| | Per Unit | | | Total | |
Public offering price | | | $15.00 | | | $2,250,000 |
Placement agent fees(1) | | | $1.20 | | | $180,000 |
Proceeds, before expenses, to us(2) | | | $13.80 | | | $2,070,000 |
(1) | Represents a cash fee equal to 8% of the aggregate purchase price paid by investors in this offering. We have also agreed to reimburse the placement agents for certain of their offering-related expenses. See “Plan of Distribution” beginning on page 53 of this prospectus for a description of the compensation to be received by the Placement Agent. |
(2) | The amount of offering proceeds to us presented in this table does not give effect to any exercise of the Warrants. |
LAKE STREET | | | | | MAXIM GROUP LLC |