EX-FILING FEES 5 ex107.htm CALCULATION OF REGISTRATION FEE

 

 

Exhibit 107

 

CALCULATION OF REGISTRATION FEE

 

Title of Each Class of Securities to be Registered   Shares to be Registered(1)   Proposed Maximum Offering Price Per Share   Proposed Maximum Aggregate Offering Price   Amount of Registration Fee(4) 
Primary Offering:                    
Common Stock, par value $0.001 per share   20,000,000   $1.25(2)  $25,000,000.00   $3,690.00 
Common stock, par value $0.001 per share, held by Selling Shareholders (3)   731,893   $0.4102   $300,222.51   $44.31 
Common stock issuable upon exercise of warrants issued in connection with convertible promissory notes (5)   2,365,063   $0.305   $721,341.42   $106.47 
                     
Total   23,096,956        $26,021,566.72   $3,840.78 

 

(1) Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), the Registrant is also registering an indeterminate number of additional shares of common stock, par value $0.001 per share (the “Common Stock”), that may become issuable as a result of any stock dividend, stock split, recapitalization or other similar transaction.
(2) Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(i) under the Securities Act. The price per share is based upon the maximum sales price of one dollar and twenty five cents ($1.250) per share of Common Stock.
(3) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) of the Securities Act, based upon the average of the high and low selling prices of the Common Stock on December 20, 2024, as reported on The Nasdaq Global Market.
(4) Calculated by multiplying the proposed maximum aggregate offering price of securities to be registered by 0.00014760.
(5) Calculated by number of outstanding warrants by the maximum exercise price of $0.305 for those warrants held by certain Selling Shareholders.