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
Our common stock trades on The Nasdaq Capital
Market tier of The Nasdaq Stock Market under the symbol ICCC. As of March 18, 2022, we had 15,000,000 common shares authorized and 7,742,864
common shares outstanding, and there were approximately 673 shareholders of record. We have not paid dividends on our common stock and
do not have any present plan or expectation to pay dividends.
Equity Compensation Plan Information
The table below summarizes the common stock reserved
for issuance upon the exercise of stock options outstanding as of December 31, 2021 or that could be granted in the future:
Number of shares
to be issued upon
exercise of
outstanding options
Weighted-average
exercise price of
outstanding options
Number of shares
remaining available for
future issuance
under stock-based
compensation plans
(excluding shares
reflected in first column
of this table)
Equity compensation plans approved by stockholders
443,000
$ 6.94
57,500
Equity compensation plans not approved by stockholders
—
—
—
Total
443,000
$ 6.94
57,500
Purchase of Equity Securities
During 2021,
we accepted cash and the surrender of 17,128 stock options with a fair market value ranging from $9.52 to $10.09 per share at the time
of exercise in consideration for the exercise of stock options. During 2020, we accepted cash and the surrender of 6,583 stock options
with a fair market value ranging from $5.94 to $5.99 per share at the time of exercise in consideration for the exercise of stock options.
In all cases, new shares were issued from treasury stock.
ITEM 6 — [RESERVED]
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.