Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market
Information
Our
Common Stock, par value $0.007 per share (the “Common Stock”) trades under the symbol “BIAF.” Our tradeable warrants,
each to purchase one share of Common Stock (collectively, the “Tradeable Warrants”), trade under the symbol “BIAFW.”
Our Common Stock and Tradeable Warrants trade on The Nasdaq Capital Market.
Holders
of Record
As
of March 20, 2024, there were approximately 79 holders of record of shares of our Common Stock. This number does not reflect the beneficial
holders of our common stock who hold shares in street name through brokerage accounts or other nominees.
Dividends
We
have never declared or paid any cash dividends on our capital stock. We intend to retain all available funds and future earnings, if
any, to fund the development and expansion of our business, and we do not anticipate declaring or paying any cash dividends in the foreseeable
future. Any future determination regarding the declaration and payment of dividends, if any, will be at the discretion of our Board of
Directors and will depend on then-existing conditions, including our financial condition, results of operations, contractual restrictions,
capital requirements, business prospects, and other factors our Board of Directors may deem relevant.
Unregistered
Sales of Equity Securities
We
did not sell any equity securities during the quarter ended December 31, 2023, in transactions that were not registered under the Securities
Act other than as previously disclosed in our filings with the SEC and as described below. We believe that each transaction was exempt
from the registration requirements of the Securities Act by virtue of Section 4(a)(2) thereof.
On
October 1, 2023, we issued an aggregate of 94,936 restricted shares of our Common Stock to our seven directors, which shares of restricted
stock will vest ratably over three months of continued service and which represents a restricted stock award to each director valued
at $18,750 granted by us to each of our directors each quarter during the calendar year as part of our director compensation policy.
On
October 1, 2023, we issued 3,164 shares of our Common Stock to a consultant pursuant to the terms of a consulting agreement in consideration
of services provided.
In November 2023 to an investor relations firm of 50,000 shares of common
stock for services provided. The investor relations firm was a sophisticated investor, received shares that had a restricted legend and
had adequate access, though their relationships with the Company, to information about the Company.
Securities
Authorized for Issuance Under Equity Compensation Plans
The
following table presents information as of December 31, 2023, with respect to shares of our Common Stock that may be issued under our
2014 Equity Incentive Plan.
Plan
category
Number of
securities to
be issued upon
exercise
of outstanding
options,
warrants, and
rights
Weighted-average
exercise price of
outstanding options,
warrants, and rights
Number of
securities
remaining
available for
future issuance
under equity
compensation
plans (excluding
securities
reflected in
column (a)) (1)
(a)
(b)
(c)
Equity compensation plans approved
by security holders
676,553
$ 3.98
683,175
Equity compensation plans not approved by security
holders
Total
676,553
$ 3.98
683,175
(1) The number of shares of Common Stock that may be issued pursuant to awards under the 2014 Equity Incentive Plan
shall not exceed in the aggregate the greater of (i) 8,000,000 shares of Common Stock, or (ii) that number of shares equal to 20% of the
total issued and outstanding shares of Common Stock.
Item
6. [Reserved.]