Exhibit 107
CALCULATION OF REGISTRATION FEE
Title of each class of securities to be registered | Proposed maximum aggregate offering price (1)(2) | Amount of registration fee | ||||||
Common Stock, par value $0.001 per share(2)(3) | $ | 25,000,000 | $ | 2,317.50 | ||||
Underwriter Warrants(4)(5) | — | — | ||||||
Common Stock underlying Underwriter Warrants(4) | 1,562,500 | 144.84 | ||||||
Total | 26,562,500 | 2,462.34 | (6) |
(1) | Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(o) under the Securities Act of 1933, as amended. |
(2) | Includes shares of common stock which may be issued on exercise of a 45-day option granted to the underwriters to cover over-allotments, if any. |
(3) | Pursuant to Rule 416, the securities being registered hereunder include such indeterminate number of additional securities as may be issued after the date hereof as a result of stock splits, stock dividends or similar transactions. |
(4) | We have agreed to issue, on the closing date of this offering, warrants to the representative of the underwriters, Joseph Stone Capital, LLC, in an amount equal to 5% of the aggregate number of shares of common stock sold by us in this offering. The exercise price of the underwriter warrants is equal to 125% of the price of our common stock offered hereby. |
(5) | No fee pursuant to Rule 457(g) under the Securities Act of 1933, as amended. |
(6) | Previously paid. |