What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2023-03-16 compared with 2022-04-01 · 23 added, 25 removed, 12 unchanged (80% of the section changed)

2 unchanged sentences

there was no public market for our common stock.

of Proceeds from Initial Public Offering

January 14, 2022, we closed the initial public offering of our common stock pursuant to which we issued and sold 3,750,000 shares of

our common stock at a price to the public of $4.00 per share.

All of the shares of common stock issued and sold in our initial public

offering were registered under the Securities Act pursuant to a registration statement on Form S-1 (File No.

333-259821), which was declared

effective by the SEC on January 11, 2022.

We received net proceeds of approximately $13.0 million, after deducting underwriting discounts

and commissions and offering expenses borne by us.

None of the expenses incurred by us were direct or indirect payments to any of (i)

our directors or officers or their associates, (ii) persons owning 10% or more of our common stock, or (iii) our affiliates.

been no material change in the planned use of proceeds from our initial as described in our final prospectus filed with the SEC on January

13, 2022 pursuant to Rule 424(b)(4).

ThinkEquity acted as sole book-running manager for the offering.

The offering commenced on January

11, 2022 and did not terminate before all securities registered in the registration statement were sold.

of March 10, 2023, there were 21 stockholders of record of our common stock.

The actual number of holders of our common stock

is greater than this number of record holders, and includes stockholders who are beneficial owners, but whose shares are held in street

name by brokers or held by other nominees.

This number of holders of record also does not include stockholders whose shares may be held

in trust by other entities.

The actual number of holders of our common stock is greater

than this number of record holders, and includes stockholders who are beneficial owners, but whose shares are held in street name by

brokers or held by other nominees.

This number of holders of record also does not include stockholders whose shares may be held in trust

by other entities.

have never paid or declared any cash dividends on our common stock, and we do not anticipate paying any cash dividends on our common

6 unchanged sentences

Sales of Unregistered Securities

January 2021 to December 15, 2021, we issued convertible promissory notes in an aggregate principal amount of $1,716,992 to certain investors.

January 2021 to June 15, 2021, we granted stock options to purchase an aggregate of 227,737 shares of our common stock at a weighted-average

exercise price of $7.756 per share to employees, directors and non-employee service providers pursuant to our 2019 Stock Incentive Plan.

foregoing offers, sales and issuances were exempt from registration under Section 4(a)(2) of the Securities Act or Rule 701 of the Securities

February 25, 2022, we issued 31,746 shares of common stock for services.

foregoing issuance was exempt from registration under Section 4(a)(2) of the Securities Act.

Purchases of Equity Securities

following table provides information about our purchases of equity securities during the quarter ended December 31, 2022.

quarter ended December 31, 2022, we repurchased 15,717 shares of our common stock at a cost of $7,818 and $930,035 remained authorized

for share repurchase.

per Share (1)

Value of Shares

The average price paid per share and approximate dollar value of shares that may yet be purchased under the share repurchase program

exclude fees, commissions, and other charges for the related transactions.

On June 9, 2022, our Board of Directors authorized the repurchase of up to

$1,000,000 shares of our common stock until December 31, 2022.

On June 10, 2022, we entered into a Repurchase Agreement (the “Repurchase

Agreement”) with a financial institution pursuant to which such financial institution could purchase shares of our common stock

upon the terms and conditions set forth in such agreement, including in accordance with the guidelines specified in Rules 10b5-1 and 10b-8

under the Exchange Act.

Shares of our common stock could have been repurchased in open market or through privately-negotiated transactions.

Our share repurchase plan became expired on December 31, 2022.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity