Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: (a) On March 8, 2011, Dehaier issued 10,000 unregistered common shares to RedChip Companies, Inc.
−Removed: in return for investment relations services provided to Dehaier.
−Removed: No cash was provided for the shares;
−Removed: however, the fair value of the shares on the issuance date was $59,300.
−Removed: This issuance was deemed to be exempt under the Securities Act of 1933 by virtue of Section 4(2) thereof as a transaction not involving any public offering.
−Removed: (b) The section entitled Use of Proceeds from our registration statement filed on November 12, 2009, as amended (the
−Removed: Registration Statement) is incorporated herein by reference.
+Added: (b) The section entitled “Use of Proceeds” from our registration statement filed on November 12, 2009, as amended (the “Registration Statement”) is incorporated herein by reference.
The effective date of the Registration Statement is March 26, 2010, and the Commission file number assigned to the Registration Statement is 333-163041.
−Removed: The Registration
−Removed: Statement registered the offering of up to 1,500,000 common shares (the Offering).
−Removed: As of March 31, 2011, the Company has spent proceeds from the Offering in accordance with the following table:
+Added: The Registration Statement registered the offering of up to 1,500,000 common shares (the “Offering”).
+Added: As of June 30, 2011, the Company has spent proceeds from the Offering in accordance with the following table:
Description of Use
Actual Expenditures
−Removed: September 30, 2010
+Added: June 30, 2011
Product Research and Development
1 unchanged sentence
Working Capital
−Removed: have not yet completed any acquisitions, our management determined that it was in the best interest of the company to devote IPO proceeds to continue to grow our business.
−Removed: In particular, we exceeded our anticipated marketing expenditures by
−Removed: $1,030,387 and our anticipated working capital expenditures by $770,977, in part by participating in several international medical device manufacturer fairs.
−Removed: To the extent we are able to engage in acquisitions, we will need to rely on a variety of
−Removed: sources of funding, including but not limited to remaining offering proceeds, operating cash and debt and/or equity financing.
+Added: Because we have not yet completed any acquisitions, our management determined that it was in the best interest of the Company to devote IPO proceeds to continue to grow our business.
+Added: In particular, we exceeded our anticipated marketing expenditures by $1,194,018 and our anticipated working capital expenditures by $770,977, in part by participating in several international medical device manufacturer fairs.
+Added: To the extent we are able to engage in acquisitions, we will need to rely on a variety of sources of funding, including but not limited to remaining offering proceeds, operating cash and debt and/or equity financing.
Defaults upon Senior Securities
1 unchanged sentence
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.