $      | - |   |
| Less:  Current maturities            |   |   | 405,376   |   |   |   | - |   |
| Long-term debt, net of current maturities |   | $      | 1,536,191 |   |   | $      | - |   |

| Year        |   | Amounts |      |
|-------------|--------|---------|-----------|
|        |   |    |      |
| 2017        |   | $       | 405,376   |   |
| 2018        |   |    | 405,376   |   |
| 2019        |   |    | 1,130,815 |   |
|  Total |   | $       | 1,941,567 |   |

|   |   | Years ending December 31, |    |
|--------|--------|---------------------------|---------|
| 2017   |   | $                         | 251,512 |   |
| 2018   |   |                      | 112,901 |   |
| 2019   |   |                      | 79,478  |   |
| 2020   |   |                      | 18,754  |   |
| Total  |   | $                         | 462,645 |   |

----

|  | (a) | 576,923 shares of our common stock, |
|--|-----|-------------------------------------|

|  | (b) | Unsecured promissory notes issued to certain of ATCG's selling Stockholders for the aggregate amount of $3,750,000 (which notes bear interest at a rate of 6% per annum and mature on June 30, 2018) and |
|--|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (c) | Earn-out payments in shares of Ameri common stock (up to an aggregate value of $1,200,000 worth of shares) to be paid, if earned, in each of 2018 and 2019.  ATCG's financial statements will be filed by amendment of the Current Report on Form 8-K filed on March 13, 2017 to disclose the closing of the acquisition. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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