Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: (b) The section entitled Use of Proceeds from our
−Removed: registration statement filed on November 12, 2009, as amended (the Registration Statement) is incorporated herein by reference.
−Removed: The effective date of the Registration Statement is March 26, 2010, and the Commission file number
−Removed: assigned to the Registration Statement is 333-163041.
−Removed: The Registration Statement registered the offering of up to 1,500,000 common shares (the Offering).
−Removed: As of September 30, 2010, the Company has spent proceeds from the Offering in
−Removed: accordance with the following table:
+Added: (a) On March 8, 2011, Dehaier issued 10,000 unregistered common shares to RedChip Companies, Inc.
+Added: in return for investment relations services provided to Dehaier.
+Added: No cash was provided for the shares;
+Added: however, the fair value of the shares on the issuance date was $59,300.
+Added: 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.
+Added: (b) The section entitled Use of Proceeds from our registration statement filed on November 12, 2009, as amended (the
+Added: Registration Statement) is incorporated herein by reference.
+Added: The effective date of the Registration Statement is March 26, 2010, and the Commission file number assigned to the Registration Statement is 333-163041.
+Added: The Registration
+Added: Statement registered the offering of up to 1,500,000 common shares (the Offering).
+Added: As of March 31, 2011, the Company has spent proceeds from the Offering in accordance with the following table:
Description of Use
4 unchanged sentences
Working Capital
−Removed: $263,291 in expenditure as of June 30, 2010 have been reclassified as a result of a re-application of R&D expenses as medical device merchandise purchases upon
−Removed: termination of a joint development agreement.
+Added: 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
+Added: $1,030,387 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
+Added: 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.