Exhibit 107
Calculation of Table
Form
(Form Type)
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Security Class Title |
|
Fee |
|
Amount |
|
Proposed Offering |
|
Maximum Offering |
|
Fee Rate |
|
Amount of |
1 |
|
|
|
|
$ |
|
$ |
|
$ |
|
$ |
||||
2 |
|
|
|
|
$ |
|
$ |
|
$ |
|
$ |
||||
|
Total Offering Amounts |
|
|
|
$ |
|
|
|
$ |
||||||
|
Total Fee Offsets |
|
|
|
|
|
|
|
|||||||
|
Net Fee Due |
|
|
|
|
|
|
|
$ |
||||||
Offering Note
B. The proposed maximum offering price per unit is estimated in accordance with Rules 457(c) and (h) under the Securities Act solely for the purpose of calculating the registration fee on the basis of $3.56 per share of Common Stock, which represents the average of the high and low prices of the Registrant’s Common Stock as reported on The Nasdaq Capital Market on March 9, 2026, multiplied by 85%, which is the percentage of the price per share applicable to shares issued under the 2021 ESPP.
C. The amount registered represents 19,205 additional shares of the Registrant’s Common Stock that were added to the shares authorized for issuance under the 2021 ESPP pursuant to an annual “evergreen” increase provision contained in the 2021 ESPP. Pursuant to such provision, the number of shares reserved for issuance under the 2021 ESPP will increase on January 1 of each calendar year that commences after the 2021 ESPP became effective and continuing through and including January 1, 2031, by the lesser of (a) 1% of the total number of shares of the Registrant’s Common Stock outstanding on December 31 of the preceding calendar year, (b) 42,000 shares, and (c) a number of shares determined by the Registrant’s board of directors.
B. The proposed maximum offering price per unit is estimated in accordance with Rules 457(c) and (h) under the Securities Act solely for the purpose of calculating the registration fee on the basis of $4.19 per share of Common Stock, which represents the average of the high and low prices of the Registrant’s Common Stock as reported on The Nasdaq Capital Market on March 9, 2026.
C. The amount registered represents 96,028 additional shares of the Registrant’s Common Stock that were added to the shares authorized for issuance under the 2021 Plan pursuant to an annual “evergreen” increase