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Exhibit 107

Calculation of Filing Fee Tables

 

Form S-3

(Form Type)

 

Modular Medical, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

Table 1: Newly Registered Securities

 

   Security 
Type
 

Security 
Class

Title

  Fee
Calculation 
Rule
  Amount
Registered(1)(2)
   Proposed 
Maximum  
Offering 
Price Per 
Unit
  

Maximum  
Aggregate  
Offering

Price 

  

Fee

Rate

   Amount of  
Registration
Fee
 
 
Newly Registered Securities
                                   
Fees to be  Paid  Equity  Common Stock, par value $0.001 per share  457(c)   13,016,146   $0.90(3)  $11,714,531.40    0.00015310   $1,793.49 
Fees to be  Paid  Equity  Common Stock, par value $0.001 per share issuable upon exercise of the Warrants  457(c)   7,382,745   $0.90 (3)  $6,644,470.50    0.00015310   $1,017.27 
                                   
Carry Forward Securities 
                                   
Carry Forward Securities                                   
                                   
   Total Offering Amounts         $18,359,001.90        $2,810.76 
   Total Fees Previously Paid                     
   Total Fee Offsets                     
   Net Fee Due                   $2,810.76 

 

(1)The shares of common stock of Modular Medical, Inc. (the “Registrant”) will be offered for resale by the selling stockholders pursuant to the prospectus contained herein. Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement also covers any additional number of shares of common stock issuable upon stock splits, stock dividends, or other distribution, recapitalization or similar events with respect to the shares of common stock being registered pursuant to this registration statement.

 

(2)This registration statement registers the resale by the selling stockholders of up to an aggregate of 20,398,891 shares of common stock, par value $0.001 per share, issued by the Registrant pursuant to (a) Securities Purchase Agreements, dated March 20, 2025, consisting of (i) 12,495,312 shares of common stock and (ii) 6,247,656 shares of common stock issuable upon the exercise of warrants to purchase shares of common stock; (b) a Subscription Agreement, dated March 20, 2025, consisting of (i) 520,834 shares of common stock and (ii) 260,417 shares of common stock issuable upon the exercise of warrants to purchase shares of common stock; and (c) Placement Agent Warrants whereby we issued to the selling stockholders placement agent warrants exercisable for 874,672 shares of common stock.

 

(3)Estimated solely for the purpose of computing the amount of the registration fee pursuant to Rule 457(c) of the Securities Act, based upon the average of the high and low prices for a share of common stock as reported on the Nasdaq Capital Market on April 22, 2025, which date is a date within five business days of the filing of the registration statement for the registration of the securities listed in the table above.