Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER EQUITY SECURITIES
Market
Information
Our
common stock has been quoted on the NASDAQ market under the symbol “CODX” since July 12, 2017.
Holders
As
of March 29, 2026, the last reported sales price reported on NASDAQ for our common stock was $1.75 per share. As of March 29, 2026, we
had approximately 154 record holders of our common stock. The number of record holders was determined from the records of our transfer
agent and does not include beneficial owners of common stock whose shares are held in the names of various security brokers, dealers,
and registered clearing agencies. The transfer agent for our common stock is VStock Transfer LLC located at 18 Lafayette Pl, Woodmere,
New York 11598.
Dividends
We
have never declared or paid any cash dividends on our capital stock. The payment of dividends on our common stock in the future will
depend on our earnings, capital requirements, operating and financial condition and such other factors as our board of directors may
consider appropriate. We currently expect to use all available funds to finance the future development and expansion of our business
and do not anticipate paying dividends on our common stock in the foreseeable future.
Pursuant
to Section 16-10a-640 of the Utah Revised Business Corporation Act, no distribution may be made if, after giving it effect:
(a)
the
corporation would not be able to pay its debts as they become due in the usual course of business; or
(b)
the
corporation’s total assets would be less than the sum of its total liabilities plus, unless the articles of incorporation permit
otherwise, the amount that would be needed, if the corporation were to be dissolved at the time of the distribution, to satisfy the
preferential rights upon dissolution of shareholders whose preferential rights are superior to those receiving the distribution.
Securities
authorized for issuance under equity compensation plans
Information
about our equity compensation plans in Item 12 of Part III of this Annual Report on Form 10-K is incorporated herein by reference.
Recent
Sales of Unregistered Securities
None.
27
ITEM
6. RESERVED
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