(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered and Carry Forward Securities
Security
Type
Security
Class
Title
Fee Calculation or Carry
Forward Rule
Amount
Registered
Proposed Maximum Offering
Price Per
Unit
(1)
Maximum Aggregate Offering
Price
(1)
Fee
Rate
Amount of Registration Fee
Carry Forward Form
Type
Carry Forward File
Number
Carry Forward Initial
effective
date
Filing Fee Previously Paid In
Connection
with
Unsold
Securities
to be
Carried
Forward
Newly Registered Securities
Fees to Be Paid
Equity
Common stock, no par value per share(2)
457(o)
4,312,500
$4.00
$17,250,000
0.00011020
$1,900.95
Fees to Be Paid
Equity
Common stock, no par value per share underlying Underwriter Warrants(3)
457(o)
345,000
$4.40
$1,518,000
0.00011020
$167.28
Carry Forward Securities
Carry
Forward
Securities
Total Offering Amounts
$18,768,000
$2,068.23
Total Fees Previously Paid
Total Fee Offsets
Net Fee Due
$2,068.23
(1)
The registration fee for securities is based on an estimate of the Proposed Maximum Aggregate Offering Price of the securities, assuming the sale of the maximum number of shares at the highest expected offering price, and such estimate is solely for the purpose of calculating the registration fee pursuant to Rule 457(o). Includes the offering price attributable to additional shares that the underwriter has the option to purchase to cover over-allotments, if any.
(2)
In accordance with Rule 416(a), the Registrant is also registering an indeterminate number of additional common stocks that shall be issuable pursuant to Rule 416 to prevent dilution resulting from share splits, share dividends or similar transactions.
(3)
The Registrant will issue to the Underwriter warrants to purchase a number of common stocks equal to an aggregate of eight percent (8%) of the common stocks (the “Underwriter Warrant”) sold in the offering. The exercise price of the Underwriter Warrants is equal to 110% of the offering price of the common stocks offered hereby. The Underwriter’s Warrants are exercisable commencing 180 days from the closing date of the offering at any time, and from time to time, in whole or in part, for a period of five years from the commencement of sales of the offering. ;
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