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 10, 2023, we had 15,000,000 common shares authorized and 7,746,864
common shares outstanding, and there were approximately 661 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, 2022 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
605,000
$ 7.19
229,500
Equity compensation plans not approved by stockholders
—
—
—
Total
605,000
$ 7.19
229,500
Purchase of Equity Securities
During 2022,
we accepted $30,670 in cash in consideration for the exercise of stock options. During 2021, we accepted $11,693 in cash and the surrender
of 17,128 stock options with a fair market value ranging from $9.52 to $10.02 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.