| Amendment Description |
CALCULATION
OF REGISTRATION FEE
|
Title
of each class of
securities
to be registered(1)
|
Amount
Being Registered |
Proposed
Maximum Offering Price per Security(2) |
Proposed
Maximum
Aggregate
Offering
Price(3) |
Amount
of
Registration
Fee(4) |
| Units
consisting of Common Stock and Warrants(5) |
1,955,000
Units |
$6.75 |
$13,196,250 |
$1,328.86 |
| Common
Stock, par value $0.01 per share underlying Units |
1,955,000
Shares |
|
|
(6)
|
| Warrants
to purchase Common Stock underlying Units |
1,955,000
Warrants |
|
|
(6) |
| Common
Stock issuable upon exercise of Warrants in Units(7) |
1,466,250
Shares |
$8.43 |
$12,360,487.50 |
$1,244.70 |
| Warrants
to purchase Common Stock issued to the underwriters |
156,400
Warrants |
|
|
(6) |
| Common
Stock issuable upon exercise of Warrants issued to the underwriters(8) |
156,400
Shares |
$8.43 |
$1,318,452 |
$132.77 |
| Total |
|
|
$26,875,189.50 |
$2,706.33 |
| (1) |
In the
event of a stock split, reverse stock split, stock dividend or similar transaction involving our common stock, the number
of shares registered shall automatically be adjusted to cover the additional shares of stock issuable pursuant to Rule 416
under the Securities Act of 1933, as amended. |
| (2) |
Estimated solely
for the purpose of calculating the registration fee. |
| (3) |
Estimated
solely for the purpose of computing the amount of the registration fee pursuant to Rule 457(o) under the Securities Act of
1933, as amended. |
| (4) |
Calculated
pursuant to Rule 457(o) based on an estimate of the total proposed maximum aggregate offering price, which has been previously
paid. |
| (5) |
Includes 255,000
shares of common stock and 255,000 warrants to purchase 0.75 share of common stock, which may be issued upon exercise of a
45-day option granted to the underwriters to cover over-allotments, if any. |
| (6) |
No fee pursuant
to Rule 457(g). |
| (7) |
Assumes, solely
for the purpose of calculating the registration fee, that each warrant in the offering will be for 0.75 share of common stock
and will have an exercise price equal to 125% of the assumed offering price of the units registered hereunder. |
| (8) |
Assumes, solely
for the purpose of calculating the registration fee, that the underwriters sold 1,955,000 units, which is inclusive of their
over-allotment option, and the exercise price of the underwriters’ warrant is $8.43, which is equal to 125% of the assumed
offering price of the units registered hereunder. |
The
Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until
the Registrant shall file a further amendment which specifically states that this registration statement shall thereafter become
effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the registration statement shall
become effective on such date as the Securities and Exchange Commission, acting pursuant to Section 8(a), may determine.
|