| | |
Per Share
|
| |
Total
|
| ||||||
Public offering price
|
| | | $ | | | | | $ | | | ||
Underwriting discounts and commissions(1)
|
| | | $ | | | | | $ | | | ||
Proceeds to us, before expenses(2)
|
| | | $ | | | | | $ | | | |
| | |
Page
|
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| | | | S-iii | | | |
| | | | S-1 | | | |
| | | | S-9 | | | |
| | | | S-15 | | | |
| | | | S-17 | | | |
| | | | S-18 | | | |
| | | | S-19 | | | |
| | | | S-21 | | | |
| | | | S-23 | | | |
| | | | S-24 | | | |
| | | | S-29 | | | |
| | | | S-35 | | | |
| | | | S-35 | | | |
| | | | S-35 | | | |
| | | | S-35 | | |
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June 30, 2023
|
| | | | | | | |||||||||
| | |
(unaudited)
|
| | | | | | | |||||||||
| | |
Actual
|
| |
As
Adjusted |
| |
As Further
Adjusted |
| |||||||||
Cash
|
| | | $ | 3,572,475 | | | | | $ | 10,717,166 | | | | | $ | | | |
Stockholders’ equity
|
| | | | | | | | | | | | | | | | | | |
Preferred stock – $0.0001 par value; 10,000,000 shares authorized actual and as adjusted; no shares issued or outstanding actual, as adjusted or as further adjusted
|
| | | | — | | | | | | — | | | | | | | | |
Common stock – $0.0001 par value; 290,000,000 shares authorized; 1,950,674 shares issued and outstanding actual; 19,522,047 shares issued and outstanding as adjusted; and shares issued and outstanding as further adjusted
|
| | | $ | 195 | | | | | $ | 2,010 | | | | | $ | | | |
Additional paid-in capital
|
| | | | 39,121,104 | | | | | | 46,264,075 | | | | | | | | |
Accumulated deficit
|
| | | | (37,028,836) | | | | | | (37,028,836) | | | | | | | | |
Total stockholders’ equity
|
| | | $ | 2,092,463 | | | | | $ | 9,237,249 | | | | | $ | | | |
Total capitalization
|
| | | $ | 2,092,463 | | | | | $ | 9,237,249 | | | | | $ | | | |
| | | | | | | | | | | | | | | | | | | |
|
Offering price per share
|
| |
|
| | | $ | | | ||||
|
Pro forma net tangible book value per share at June 30, 2023, as adjusted
|
| | | $ | 0.46 | | | | | | | | |
|
Increase in book value per share attributable to new investors
|
| | | $ | | | | | | | | | |
|
As further adjusted pro forma net tangible book value per share after this offering
|
| | | | | | | | | $ | | | |
|
Dilution per share to new investors
|
| | | | | | | | | $ | | | |
| | | | | | | | | | | | | | |
Underwriter
|
| |
Number of
Shares |
|
ThinkEquity LLC
|
| | | |
Total
|
| | | |
| | | | |
| | |
Per Share
|
| |
With No
Over-Allotment |
| |
With Full
Over-Allotment |
| |||||||||
Public offering price
|
| | | $ | | | | | $ | | | | | $ | | | |||
Underwriting discount (7.5%)
|
| | | $ | | | | | $ | | | | | $ | | | |||
Proceeds, before expenses, to us(1)
|
| | | $ | | | | | $ | | | | | $ | | | |||
Non-accountable expense allowance (1%)
|
| | | $ | | | | | $ | | | | | $ | | | | ||
| | | | | | | | | | | | | | | | | | | |
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