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
The
Company’s shares are listed on the on the Nasdaq Capital Market (“Nasdaq”) under the trading symbol “INM”).
Holders
There were approximately
3,182 holders of record of our common stock as of June 30, 2021. On September 23, 2021, the last reported sales price per share of our
common stock was $1.83 per share.
Dividends
Subject to certain regulatory restrictions and to the
rights of holders of the Company’s preferred shares and any other class or series of shares having a preference as to dividends
over the common shares then outstanding, the shareholders are entitled to receive dividends, as and when declared by our board of directors
(the “Board”), subject to the rights, privileges and restrictions attaching to our securities, which may be paid in money,
property or by the issue of fully paid shares in our capital. No dividends on our common shares have been paid by us to date. We do not
intend to declare or pay any cash dividends in the foreseeable future. Payment of any future dividends will be at the discretion of our
Board, after taking into account a multitude of factors appropriate in the circumstances, including our operating results, financial condition
and current and anticipated cash needs. In addition, the terms of any future debt or credit facility may preclude us from paying any dividends
unless certain consents are obtained and certain conditions are met.
Canadian withholding tax at a rate of 25% (subject to reduction under the
provisions of any applicable income tax treaty or convention to which Canada is a signatory) will be payable on the gross amount of a
dividend on our common shares paid or credited, or deemed to be paid or credited, to a holder of our common shares who, for purposes of
the Income Tax Act (Canada), is not (and is not deemed to be) resident in Canada (a Non-Resident of Canada Holder). The Canadian withholding
tax will be deducted from the amount of any dividends otherwise payable and remitted to the Receiver General of Canada. The rate of withholding
tax applicable to a dividend paid on our common shares to a Non-Resident of Canada Holder who is a resident of the U.S. for purposes of
the Canada-U.S. Tax Convention (1980), or the Convention, is the beneficial owner of the dividend and qualifies for the full benefits
of the Convention will generally be reduced to 15% or, if such a Non-Resident of Canada Holder is a company that owns (or, for purposes
of the Convention, is considered to own) at least 10% of our voting shares, to 5%. Not all persons who are residents of the U.S. for purposes
of the Convention will qualify for the benefits of the Convention. A Non-Resident of Canada Holder who is a resident of the U.S. is advised
to consult his or her tax advisor in this regard. The rate of withholding tax on dividends is also reduced under other bilateral income
tax treaties to which Canada is a signatory.
Unregistered
Sales of Equity Securities
All prior unregistered sales of equity securities
have been previously included in a Quarterly Report on Form 10-Q or in a Current Report on Form 8-K and therefore need not be furnished
in this Annual Report.
Repurchases
of Equity Securities
None.
ITEM
6. SELECTED FINANCIAL DATA
We
are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and have therefore omitted the information required by this
Item 6.
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