| | |
Per Share
|
| |
Total
|
| ||||||
Public Offering Price
|
| | | $ | 5.00 | | | | | | 13,000,000 | | |
Underwriting discount(1)
|
| | | $ | 0.275 | | | | | | 715,000 | | |
Proceeds to us, before expenses
|
| | | $ | 4.725 | | | | | | 12,285,000 | | |
| | | | | S-1 | | | |
| | | | | S-2 | | | |
| | | | | S-3 | | | |
| | | | | S-6 | | | |
| | | | | S-7 | | | |
| | | | | S-27 | | | |
| | | | | S-28 | | | |
| | | | | S-29 | | | |
| | | | | S-30 | | | |
| | | | | S-33 | | | |
| | | | | S-33 | | | |
| | | | | S-33 | | | |
| | | | | S-34 | | |
| | |
As of September 30, 2017
|
| |||||||||
| | |
Actual
|
| |
As Adjusted
|
| ||||||
Cash and cash equivalents
|
| | | $ | 2,585,453 | | | | | $ | 14,462,203 | | |
Total liabilities(1)(2)
|
| | | | 12,457,954 | | | | | | 12,457,954 | | |
Stockholders’ equity: | | | | ||||||||||
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none outstanding
|
| | | | 0 | | | | | | 0 | | |
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 21,950,460 shares issued and outstanding, actual; 24,550,460 shares issued and outstanding, as adjusted
|
| | | | 21,949 | | | | | | 24,550 | | |
Additional paid-in capital
|
| | | | 165,149,086 | | | | | | 177,431,486 | | |
Accumulated deficit
|
| | | | (149,989,004) | | | | | | (150,397,254) | | |
Total stockholders’ equity
|
| | | | 15,182,031 | | | | | | 27,058,782 | | |
|
Public offering price per share
|
| | | $ | 5.00 | | |
|
Net tangible book value per share as of September 30, 2017
|
| | | $ | 0.23 | | |
|
Increase per share attributable to this offering
|
| | | $ | 0.46 | | |
|
As adjusted net tangible book value per share as of September 30, 2017 after this
offering |
| | | $ | 0.69 | | |
|
Dilution per share to new investors participating in this offering
|
| | | $ | 4.31 | | |
Underwriter
|
| |
Number of Shares
|
| |||
Oppenheimer & Co. Inc.
|
| | | | 1,300,000 | | |
Lake Street Capital Markets, LLC
|
| | | | 1,300,000 | | |
| | |
Per Share
|
| |
Total Without Exercise of
Over-Allotment Option |
| |
Total With Full Exercise of
Over-Allotment Option |
| |||||||||
Oppenheimer & Co. Inc.
|
| | | $ | 0.275 | | | | | $ | 357,500 | | | | | $ | 411,125 | | |
Lake Street Capital Markets, LLC
|
| | | $ | 0.275 | | | | | $ | 357,500 | | | | | $ | 411,125 | | |
Total
|
| | | | | | | | | $ | 715,000 | | | | | $ | 822,250 | | |
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 3 | | | |
| | | | | 4 | | | |
| | | | | 5 | | | |
| | | | | 6 | | | |
| | | | | 7 | | | |
| | | | | 8 | | | |
| | | | | 9 | | | |
| | | | | 10 | | | |
| | | | | 11 | | | |
| | | | | 15 | | | |
| EXPERTS | | | | | 15 | | |
| | | | | 15 | | | |
| | | | | 16 | | |
Selling Stockholder
|
| |
Number of
Shares of Common Stock Beneficially Owned before Offering |
| |
Number of
Shares of Common Stock Offered |
| |
Number of
Shares of Common Stock Beneficially Owned After Offering |
| |
Percentage
of Common Stock Beneficially Owned After Offering |
| ||||||||||||
Nicole Braun
|
| | | | 1,971,816 | | | | | | 1,000,000 | | | | | | 971,816 | | | | | | 5.6% | | |