−Removed: SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: March 2023, holders of 73,000 warrants previously issued by the Company on November 9, 2021 in reliance on the exemption from registration
−Removed: pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) with an exercise price of $2.90
−Removed: exercised their warrants on a cashless basis, which resulted in the issuance of an additional 31,102 shares of the Company’s common
−Removed: During the same period, holders of 15,000 warrants previously issued by the Company on November 22, 2021 in reliance on the exemption
−Removed: from registration pursuant to Section 4(a)(2) of the Securities Act with an exercise price of $3.32 exercised their warrants by paying
−Removed: the exercise price, which resulted in the issuance of an additional 15,000 shares of common stock and the receipt by the Company of $49,800.
−Removed: March 31, 2023, at the closing price of $4.84 per share, the Company issued 52,000 shares of common stock in reliance on the exemption
−Removed: from registration pursuant to Section 4(a)(2) of the Securities Act as part of the settlement agreement with Ravi Sinha dated March 21,
−Removed: See Item 1 “Legal Proceedings” of Part II Other Information.
−Removed: UPON SENIOR SECURITIES
−Removed: SAFETY DISCLOSURES
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
+Added: Sales of Unregistered Securities from Registered Securities
+Added: April 2023, holders of 22,606 warrants previously issued by the Company on November 22, 2021 in reliance on the exemption from registration
+Added: pursuant to Section 4(a)(2) of the Securities Act with an exercise price of $3.32 exercised their warrants on a cashless basis, which
+Added: resulted in the issuance of an additional 10,151 shares of the Company’s common stock.
+Added: As of the date of this Quarterly Report
+Added: on Form 10-Q, the Company had 747,830 outstanding warrants.
+Added: of Proceeds from Registered Securities
+Added: April 5, 2022, we completed our initial public offering of 2,145,000 shares of common stock, including shares issued upon the exercise
+Added: in full of the underwriters’ option to purchase 321,750 additional shares of common stock, at a public offering price of $7.00
+Added: per share, resulting in aggregate gross proceeds of $17,267,250 and net proceeds of $14,772,487 after issuance costs of $2,494,763.
+Added: offer and sale of these shares were registered under the Securities Act pursuant to a registration statement on Form S-1 (File No.
+Added: which was declared effective by the SEC on March 31, 2022.
+Added: Paulson Investment Company LLC, Alexander Capital, LP and Revere Securities
+Added: LLC acted as underwriters for the offering.
+Added: Shares of our common stock began trading on The Nasdaq Capital Market on April 1, 2022 and,
+Added: following the sale of all the shares upon the closing of the initial public offering on April 5, 2022, the offer terminated.
+Added: offering expenses were paid directly or indirectly to any of our directors, officers, persons owning 10% or more of any class of our
+Added: equity securities, or to their associates, or to our affiliates.
+Added: There has been no material change in the planned use of proceeds from
+Added: our initial public offering from that described in the final prospectus for our initial public offering dated March 31, 2022 and filed
+Added: with the SEC pursuant to Rule 424(b)(4) under the Securities Act on April 4, 2022 and those disclosed in this Quarterly Report.
+Added: DEFAULTS UPON SENIOR SECURITIES
+Added: MINE SAFETY DISCLOSURES
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.