| | Per Share | | | Total | |
Public Offering Price | | | $1.465 | | | $1,198,000.82 |
Placement Agent Fees(1) | | | $0.103 | | | $83,860.06 |
Proceeds, before expenses, to us | | | $1.362 | | | $1,114,140.76 |
(1) | Includes a cash fee of 7.0% of the aggregate gross proceeds in this offering. In addition, we have agreed to pay the Placement Agent a management fee equal to 1.0% of the aggregate gross proceeds raised in this offering, up to $35,000 for non-accountable expenses and up to $50,000 of legal counsel and other out-of-pocket expenses in connection with the offering. We have also agreed to issue to the placement agent unregistered warrants to purchase a number of shares of common stock equal to 7.0% of the aggregate number of shares of common stock sold in this offering. See “Plan of Distribution” for additional disclosure regarding Placement Agent’s compensation. |