0001144204-18-043344.txt : 20180809 0001144204-18-043344.hdr.sgml : 20180809 20180809164729 ACCESSION NUMBER: 0001144204-18-043344 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 64 CONFORMED PERIOD OF REPORT: 20180630 FILED AS OF DATE: 20180809 DATE AS OF CHANGE: 20180809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Celcuity Inc. CENTRAL INDEX KEY: 0001603454 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEDICAL LABORATORIES [8071] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38207 FILM NUMBER: 181005990 BUSINESS ADDRESS: STREET 1: 16305 36TH AVENUE N STREET 2: SUITE 450 CITY: MINNEAPOLIS STATE: MN ZIP: 55446 BUSINESS PHONE: 763-392-0767 MAIL ADDRESS: STREET 1: 16305 36TH AVENUE N STREET 2: SUITE 450 CITY: MINNEAPOLIS STATE: MN ZIP: 55446 FORMER COMPANY: FORMER CONFORMED NAME: Celcuity LLC DATE OF NAME CHANGE: 20140324 10-Q 1 tv499834_10q.htm FORM 10-Q

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 10-Q

 

 

 

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended June 30, 2018

 

OR

 

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from              to             

 

Commission File No. 001-38207

 

 

CELCUITY INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware   No. 82-2863566
(State of incorporation)   (IRS Employer Identification No.)

 

16305 36th Avenue North; Suite 100

Minneapolis, Minnesota 55446

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (763) 392-0767

 

 

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    YES x   NO ¨

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    YES x    NO ¨

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer   ¨   Accelerated filer   ¨
Non-accelerated filer   ¨  (Do not check if a smaller reporting company)   Smaller reporting company   x
        Emerging growth company   x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. x

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    YES ¨    NO x

 

On August 1, 2018, there were 10,119,312 shares of the registrant’s common stock, $0.001 par value per share, issued and outstanding.

 

 

 

 

  

Celcuity Inc.

Table of Contents

 

  PAGE
PART I. FINANCIAL INFORMATION
 
ITEM 1. Financial Statements (unaudited)  
   
Condensed Balance Sheets as of June 30, 2018 and December 31, 2017 3
   
Condensed Statements of Operations for the three months and six months ended June 30, 2018 and 2017 4
   
Condensed Statements of Cash Flows for the six months ended June 30, 2018 and 2017 5-6
   
Notes to Unaudited Condensed Financial Statements 7
   
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 18
   
ITEM 3. Quantitative and Qualitative Disclosures About Market Risk 24
   
ITEM 4. Controls and Procedures 24
   
PART II. OTHER INFORMATION
 
ITEM 1. Legal Proceedings 25
   
ITEM 1A. Risk Factors 25
   
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 25
   
ITEM 3. Defaults Upon Senior Securities 25
   
ITEM 4. Mine Safety Disclosures 25
   
ITEM 5. Other Information 25
   
ITEM 6. Exhibits 26
   
Signatures 27

 

As used in this report, the terms “we,” “us,” “our,” “Celcuity,” and the “Company” mean Celcuity Inc., unless the context indicates another meaning.

 

 2 

 

  

PART I. FINANCIAL INFORMATION

 

ITEM 1. Financial Statements

 

Celcuity Inc.

Condensed Balance Sheets

 

   June 30,
 2018
   December 31,
 2017
 
   (unaudited)     
Assets          
Current Assets:          
Cash and cash equivalents  $3,172,782   $2,639,789 
Investments   18,385,920    21,556,857 
Restricted cash   50,000    50,000 
Deposits   27,726    27,726 
Prepaid assets   154,002    209,708 
Total current assets   21,790,430    24,484,080 
           
Property and equipment, net   730,449    280,056 
           
Long term investments   6,948,606    7,205,374 
           
Total Assets  $29,469,485   $31,969,510 
           
Liabilities and Stockholders’ Equity:          
Current Liabilities:          
Accounts payable  $149,401   $71,913 
Capital lease obligations   5,706    - 
Accrued expenses   807,783    506,140 
Total current liabilities   962,890    578,053 
           
Capital lease obligations   23,226    - 
           
Total Liabilities   986,116    578,053 
           
Commitments and contingencies          
           
Stockholders’ Equity:          
Preferred stock, $0.001 par value: 2,500,000 and 5,000,000 shares authorized as of June 30, 2018 and December 31, 2017, respectively; 0 shares issued and outstanding as of June 30, 2018 and December 31, 2017   -    - 
Common stock, $0.001 par value: 25,000,000 and 45,000,000 shares authorized as of June 30, 2018 and December 31, 2017, respectively; 10,119,312 and 10,087,516 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively   10,119    10,087 
Additional paid-in capital   34,264,884    33,388,597 
Accumulated deficit   (5,791,634)   (2,007,227)
Total Stockholders’ Equity   28,483,369    31,391,457 
Total Liabilities and Stockholders’ Equity  $29,469,485   $31,969,510 

 

See accompanying notes to the condensed financial statements

 

 3 

 

  

Celcuity Inc

Condensed Statements of Operations

(unaudited)

 

   Three Months Ended June 30,   Six Months Ended June 30, 
   2018   2017   2018   2017 
                 
Operating expenses:                    
                     
Research and development  $1,546,537   $1,303,886   $3,092,205   $2,212,629 
General and administrative   382,646    301,820    913,286    386,963 
Total operating expenses   1,929,183    1,605,706    4,005,491    2,599,592 
Loss from operations   (1,929,183)   (1,605,706)   (4,005,491)   (2,599,592)
                     
Other income (expense)                    
Interest expense   -    (186,659)   -    (186,686)
Interest income   112,722    16,150    221,084    22,712 
Other income (expense), net   112,722    (170,509)   221,084    (163,974)
Net loss before income taxes   (1,816,461)   (1,776,215)   (3,784,407)   (2,763,566)
Income tax benefits   -    -    -    - 
Net loss  $(1,816,461)  $(1,776,215)  $(3,784,407)  $(2,763,566)
                     
Net loss per share, basic and diluted  $(0.18)  $(0.28)  $(0.37)  $(0.43)
                     
Weighted average common shares outstanding, basic and diluted   10,110,558    6,440,139    10,103,323    6,440,139 

 

See accompanying notes to the condensed financial statements

 

 4 

 

  

Celcuity Inc.

Condensed Statements of Cash Flows

(unaudited)

 

   Six Months Ended June 30, 
   2018   2017 
Cash flows from operating activities:          
Net loss  $(3,784,407)  $(2,763,566)
Adjustments to reconcile net loss to net cash used for operations:          
Depreciation   89,704    45,449 
Stock-based compensation   612,764    422,816 
Non-cash interest expense   -    186,759 
Non-cash interest income adjustment   2,705    - 
Changes in operating assets and liabilities:          
Prepaid assets and deposits   55,706    (156,120)
Accounts payable   12,604    (34,771)
Accrued expenses   226,643    89,700 
Net cash used for operating activities   (2,784,281)   (2,209,733)
           
Cash flows from investing activities:          
Purchases of investments   (3,235,000)   - 
Proceeds from sale of investments   6,660,000    - 
Purchases of property and equipment   (372,282)   (165,851)
Proceeds from sale of property and equipment   1,000    - 
Net cash provided by (used for) investing activities   3,053,718    (165,851)
           
Cash flows from financing activities:          
Proceeds from sale of convertible promissory notes   -    7,493,330 
Payments for debt issuance costs   -    (40,961)
Deferred transaction costs   -    (25,065)
Proceeds from exercise of common stock warrants   183,759    - 
Proceeds from employee stock purchases   79,797    - 
Net cash provided by financing activities   263,556    7,427,304 
Net change in cash, cash equivalents, and restricted cash   532,993    5,051,720 
           
Cash, cash equivalents, and restricted cash:          
Beginning of period   2,689,789    5,906,348 
End of period  $3,222,782   $10,958,068 

 

 5 

 

  

The following table shows the composition of cash, cash equivalents, and restricted cash reported within the balance sheets that sum to the same such amounts in the statements of cash flows as of June 30:

 

   2018   2017 
Cash and cash equivalents  $3,172,782   $10,908,068 
Restricted cash   50,000    50,000 
Total  $3,222,782   $10,958,068 
Supplemental disclosures of non-cash investing and financing activities:        
Property and equipment included in accounts payable  $64,883   $- 
Property and equipment funded by capital lease   28,932    - 
Leasehold improvements funded by landlord and related deferred rent included in accrued expenses   75,000    - 
Debt issuance costs netted against proceeds from sale of convertible promissory notes   -    844,170 
Debt discount related to investor and agent warrants (Note 11)   -    1,063,715 
Deferred transaction costs included in accounts payable and accrued expenses   -    276,666 

 

See accompanying notes to the condensed financial statements

 

 6 

 

  

CELCUITY INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS (unaudited)

(For the Three and Six Months Ended June 30, 2018 and 2017)

 

1.       Organization

 

Nature of Business

 

Celcuity Inc., a Delaware corporation (the “Company”), is a cellular analysis company that is discovering new cancer sub-types and commercializing diagnostic tests designed to significantly improve the response rates of cancer patients treated with targeted therapies. The Company’s proprietary CELx diagnostic platform is currently the only commercially ready technology the Company is aware of that uses a patient’s living tumor cells to evaluate the functional status of the cell signaling pathways associated with cancer. The CELx platform identifies the abnormal signaling activity driving a patient’s cancer and quantifies how effectively a targeted therapy can treat it. This enables physicians to select the therapeutic that precisely matches and inhibits a patient’s cellular dysfunction, which significantly increases the likelihood of a positive clinical outcome. The Company was co-founded in 2012 by Brian Sullivan and Lance Laing and is based in Minnesota. The Company has not generated any revenues to date.

 

2.       Summary of Significant Accounting Policies

 

Basis of Presentation

 

The accompanying unaudited financial statements include the accounts of the Company and have been prepared in accordance with Article 10 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, as permitted by Article 10, the unaudited financial statements do not include all of the information required by accounting principles generally accepted in the United States (“U.S. GAAP”). The Balance Sheet at December 31, 2017 was derived from the audited financial statements at that date and does not include all the disclosures required by U.S. GAAP. In the opinion of management, all adjustments which are of a normal recurring nature and necessary for a fair presentation have been reflected in the financial statements. These unaudited condensed financial statements should be read in conjunction with the audited financial statements as of and for the year ended December 31, 2017 and the related footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. Operating results for the three and six months ended June 30, 2018 are not necessarily indicative of the results to be expected during the remainder of the current year or for any future period.

 

On September 15, 2017, in relation to preparing for its initial public offering (“IPO”), Celcuity LLC filed a certificate of conversion, whereby Celcuity LLC effected a corporate conversion from a Minnesota limited liability company to a Delaware corporation and changed its name to Celcuity Inc. Pursuant to the corporate conversion, units of membership interest in the limited liability company were converted into shares of common stock of the corporation at a conversion ratio of 40 units for one share of common stock. As a result of the corporate conversion, accumulated deficit was reduced to zero on the date of the corporate conversion, and the corresponding amount was credited to additional paid-in capital. The corporate conversion was approved by members holding a majority of our outstanding units, and in connection with such conversion, the Company filed a certificate of incorporation and adopted bylaws. The Company determined that the corporate conversion is equivalent to a change in the Company’s capital structure. As such, all references in the unaudited financial statements to the number of shares and per-share amounts of member units are now presented as common stock and have been retroactively restated to reflect the conversion.

 

On September 22, 2017, the Company completed its IPO whereby it sold 2,760,000 shares of common stock at a public offering price of $9.50 per share. The aggregate net proceeds received by the Company from the offering were approximately $23.3 million, net of underwriting discounts and commissions of approximately $1.8 million and offering expenses of approximately $1.1 million. Upon the closing of the IPO, 10,082,050 shares of common stock were outstanding, which includes 881,911 shares of common stock as a result of the conversion of the Company’s Unsecured Convertible Promissory Notes (See Note 11). Shares of the Company’s common stock began trading on September 20, 2017 on The Nasdaq Capital Market under the symbol “CELC”.

 

On May 11, 2018, the Company filed an amendment to its certificate of incorporation to decrease the number of authorized shares of common stock and preferred stock. Pursuant to the Company’s amended certificate of incorporation, the Company is authorized to issue up to 25,000,000 shares of common stock, $0.001 par value per share and 2,500,000 shares of preferred stock, $0.001 par value per share.

 

Accounting Estimates

 

Management uses estimates and assumptions in preparing these unaudited condensed financial statements in accordance with U.S. GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the valuation of stock-based compensation and warrants issued to investors, a placement agent and an underwriter, and prepaid or accrued clinical trial costs.

 

 7 

 

 

Cash, Cash Equivalents, and Restricted Cash

 

The Company maintains its accounts primarily at one financial institution. At times throughout the year, the Company’s cash balances may exceed amounts insured by the Federal Deposit Insurance Corporation. At June 30, 2018 and December 31, 2017, the Company had $3,135,878 and $2,612,104, respectively, in money market funds and U.S. Treasury Bills that are considered cash equivalents. In connection with the corporate lease, the Company is required to maintain $50,000 of cash in a separate savings account. This balance is presented as restricted cash on the balance sheets.

 

Investments

 

The Company maintains its investments in certificates of deposit, U.S. governmental agency securities and U.S. treasury notes and has classified them as held-to-maturity at the time of purchase. Held-to-maturity securities are those securities in which the Company has the ability and intent to hold until maturity. Held-to maturity securities are recorded at amortized cost, adjusted for the amortization or accretion of premiums and discounts. Premiums and discounts are amortized or accreted over the life of the related held-to-maturity security using a straight-line method. At June 30, 2018 and December 31, 2017, the Company had $25,334,526 and $28,762,231, respectively, of investments.

 

Property and Equipment

 

Property and equipment are stated at cost. Depreciation is provided over estimated useful lives using the straight-line method. Maintenance and repairs are expensed as incurred; major improvements and betterments are capitalized.

 

Estimated useful lives of property and equipment are as follows for the major classes of assets:

 

Asset Description Estimated
Lives
Furniture and Equipment 4-5
Leasehold Improvements 2-3

 

Long-Lived Assets

 

Long-lived assets, such as property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values, and third party independent appraisals, as considered necessary.

 

Comprehensive Loss

 

Comprehensive loss includes net loss as well as other changes in stockholders’ equity that result from transactions and economic events other than those with stockholders. For all periods presented, there was no difference between net loss and comprehensive loss.

 

Risks and Uncertainties

 

The Company is subject to risks common to companies in the development stage including, but not limited to, dependency on the clinical and commercial success of its diagnostic tests, ability to obtain regulatory approval of its diagnostic tests, the need for substantial additional financing to achieve its goals, uncertainty of broad adoption of its approved products, if any, by physicians and consumers, and significant competition.

 

Fair Value of Financial Instruments

 

The Company’s accounting for fair value measurements of assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring or nonrecurring basis adheres to the Financial Accounting Standards Board (“FASB”) fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:

 

 8 

 

  

·Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the Company at the measurement date.

 

·Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.

 

·Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date.

 

The level in the fair value hierarchy within which a fair measurement in its entirety falls is based on the lowest level input that is significant to the fair value measurement in its entirety.

 

The carrying values of cash equivalents, restricted cash, accounts payable, accrued expenses and other financial working capital items approximate fair value at June 30, 2018 and December 31, 2017 due to the short maturity nature of these items.

 

Income Taxes

 

The Company accounts for income taxes using the asset and liability method, as required by the accounting standard for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as net operating loss and tax credit carryforwards. Deferred taxes are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in results of operations in the period that includes the enactment date. The effects of any future changes in tax laws or rates have not been considered. The Company regularly reviews deferred tax assets to assess their potential realization and establish a valuation allowance for portions of such assets to reduce the carrying value if the Company does not consider it to be more likely than not that the deferred tax assets will be realized.

 

The Company recognizes the impact of an uncertain tax position in its financial statements if, in management’s judgment, the position is more-likely-than-not sustainable upon audit based on the position’s technical merits. This involves the identification of potential uncertain tax positions, the evaluation of applicable tax laws and an assessment of whether a liability for an uncertain tax position is necessary.

 

Stock-Based Compensation

 

The Company’s stock-based compensation consists of common stock options and restricted stock issued to certain employees and nonemployees of the Company and the Company’s Employee Stock Purchase Plan. The Company recognizes compensation expense based on an estimated grant date fair value using the Black-Scholes option-pricing method. The Company has elected to account for forfeitures as they occur.

 

Research and Development

 

Research and development costs are expensed as incurred. Research and development costs amounted to $3,092,205 and $2,212,629 for the six months ended June 30, 2018 and 2017, respectively, and $1,546,537 and $1,303,886 for the three months ended June 30, 2018 and 2017, respectively.

 

Clinical Trial Costs

 

The Company records prepaid assets or accrued expenses for prepaid or estimated clinical trial costs conducted by third-party service providers, which include the conduct of preclinical studies and clinical trials.  These costs are a significant component of the Company’s research and development expenses.  The Company accrues for these costs based on factors such as estimates of the work completed and in accordance with agreements established with its third-party service providers under the service agreements.  The Company makes significant judgments and estimates in determining the accrued liabilities balance in each reporting period.  As actual costs become known, the Company adjusts its prepaid assets or accrued expenses.  The Company has not experienced any material differences between accrued costs and actual costs incurred.  However, the status and timing of actual services performed, number of patients enrolled and the rate of patient enrollments may vary from the Company’s estimates, resulting in an adjustment to expense in future periods.  Changes in these estimates that result in material changes to the Company’s prepaid assets or accrued expenses could materially affect the Company’s results of operations.

 

Application of New or Revised Accounting Standards

 

Pursuant to the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), a company constituting an “emerging growth company” is, among other things, entitled to rely upon certain reduced reporting requirements. The Company is an emerging growth company, but has irrevocably elected not to take advantage of the extended transition period afforded by the JOBS Act for the implementation of new or revised accounting standards. As a result, the Company will comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for public companies that are not emerging growth companies.

 

 9 

 

  

Recently Issued Accounting Pronouncements

 

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which provides guidance for accounting for leases. The new guidance requires companies to recognize the assets and liabilities for the rights and obligations created by leased assets, initially measured at the present value of the lease payments. The accounting guidance for lessors is largely unchanged. The ASU is effective for annual and interim periods beginning after December 15, 2018 with early adoption permitted. It is to be adopted using a modified retrospective approach. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s financial statements.

 

Recently Adopted Accounting Pronouncements

 

In November 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-18, Restricted Cash, which amended Statement of Cash Flows (Topic 230) of the Accounting Standards Codification. The new guidance requires amounts generally described as restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted this standard as of January 1, 2018 and applied it retrospectively.

 

In June 2018, the FASB issued Accounting Standards Update (ASU) No. 2018-07, Improvements to Nonemployee Share-Based Payment Accounting, which expands the scope of ASC 718, Compensation – Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees and to supersede the guidance in ASC 505-50. The new guidance will be substantially the same as current guidance for employee awards. The Company adopted this standard as of April 1, 2018 and applied it using the modified retrospective approach. The remeasurement of open awards to nonemployees was based on the fair value of such awards as of the date of adoption and resulted in no material change to accumulated deficit or additional paid-in capital.

 

3.       Net Loss Per Common Share

 

Basic and diluted net loss per common share is determined by dividing net loss attributable to common stockholders by the weighted-average common shares outstanding during the period. For all periods presented, the common shares underlying the options and warrants have been excluded from the calculation because their effect would be anti-dilutive. Therefore, the weighted-average shares outstanding used to calculate both basic and diluted loss per common shares are the same.

 

For the three and six months ended June 30, 2018 and 2017, potentially dilutive securities excluded from the computations of diluted weighted-average shares outstanding were options to purchase 522,755 and 442,685 shares of common stock, respectively, warrants to purchase 353,980 and 103,864 shares of common stock, respectively, and 2,571 and 0 shares of restricted common stock, respectively.

 

4.       Investments

 

The following tables summarizes the Company’s held-to-maturity investment securities at amortized cost as of June 30, 2018 and December 31, 2017:

 

   June 30, 2018 
   Amortized Cost,
as Adjusted
   Gross
Unrealized
Holding
Gains
   Gross
Unrealized
Holding Losses
   Estimated Fair
Value
 
Short-term investments:                    
Certificates of Deposit  $10,609,185   $-   $21,912   $10,587,273 
Governmental Agency Securities   5,285,044    -    15,359    5,269,685 
U.S. Treasury Notes   2,491,691    -    2,849    2,488,842 
Total  $18,385,920   $-   $40,120   $18,345,800 

 

 10 

 

  

   Amortized Cost,
as Adjusted
   Gross
 Unrealized
Holding
Gains
   Gross
Unrealized
Holding Losses
   Estimated Fair
Value
 
Long-term investments:                    
Certificates of Deposit  $3,920,000   $-   $43,819   $3,876,181 
Governmental Agency Securities   3,028,606    -   $29,974    2,998,632 
Total  $6,948,606   $-   $73,793   $6,874,813 

 

   December 31, 2017 
   Amortized Cost,
as Adjusted
   Gross
Unrealized
Holding
Gains
   Gross
Unrealized
Holding Losses
   Estimated Fair
Value
 
Short-term investments:                    
Certificates of Deposit  $14,001,237   $-   $20,146   $13,981,091 
Governmental Agency Securities   5,945,314    -    18,101    5,927,213 
U.S. Treasury Notes   1,610,306    -    633    1,609,673 
Total  $21,556,857   $-   $38,880   $21,517,977 

 

   Amortized Cost,
as Adjusted
   Gross
Unrealized
Holding
Gains
   Gross
Unrealized
Holding Losses
   Estimated Fair
Value
 
Long-term investments:                    
Certificates of Deposit  $4,165,000   $-   $21,481   $4,143,519 
Governmental Agency Securities   3,040,374    -    14,907    3,025,467 
Total  $7,205,374   $-   $36,388   $7,168,986 

 

The Company’s held-to-maturity investments of $18,385,920 and $6,948,606 will mature in 2018 and 2019, respectively.

 

5.       Prepaid Assets

 

Prepaid assets consisted of the following:

 

   June 30,   December 31, 
   2018   2017 
Current:          
Directors & officers insurance  $47,917   $162,914 
Prepaid rent   21,490    21,673 
Other   84,595    25,121 
Total  $154,002   $209,708 

 

 11 

 

  

6.       Property and Equipment

 

Property and equipment consisted of the following:

 

   June 30,   December 31, 
   2018   2017 
Leasehold improvements  $277,836   $22,307 
Furniture and equipment   800,177    517,868 
    1,078,013    540,175 
           
Less: Accumulated depreciation   (347,564)   (260,119)
Total  $730,449   $280,056 

 

Depreciation expense was $89,704 and $45,449 for the six months ended June 30, 2018 and 2017, respectively, and $49,966 and $25,722 for the three months ended June 30, 2018 and 2017, respectively.

 

7.       Accrued Expenses

 

Accrued expenses consisted of the following:

 

   June 30,   December 31, 
   2018   2017 
Accrued bonuses  $544,804   $389,802 
Deferred rent   74,652    - 
Accrued payroll   66,324    61,829 
Other   122,003    54,509 
Total  $807,783   $506,140 

 

8.       Commitments

 

Operating Leases

 

The Company leases its corporate space in Minneapolis, Minnesota. At June 30, 2018, the Company had the following minimum commitments for payment of rentals which at inception had a non-cancellable term of more than one year:

 

    Amount 
 2018   $77,419 
 2019    188,850 
 2020    193,338 
 2021    64,940 
 Total   $524,547 

 

Rent expense for operating leases was $43,198 and $25,077 for the six months ended June 30, 2018 and 2017, respectively, and $30,009 and $12,668 for the three months ended June 30, 2018 and 2017, respectively. In connection with the corporate lease, the Company is required to maintain a $50,000 standby letter of credit. The standby letter of credit expires on July 31, 2018.

 

In September 2017, the Company entered into a non-cancelable operating lease agreement for building space to accommodate expansion in research and development and general corporate office needs. The new lease commenced, and the Company moved to the facility in May 2018, in conjunction with the termination of the existing lease. The new lease contains provisions for future rent increases and leasehold improvement allowances. Rent expense is recorded on a straight-line basis over the lease term. The net difference of rent expense versus the actual cash paid is recorded as deferred rent. Additionally, the leasehold improvement allowances are deferred and recorded as a reduction of rental expense over the lease term using the straight-line method. Deferred rent is reflected in accrued expenses in the unaudited condensed financial statements. The new lease agreement extends through April 2021 and provides for monthly rent, real estate taxes and operating expenses.

 

 12 

 

  

Clinical Research Study

 

In May 2017, the Company entered into an agreement with a clinical research organization to conduct a clinical research study. The Company made a payment of $300,000 in June 2017 and $50,000 in November 2017, January 2018 and April 2018 and is obligated to make future payments of $100,000 and $50,000 in 2018 and 2019, respectively. Additional payments will be due as certain milestones are met. The maximum amount of these additional payments is estimated to be approximately $2,040,000 over the course of the agreement.

 

Capital Leases

 

In May 2018, the Company entered into a non-cancelable capital lease agreement for office equipment with a five-year term. The underlying assets are included in furniture and equipment. Assets recorded as property and equipment under capital leases and the accumulated depreciation thereon as of June 30, 2018 were as follows:

 

   June 30, 2018 
Furniture and equipment  $28,932 
Less: Accumulated depreciation   (482)
Net book value of property and equipment under capital lease  $28,450 

 

As of June 30, 2018, future minimum lease payments under capital leases were as follows:

 

   Amount 
2018  $4,232 
2019   7,255 
2020   7,255 
2021   7,255 
2022   7,255 
2023   3,022 
Total minimum capital lease payments   36,274 
Less amount representing interest   512 
Less amount representing services   6,830 
Present value of net minimum capital lease payments  $28,932 

 

9.       Stockholders’ Equity

 

On September 15, 2017, in connection with its IPO, Celcuity LLC filed a certificate of conversion, whereby Celcuity LLC effected a corporate conversion from a Minnesota limited liability company to a Delaware corporation and changed its name to Celcuity Inc. Pursuant to the conversion, units of membership interest in the limited liability company were converted into shares of common stock of the corporation at a conversion ratio of 40 units for one share of common stock. The Company had 257,604,208 member units issued and outstanding as of September 15, 2017. After giving effect to the corporate conversion, the number of common shares outstanding as of such date is 6,440,139. As a result of the corporate conversion, accumulated deficit was reduced to zero on the date of the corporate conversion, and the corresponding amount was credited to additional paid-in capital. The corporate conversion was approved by members holding a majority of our outstanding units, and in connection with such conversion, the Company filed a certificate of incorporation and adopted bylaws. All references in the unaudited financial statements to the number of shares and per-share amounts of common stock have been retroactively restated to reflect the conversion.

 

On September 22, 2017, the Company completed its IPO whereby it sold 2,760,000 shares of common stock at a public offering price of $9.50 per share. The aggregate net proceeds received by the Company from the offering were approximately $23.3 million, net of underwriting commissions of approximately $1.8 million and offering expenses of approximately $1.1 million. Upon the closing of the IPO, 10,082,050 shares of common stock were outstanding, which includes 881,911 shares of common stock issued as a result of the conversion of the Company’s Convertible Notes (See Note 11). Shares of the Company’s common stock began trading on September 20, 2017 on The Nasdaq Capital Market under the symbol “CELC”.

 

 13 

 

  

On May 11, 2018, the Company filed an amendment to its certificate of incorporation with the Secretary of State of the State of Delaware to decrease the number of authorized shares of our common stock and preferred stock. Pursuant to the Company’s amended certificate of incorporation, the Company is authorized to issue up to 25,000,000 shares of common stock, $0.001 par value per share and 2,500,000 shares of preferred stock, $0.001 par value per share.

 

At June 30, 2018 and December 31, 2017, the Company had common stock shares outstanding of 10,119,312 and 10,087,516, respectively.

 

Warrants

 

In connection with the 2016 private placement unit offering, the Company issued ten-year warrants to the placement agent of the private placement. The warrants allow the agent to purchase up to 55,249 common shares at $7.56 per share. The warrants are immediately exercisable and expire on January 14, 2026 and May 2, 2026. These warrants are equity classified and the fair value of $330,607 is reflected as additional paid-in capital.

 

In connection with the private offering of convertible notes (Note 11), the Company issued ten-year warrants to purchase 48,615 common shares at a price of $8.42 per share to the placement agent. In addition, the Company granted the convertible notes investors the right to receive a seven-year warrant to purchase 131,675 common shares at an exercise price that is equal to the conversion price of the notes (Note 11). With the completion of the IPO on September 22, 2017, these warrants were issued.

 

In connection with the IPO, the Company issued a five-year warrant to the underwriter. The warrant allows the underwriter to purchase up to 138,000 common shares at $10.45 per share. This warrant is immediately exercisable and expires on September 19, 2022. This warrant is equity classified and the fair value was $784,111 at the IPO offering date.

 

At June 30, 2018 and December 31, 2017, the Company had warrants to purchase 353,980 and 373,323 common shares outstanding, respectively, at a weighted average exercise price of $9.42. A total of 19,343 and 0 warrants were exercised in the six months ended June 30, 2018 and 2017, respectively, and 0 warrants were exercised in the three months ended June 30, 2018 and 2017.

 

10.       Stock-Based Compensation

 

2012 Equity Incentive Plan

 

The 2012 Equity Incentive Plan, as amended, was adopted by the Company’s board and approved by the members of the Company on August 10, 2012. The Company reserved a maximum of 625,000 common shares available for issuance under the 2012 Equity Incentive Plan. The 2012 Equity Incentive Plan provides for share options, restricted share awards, performance share awards or share bonuses. The exercise price of each share option granted under the 2012 Equity Incentive Plan is not less than one hundred percent (100%) of the fair market value of one share on the date of grant. The maximum permitted term of options granted under the 2012 Equity Incentive Plan is ten years. The Company’s board has administered the plan and determined the provisions of incentive awards, including eligible recipients, number of shares subject to an incentive award, exercise price, vesting schedule, duration of an incentive award and other restrictions an incentive award may be subject to. The 2012 Equity Incentive Plan was fixed on September 6, 2017 and any new awards will be issued under the terms of the 2017 Stock Incentive Plan.

 

2017 Stock Incentive Plan

 

The 2017 Stock Incentive Plan, or the 2017 Plan, was adopted by the Company’s board on September 6, 2017, became effective following the corporate conversion which took place on September 15, 2017, and was approved by stockholders at the Company’s annual stockholder meeting on May 10, 2018. The Company reserved a maximum of 750,000 common shares available for issuance under the 2017 Plan. The number of shares reserved for issuance under the 2017 Plan will increase automatically on January 1, 2019 and each subsequent anniversary through January 1, 2027 by the number of shares equal to 1.0% of the aggregate number of outstanding shares of the Company’s common stock as of the immediately preceding December 31. However, the Company’s board may reduce the amount of the increase in any particular year. The maximum permitted term of options granted under the 2017 Plan is ten years. The 2017 Plan provides for share options, restricted stock awards, stock appreciation rights, restricted stock units, performance awards and stock bonuses. The exercise price of each share option granted under the 2017 Plan is not less than one hundred percent (100%) of the fair market. The 2017 Plan will generally be administered by the compensation committee of the Company’s board of directors and has the authority to interpret the plan, grant awards and make all other determinations necessary for the administration of the plan.

 

 14 

 

  

The Black-Scholes option-pricing model was used to estimate the fair value of equity-based awards with the following weighted-average assumptions for the period ending June 30:

 

   2018   2017 
Risk-free interest rate   2.52 - 2.97%    2.00 
Expected volatility   76.0%   75.0%
Expected life (years)   6.25 to 10.00    6.25 to 10.00 
Expected dividend yield   0%   0%

 

The inputs for the Black-Scholes valuation model require management’s significant assumptions. Prior to the Company’s IPO, the common share price was determined by the Company’s board based on recent prices of common shares sold in private offerings prior to the IPO. Subsequent to the IPO, the common share price was determined by using the quoted price on the grant date. The risk-free interest rates were based on the rate for U.S. Treasury securities at the date of grant with maturity dates approximately equal to the expected life at the grant date. The expected life was based on the simplified method in accordance with the SEC Staff Accounting Bulletin Nos. 107 and 110. The expected volatility was estimated based on historical volatility information of peer companies that are publicly available.

 

All assumptions used to calculate the grant date fair value of nonemployee options are generally consistent with the assumptions used for options granted to employees, except the expected life is equal to the contractual term. In the event the Company terminates any of its consulting agreements, the unvested options underlying the agreements would also be cancelled. Unvested nonemployee options were marked-to-market as of April 1, 2018, the date that the Company adopted the newly issued Accounting Standard, (ASU) No. 2018-17.

 

The following table summarizes the activity for all stock options outstanding for the six months ended June 30 under the Plan:

 

   2018   2017 
   Shares  

Weighted

Average

Exercise Price

   Shares  

Weighted

Average

Exercise Price

 
Options outstanding at beginning of year   501,603   $7.58    302,088   $5.91 
Granted   21,152    18.93    148,150    8.38 
Forfeited   -    -    (7,553)   3.60 
Balance at June 30   522,755   $8.04    442,685   $6.78 
                     
Options exercisable at June 30:   262,393   $6.72    166,119   $5.46 
                     
Weighted Average Grant Date Fair Value for Options Granted During the period:       $14.02        $5.29 

 

The following table summarizes additional information about stock options outstanding and exercisable at June 30, 2018 under the Plan:

 

Options Outstanding  Options Exercisable
Options
Outstanding
  Weighted
Average
Remaining
Contractual
Life
   Weighted
Average
Exercise
Price
   Aggregate
Intrinsic
Value
   Options
Exercisable
  Weighted
Average
Exercise
Price
   Aggregate
Intrinsic
Value
 
522,755   8.14   $8.04   $8,771,626   262,393  $6.72   $4,748,003 

 

The Company recognized stock-based compensation expense for stock options of $501,158 and $422,816 for the six months ended June 30, 2018 and 2017, respectively, and $235,060 and $326,548 for the three months ended June 30, 2018 and 2017, respectively.

 

 15 

 

  

A restricted stock award of 2,571 and 5,250 shares was granted to a member of the board of directors in 2018 and 2017, respectively. The Company has 2,571 and 0 restricted shares outstanding as of June 30, 2018 and 2017, respectively, and 5,250 and 0 shares vested as of June 30, 2018 and 2017, respectively. The Company recognized stock-based compensation expense for the restricted stock of $64,719 and $0 for the six months ended June 30, 2018 and 2017, respectively, and $22,431 and $0 for the three months ended June 30, 2018 and 2017, respectively.

 

The total remaining shares available for grant under the 2017 plan is 664,297.

 

Total unrecognized compensation cost related to stock options and restricted stock is estimated to be recognized as follows:

 

2018  $394,516 
2019   515,020 
2020   336,530 
2021   153,773 
2022   10,905 
      
Total estimated compensation cost to be recognized  $1,410,744 

 

2017 Employee Stock Purchase Plan

 

The Company’s employee stock purchase plan, or ESPP, was adopted by the Company’s board on September 6, 2017, and approved by stockholders at the Company’s annual stockholder meeting on May 10, 2018. The Company has reserved a total of 100,000 shares for issuance. The number of shares authorized and reserved for issuance under the ESPP will be automatically increased on the first day of each of the Company’s fiscal years beginning in 2019 by the number of shares equal to 0.5% of the total outstanding number of shares of common stock. However, the Company’s board may reduce the amount of the increase in any particular year. The ESPP provides participating employees with an opportunity to purchase shares of the Company’s common stock at a discount through payroll deductions. The plan is available to all employees unless they are employed for less than 20 hours per week or own 5% or more of the total combined voting power or value of the Company’s common stock. The plan is administered using overlapping 24 month offering periods, referred to as an Offering Period. Each Offering Period has four six-month purchase periods. A new Offering Period and purchase period begin every six months on May 1 and November 1 of each year. Participating employees may purchase common stock, on a voluntary after tax-basis, at a price equal to 85% of the fair market value of a share of common stock on either the offering date or the purchase date, whichever is lower. If the purchase date has a lower price, the employee will automatically be placed in the Offering Period beginning immediately after the purchase date. The Company recognized stock-based compensation expense of $46,887 and $0 for the six months ended June 30, 2018 and 2017, respectively, and $18,793 and $0 for the three months ended June 30, 2018 and 2017, respectively.

 

The Company recognized total stock-based compensation, as follows for the three months and six months ended June 30:

 

   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2018   2017   2018   2017 
Stock-based compensation expense in operating expenses:                    
Research and development  $175,864   $197,921   $337,535   $294,189 
General and administrative   100,420    128,627    275,229    128,627 
Total  $276,284   $326,548   $612,764   $422,816 

 

11.       Unsecured Convertible Promissory Notes

 

In April and May of 2017, the Company issued to certain accredited investors convertible notes in the original principal amount of $5,750,000 and $2,587,500, respectively, for total principal of $8,337,500 (the “Convertible Notes”).

 

The Convertible Notes accrued interest at a rate of 1.25% per annum from date of issuance until December 31, 2018 on a non-compounding basis. All principal and interest was due on December 31, 2018. The IPO was considered a qualified financing, therefore the outstanding principal balance and all accrued interest under the Convertible Notes automatically converted into 881,911 shares of common stock pursuant to the terms of such notes. The conversion price of the Convertible Notes was equal to the price at which the equity securities were sold in the IPO, which was $9.50 per share.

 

 16 

 

  

In connection with the issuance of the Convertible Notes, the Company granted those investors the right to receive a seven-year warrant to purchase 131,675 common shares at an exercise price that is equal to the conversion price of the Convertible Notes. The gross proceeds of $8,337,500 was allocated $7,560,783 and $776,717 to the Convertible Notes and warrants, respectively, based on their relative fair value. The relative fair value of the warrants of $776,717 was recorded as debt discount and credited to additional paid-in capital. The resulting debt discount was amortized to interest expense using the effective interest method over the term of the Convertible Notes until converted.

 

Cedar Point Capital, LLC (“Cedar”) served as the Company’s placement agent in connection with the placement of the Convertible Notes and earned a commission of approximately 10% of the original principal balance of such notes. Debt financing costs in the aggregate of $885,131 (not including the agent warrant discussed below), comprised primarily of the commission earned by Cedar, were amortized to interest expense using the effective interest method over the term of the Convertible Notes until converted. In addition to the commission earned by Cedar, the Company issued an agent’s ten-year warrant to purchase 48,615 common shares. The exercise price was $8.42 per share. The fair value of the agent’s warrant was $286,999 and is considered additional debt discount and was credited to additional paid-in capital. During the period beginning on January 1, 2017 and ending on September 22, 2017 (the date of the IPO closing), the Company amortized $411,375 of debt discount and financing costs to interest expense for these Convertible Notes.

 

12.       Income Taxes

 

The Company has not recorded an income tax benefit for the six months and three months ended June 30, 2018 and 2017 due to net losses and recognition of a full valuation allowance.

 

 17 

 

  

ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

You should read the following discussion and analysis of our financial condition and results of operations together with our unaudited condensed financial statements and the related notes appearing under Item 1 of Part I of this Quarterly Report on Form 10-Q. Some of the information contained in this discussion and analysis or set forth elsewhere in this Quarterly Report, including information with respect to our plans and strategy for our business and expected financial results, includes forward-looking statements that involve risks and uncertainties. You should review the “Risk Factors” discussed in our Annual Report on Form 10-K for the year ended December 31, 2017 filed with the Securities and Exchange Commission on March 15, 2018 and elsewhere in this Quarterly Report on Form 10-Q, for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis. “We,” “our,” “us,” “the Company” and similar words or phrases refer to Celcuity Inc. or Celcuity LLC (which converted to Celcuity Inc.).

 

Overview

 

We are a cellular analysis company that is discovering new cancer sub-types and commercializing diagnostic tests designed to significantly improve the clinical outcomes of cancer patients treated with targeted therapies. Our proprietary CELx diagnostic platform is the only commercially ready technology we are aware of that uses a patient’s living tumor cells to identify the specific abnormal cellular process driving a patient’s cancer and the targeted therapy that best treats it. We believe our CELx platform provides two important improvements over traditional molecular diagnostics. First, molecular diagnostics can only provide a snapshot of the genetic mutations present in a patient’s tumor because they analyze dead cells. Using dead cells prevents molecular diagnostics from analyzing in real-time the dynamic cellular activities, known as cell signaling, that regulate cell proliferation or survival. Cancer can develop when certain cell signaling activity becomes abnormal. Since genetic mutations are often only weakly correlated to the cell signaling activity driving a patient’s cancer, a molecular diagnostic is prone to providing an incomplete diagnosis. CELx tests overcome this limitation by measuring real-time cell signaling activity in a patient’s living tumor cells. When a CELx test detects abnormal signaling activity, a more accurate diagnosis of the patient’s cancer driver is obtained. Second, molecular diagnostics can only estimate the probability of a patient’s potential drug response based on a statistical analysis of the drug’s clinical trial results. Instead of this indirect estimate of drug response, CELx tests directly measure the effectiveness of a targeted therapy in a patient’s living tumor cells. This enables physicians to confirm that the therapeutic matching the patient’s cancer driver is functional in the patient’s tumor cells before prescribing it, which significantly increases the likelihood of a positive clinical outcome.

 

Our first analytically validated and commercially ready test using our CELx platform, the CELx HSF Test, diagnoses two new sub-types of HER2-negative breast cancer that traditional molecular diagnostics cannot detect. Our internal studies show that approximately 20% of HER2-negative breast cancer patients have abnormal HER2 signaling activity similar to levels found in HER2+ breast cancer cells. As a result, these HER2-negative patients have undiagnosed HER2-driven breast cancer and would be likely to respond to the same anti-HER2 targeted therapies only HER2+ patients receive today. Our CELx HSF Test is targeting HER2-negative breast cancer patients receiving drug treatment.

 

We completed development of our second CELx test for breast cancer during the first quarter of 2018. This new test evaluates independent c-Met signaling activity and its involvement with HER family signaling in HER2-negative breast cancer tumor cells. We intend to combine this c-Met signaling function test with our current HER2 signaling function test to create the CELx Multi-Pathway (MP) Test. With this next generation CELx test, we plan to provide an analysis of HER1, HER2, HER3, and c-MET signaling activity with a single patient tumor specimen.

 

Our internal studies show that approximately 15%-20% of HER2-negative breast cancer patients have abnormal c-Met signaling activity that is co-activated with abnormal HER1 signaling. These studies suggest that this sub-group of HER2-negative breast cancer patients may best respond to treatment with a combination of HER family and c-Met inhibitors.

 

We demonstrated the role of abnormal c-Met signaling as a cancer driver in breast cancer in a mouse xenograft study performed at the University of Minnesota. For this study, a breast cancer cell line determined by the CELx MP test to have normal HER2 signaling, abnormal HER1 signaling, and abnormal c-Met signaling was studied. Mice were randomly assigned to either a control group or a treatment group that received either the pan-HER inhibitor, neratinib, the c-Met inhibitor, tepotinib, or the combination of neratinib and tepotinib. Tumor volumes in the mouse arm receiving both neratinib and tepotinib shrank significantly more than the tumors in the study arms that received neratinib or tepotinib alone.

 

 18 

 

  

Celcuity will seek collaborations with pharmaceutical companies to field clinical trials that evaluate the efficacy of combining HER family inhibitors and c-Met inhibitors in breast cancer patients who have abnormal c-Met and abnormal HER1 pathway activity. The FDA has approved two c-Met inhibitors and six HER-family inhibitors for cancer treatment. Additional c-Met and HER-family inhibitors are being evaluated in on-going clinical trials. Several pharmaceutical companies possess both a c-Met and a HER family inhibitor.

 

We are also developing CELx tests to diagnose 12 new potential cancer sub-types we have discovered in lung, colon, ovarian, kidney, bladder and hematological cancers. Approved or investigational drugs are currently available to treat these new potential cancer sub-types. We expect to launch these additional tests on a staggered basis over the next few years while continuing our research to identify additional new cancer sub-types.

 

Our overall strategy is to develop diagnostics that identify new cancer sub-types and to seek collaborations with pharmaceutical companies, which can vary in scope. For our first collaboration, we are fielding a prospective clinical trial with Genentech and the NSABP to evaluate the efficacy of Genentech’s HER2 targeted therapies in patients with these newly identified cancer sub-types. We expect interim results from this trial in early to mid-2019 and final results six to nine months later. For our second collaboration, Celcuity was selected by NSABP and Puma Biotechnology to evaluate tissue samples from a Phase II study evaluating Puma Biotechnology’s pan-HER inhibitor, Nerlynx, Genentech’s HER2 antibody, Herceptin, and Bristol-Myers Squibb’s drug, EGFR inhibitor, Erbitux, in metastatic colorectal cancer patients. This 35-patient study is expected to be completed in late 2020. Unlike the trial with NSABP and Genentech, Celcuity’s test will be used solely to evaluate tissue samples after they have been enrolled in this trial. Celcuity will not receive payment for the testing it performs. No formal agreement, other than what is described in the clinical trial protocol, has been entered into governing the terms of this relationship. We expect our CELx test will provide critical insight after the trial is completed about the patient characteristics most correlative to drug response.

 

We have not generated any revenue from sales to date, and we continue to incur significant research and development and other expenses related to our ongoing operations. As a result, we are not and have never been profitable and have incurred losses in each period since our inception in 2012. For the six months ended June 30, 2018 and 2017, we reported a net loss of approximately $3.8 million and $2.8 million, respectively, and we reported a net loss of approximately $1.8 million for each of the three-month periods ended June 30, 2018 and 2017. As of June 30, 2018, we had a combined accumulated deficit of approximately $12.6 million under Celcuity LLC and $5.8 million under Celcuity Inc. As of June 30, 2018, we had cash, cash equivalents, and investments of approximately $28.5 million.

 

Results of Operations

 

Components of Operating Results

 

Revenue

 

To date, we have not generated any revenue. Initially, our ability to generate revenue will depend primarily upon our ability to obtain partnership agreements with pharmaceutical companies to provide companion diagnostics for such pharmaceutical partners’ existing or investigational targeted therapies. We expect these partnerships to generate significant revenue from the sale of tests to identify patients eligible for clinical trials, from milestone payments, and, potentially, from royalties on the incremental drug revenues our tests enable. Once a new drug indication is received that requires use of our companion diagnostic to identify eligible patients, we expect to generate revenues from sales of tests to treating physicians.

 

Research and Development

 

Since our inception, we have primarily focused on research and development of our CELx platform, development and validation of our CELx HSF Test, and research related to the discovery of new cancer sub-types. Research and development expenses primarily include:

 

·employee-related expenses related to our research and development activities, including salaries, benefits, travel and stock-based compensation expenses;
·laboratory supplies;
·consulting fees paid to third parties;
·clinical trial costs;
·facilities expenses; and
·legal costs associated with patent applications.

 

 19 

 

  

Internal and external research and development costs are expensed as they are incurred. As we initiate clinical trials to evaluate efficacy of targeted therapies in cancer patients selected with one of our CELx tests, the proportion of research and development expenses allocated to external spending will grow at a faster rate than expenses allocated to internal expenses.

 

General and Administrative

 

General and administrative expenses consist primarily of salaries, benefits and stock-based compensation related to our executive, finance and support functions. Other general and administrative expenses include travel expenses for our general and administrative personnel and professional fees for auditing, tax, and legal services associated with being a public company.

 

Sales and Marketing

 

Selling and marketing expenses consist primarily of professional and consulting fees related to these functions. To date, we have incurred immaterial sales and marketing expenses as we continue to focus primarily on the development of our CELx platform and corresponding CELx tests. We expect to begin to incur increased selling and marketing expenses in anticipation of the commercialization of our CELx HSF Test. These increased expenses are expected to include payroll-related costs as we add employees in the commercial departments, costs related to the initiation and operation of our sales and distribution network and marketing related costs.

 

Interest Expense

 

Interest expense primarily consists of the amortization of debt discount and debt financing costs related to the issuance of our unsecured convertible promissory notes that were converted to common stock upon our IPO.

 

Interest Income

 

Interest income consists of interest income earned on our cash, cash equivalents, and investment balances.

 

Results of Operations

 

   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2018   2017   Percent
Change
   2018   2017   Percent
Change
 
Statements of Operations Data:  (unaudited)       (unaudited)     
Operating expenses:                              
                               
Research and development  $1,546,537   $1,303,886    19%  $3,092,205   $2,212,629    40%
General and administrative   382,646    301,820    27    913,286    386,963    136 
Total operating expenses   1,929,183    1,605,706    20    4,005,491    2,599,592    54 
Loss from operations   (1,929,183)   (1,605,706)   20    (4,005,491)   (2,599,592)   54 
                               
Other income (expense)                              
Interest expense   -    (186,659)   n/a    -    (186,686)   n/a 
Interest income   112,722    16,150    598    221,084    22,712    873 
Other income (expense), net   112,722    (170,509)   (166)   221,084    (163,974)   (235)
Net loss before income taxes   (1,816,461)   (1,776,215)   2    (3,784,407)   (2,763,566)   37 
Income tax benefits   -    -    -    -    -    - 
Net loss  $(1,816,461)  $(1,776,215)   2%  $(3,784,407)  $(2,763,566)   37%

 

 20 

 

  

Research and Development

 

Our research and development expenses for the three months ended June 30, 2018 were approximately $1.5 million, representing an increase of approximately $0.2 million or 19%, compared to the same period in 2017. The increase primarily resulted from a $0.1 million increase in compensation related expenses to support development of our CELx platform. In addition, other research and development expenses increased $0.1 million due to clinical validation studies and laboratory supplies to support the CELx platform, and operational and business development activities.

 

Our research and development expenses for the six months ended June 30, 2018 were approximately $3.1 million, representing an increase of approximately $0.9 million or 40%, compared to the same period in 2017. The increase primarily resulted from a $0.4 million increase in compensation related expenses to support development of our CELx platform. In addition, other research and development expenses increased $0.5 million due to clinical validation studies and laboratory supplies to support the CELx platform, and operational and business development activities.

 

Conducting a significant amount of research and development is central to our business model. We plan to increase our research and development expenses for the foreseeable future as we seek to discover new cancer sub-types and to develop and validate additional CELx tests to diagnose such sub-types. We also expect to incur increased expenses to support companion diagnostic business development activities with pharmaceutical companies as we develop additional CELx tests.

 

General and Administrative

 

Our general and administrative expenses for the three months ended June 30, 2018 were approximately $0.4 million representing an increase of approximately $0.1 million, or 27%, compared to the same period in 2017. The increase primarily resulted from professional fees associated with being a public company and director and officer insurance.

 

Our general and administrative expenses for the six months ended June 30, 2018 were approximately $0.9 million representing an increase of approximately $0.5 million, or 136%, compared to the same period in 2017. The increase primarily resulted from a $0.2 million increase in compensation related expenses, including approximately $0.1 million of non-cash stock based compensation, professional fees associated with being a public company and director and officer insurance.

 

We anticipate that our general and administrative expenses will increase in future periods, reflecting both increased costs in connection with the potential future commercialization of CELx tests, an expanding infrastructure, and increased professional fees associated with being a public reporting company.

 

To date, we have incurred immaterial sales and marketing expenses as we continue to focus primarily on the development of our CELx platform and corresponding CELx tests. We expect to begin to incur increased selling and marketing expenses in anticipation of the commercialization of our CELx HSF Test. These increased expenses are expected to include payroll-related costs as we add employees in the commercial departments, costs related to the initiation and operation of our sales and distribution network and marketing related costs.

 

Interest Expense

 

We incurred no interest expense in 2018. Interest expense for the three and six months ended June 30, 2017 was approximately $0.2 million and primarily consisted of non-cash amortization of debt discount and debt financing costs and accrued interest related to the issuance of our unsecured convertible promissory notes.

 

Interest Income

 

Interest income for the three and six months ended June 30, 2018 was approximately $0.1 million and $0.2 million, respectively, representing increases of approximately $0.1 million and $0.2 million, respectively, compared to the same periods in 2017. The increase resulted from interest earned on our cash, cash equivalents and investments.

 

Liquidity and Capital Resources

 

Since our inception, we have incurred losses and cumulative negative cash flows from operations. Through June 30, 2018, we have raised capital of approximately $13.7 million and $7.5 million through private placements of common equity and unsecured convertible notes, respectively. On September 22, 2017, we also closed on the initial public offering of our common stock, which generated approximately $23.3 million of additional cash after taking into account underwriting discounts and commissions and offering expenses. Cash from these capital raising activities has been our primary source of funds for our operations since inception. As of June 30, 2018, our cash, cash equivalents, and investments were approximately $28.5 million and we had a combined accumulated deficit of approximately $12.6 million under Celcuity LLC and approximately $5.8 million under Celcuity Inc.

 

 21 

 

  

We expect that our research and development and general and administrative expenses will increase as we continue to develop our CELx platform and additional CELx tests, conduct research related to the discovery of new cancer sub-types, conduct clinical trials, and pursue other business development activities. We will also start to incur sales and marketing expenses as we commercialize our CELx HSF Test. We expect to use cash on hand to fund our research and development expenses, capital expenditures, working capital, sales and marketing expenses, and general corporate expenses, as well as for the increased costs associated with being a public company.

 

Based on our current business plan, we believe that our current cash on hand will provide sufficient cash to finance operations and pay obligations when due during at least the next 24 months.

 

We may seek to raise additional capital beyond the currently anticipated amount to expand our business, pursue strategic investments, and take advantage of financing or other opportunities that we believe to be in the best interests of the Company and our stockholders. Additional capital may be raised through the sale of common or preferred equity or convertible debt securities, entry into debt facilities or other third-party funding arrangements. The sale of equity and convertible debt securities may result in dilution to our stockholders and those securities may have rights senior to those of our common shares. Agreements entered into in connection with such capital raising activities could contain covenants that would restrict our operations or require us to relinquish certain rights. Additional capital may not be available on reasonable terms, or at all.

 

Cash Flows

 

   Six Months Ended 
   June 30, 
   2018   2017 
   (unaudited) 
Net cash provided by (used in):          
Operating activities  $(2,784,281)  $(2,209,733)
Investing activities   3,053,718    (165,851)
Financing activities   263,556    7,427,304 
Net increase in cash, cash equivalents and restricted cash  $532,993   $5,051,720 

 

Operating Activities

 

Net cash used in operating activities was approximately $2.8 million for the six months ended June 30, 2018 and consisted primarily of a net loss of approximately $3.8 million, adjusted for working capital changes of approximately $0.3 million and for non-cash items of approximately $0.7 million. The approximately $0.3 million of working capital was primarily due to accrued expenses. Non-cash expense items of approximately $0.7 million consisted of depreciation of approximately $0.1 million and stock-based compensation expense of approximately $0.6 million. The net cash used in operating activities was approximately $2.2 million for the six months ended June 30, 2017 and consisted primarily of a net loss of approximately $2.8 million and working capital changes of approximately $0.1 million, adjusted for approximately $0.7 million of non-cash items, including depreciation of approximately $0.1 million, stock-based compensation expense of approximately $0.4 million and interest expense of approximately $0.2 million.

 

Investing Activities

 

Net cash provided in investing activities for the six months ended June 30, 2018 was approximately $3.1 million and consisted of approximately $3.5 million of net proceeds from sale and purchase of investments, adjusted for approximately $0.4 million in purchases of property and equipment. Net cash used in investing activities for the six months ended June 30, 2017 was approximately $0.2 million and consisted of purchases of property and equipment.

 

Financing Activities

 

Net cash provided by financing activities for the six months ended June 30, 2018 was approximately $0.3 million and reflects the proceeds from the exercise of common stock warrants and employee stock purchases. The net cash provided by financing activities for the six months ended June 30, 2017 was approximately $7.4 million and reflects the proceeds from the sale of unsecured convertible promissory notes.

 

 22 

 

  

Off-Balance Sheet Arrangements

 

We do not currently have any off-balance sheet arrangements as defined in Item 303(a)(4) of Regulation S-K.

 

Recent Accounting Pronouncements

 

From time to time new accounting pronouncements are issued by the Financial Accounting Standards Board, or FASB, or other standard setting bodies and adopted by us as of the specified effective date. Unless otherwise discussed in Note 2 to our unaudited condensed financial statements included elsewhere in this Quarterly Report on Form 10-Q, we believe that the impact of recently issued standards that are not yet effective will not have a material impact on our financial position or results of operations upon adoption.

 

Critical Accounting Policies and Use of Estimates

 

Our management’s discussion and analysis of financial condition and results of operations is based on our unaudited condensed financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States, or Generally Accepted Accounted Principles (“U.S. GAAP”). The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported expenses during the reporting periods. These items are monitored and analyzed by us for changes in facts and circumstances, and material changes in these estimates could occur in the future. We base our estimates on historical experience and on various other factors that we believe are reasonable under the circumstances; the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Changes in estimates are reflected in reported results for the period in which they become known. Actual results may differ materially from these estimates.

 

Our significant accounting policies are more fully described in Note 2 to our unaudited condensed financial statements included in this Quarterly Report on Form 10-Q.

 

Private Securities Litigation Reform Act

 

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Such “forward-looking” information is included in this Form 10-Q and in other materials filed or to be filed by us with the Securities and Exchange Commission (as well as information included in oral statements or other written statements made or to be made by us). Forward-looking statements include all statements based on future expectations. This Form 10-Q contains forward-looking statements that involve risks and uncertainties, including but not limited to, (i) our clinical trial plans and the estimated costs for such trials; (ii) our expectations regarding the development and launch of our CELx test; (iii) our beliefs related to the perceived advantages of our CELx tests compared to traditional molecular or other diagnostic tests; (iv) our expectations regarding the timeline of results from our clinical trials; (v) our expectations regarding partnering with pharmaceutical partners; (vi) our expectations regarding revenue from sales of CELx tests and revenue from milestone or other payment sources; (vii) our plans with respect to research and development and related expenses for the foreseeable future; (viii) our expectations regarding business development activities, including companion diagnostic related activities with pharmaceutical companies; (ix) our expectations with respect to costs and timelines to develop and validate CELx tests; (x) our expectations with respect to creating the CELx Multi-Pathway (MP) Test and the analytical capabilities of such test; (xi) our plans to transition into our newly leased space and expand operations; and (xii) our beliefs regarding the ability of our cash on hand to fund our research and development expenses, capital expenditures, working capital, sales and marketing expenses, and general corporate expenses, as well as for the increased costs associated with being a public company.

 

In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are only predictions and are not guarantees of performance. These statements are based on our management’s beliefs and assumptions, which in turn are based on their interpretation of currently available information.

 

These statements involve known and unknown risks, uncertainties and other factors that may cause our results or our industry’s actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Certain risk, uncertainties and other factors include, but are not limited to, our limited operating history; our initial success being heavily dependent on the success of our CELx HSF Test; our inability to determine whether our CELx tests are currently commercially viable; challenges we may face in developing and maintaining relationships with pharmaceutical company partners; the complexity and timeline for development of CELx tests; the uncertainty and costs associated with clinical trials; the uncertainty regarding market acceptance by physicians, patients, third-party payors and others in the medical community, and with the size of market opportunities available to us; the pricing of molecular and other diagnostic products and services that compete with us; uncertainty with insurance coverage and reimbursement for our CELx tests; difficulties we may face in managing growth, such as hiring and retaining a qualified sales force and attracting and retaining key personnel; changes in government regulations; and obtaining and maintaining intellectual property protection for our technology and time and expense associated with defending third-party claims of intellectual property infringement, investigations or litigation threatened or initiated against us. These and additional risks, uncertainties and other factors are described more fully in our Annual Report on Form 10-K for the year ended December 31, 2017. Copies of filings made with the SEC are available through the SEC’s electronic data gathering analysis and retrieval system (EDGAR) at www.sec.gov.

 

 23 

 

  

You should read these risk factors and the other cautionary statements made in this Form 10-Q as being applicable to all related forward-looking statements wherever they appear in this Form 10-Q. We cannot assure you that the forward-looking statements in this Form 10-Q will prove to be accurate. Furthermore, if our forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should read this Form 10-Q completely. Other than as required by law, we undertake no obligation to update these forward-looking statements, even though our situation may change in the future.

 

ITEM 3.Quantitative and Qualitative Disclosures about Market Risk

 

As a smaller reporting company, we are not required to provide disclosure pursuant to this item.

 

ITEM 4.Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

Our Chief Executive Officer and Chief Financial Officer, referred to collectively herein as the Certifying Officers, are responsible for establishing and maintaining our disclosure controls and procedures. The Certifying Officers have reviewed and evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) promulgated under the Securities Exchange Act of 1934 (the “Exchange Act”)) as of June 30, 2018. Based on that review and evaluation, the Certifying Officers have concluded that, as of the end of the period covered by this Report, our disclosure controls and procedures, as designed and implemented, are effective and provide reasonable assurance that information required to be disclosed by us in the periodic and current reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the periods specified by the Securities and Exchange Commission’s rules and forms.

 

Changes in Internal Control Over Financial Reporting

 

There were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the six months ended June 30, 2018 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

 24 

 

  

PART II. — OTHER INFORMATION

 

ITEM 1.Legal Proceedings

 

From time to time we may be involved in disputes or litigation relating to claims arising out of our operations. We are not currently a party to any legal proceedings that could reasonably be expected to have a material adverse effect on our business, financial condition and results of operations.

 

ITEM 1A.Risk Factors

 

As a smaller reporting company, we are not required to provide disclosure pursuant to this item. However, in addition to other information set forth in this report, including the important information in the section entitled “Private Securities Litigation Reform Act,” you should carefully consider the “Risk Factors” discussed in our Annual Report on Form 10-K for the year ended December 31, 2017, and elsewhere in this Quarterly Report on Form 10-Q, for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial might materially adversely affect our actual business, financial condition and/or operating results.

 

ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds

 

Use of Proceeds from Initial Public Offering of Common Stock

 

On September 22, 2017, we completed our IPO of 2,760,000 shares of our common stock at a price to the public of $9.50 per share. The total number of shares of common stock sold in the IPO includes the exercise of an overallotment we granted to Craig-Hallum Capital Group LLC, the sole managing underwriter of the IPO (“Craig-Hallum”), to purchase 360,000 shares of common stock. The shares of common stock were registered for sale pursuant to Registration Statements on Form S-1 (Registration Nos. 333-220128 and 333-220527), filed with the Securities and Exchange Commission and declared effective on September 19, 2017 (the “Effective Date”). The aggregate offering price for the registered shares of common stock was approximately $26.2 million. The offering commenced on September 20, 2017 and did not terminate before all of the shares of common stock that were registered in the Registration Statement were sold.

 

The aggregate offering price for the shares sold in the offering was approximately $26.2 million. We received net proceeds of approximately $23.3 million from the offering, after deducting underwriting discounts and commissions of approximately $1.8 million and offering expenses of approximately $1.1 million. No payments for the foregoing expenses were made by us to any of our officers, directors or persons owning ten percent or more of our common stock, or to the associates of any of the foregoing, or to its affiliates, other than payments in the ordinary course of business to our officers for salaries and bonuses.

 

There has been no material change in the planned use of proceeds as described in our Prospectus filed with the Securities and Exchange Commission on September 20, 2017. From the Effective Date through June 30, 2018, we did not use any material portion of the offering proceeds.

 

Unregistered Sales of Equity Securities

 

None

 

ITEM 3.Defaults Upon Senior Securities

 

None.

 

ITEM 4.Mine Safety Disclosures

 

Not applicable.

 

ITEM 5.Other Information

 

None.

 

 25 

 

  

ITEM 6.Exhibits

 

The Exhibits filed as part of this Quarterly Report on Form 10-Q are set forth on the Exhibit Index below.

 

EXHIBIT INDEX

 

Exhibit No.   Description
     
3.1*   Certificate of Incorporation filed September 15, 2017, as amended by the Certificate of Amendment of Certificate of Incorporation, filed May 11, 2018.
3.2   Bylaws, incorporated by reference from Exhibit 3.2 to the Company’s Quarterly Report on Form 10-Q filed with the SEC on November 13, 2017
4.1   Specimen Certificate representing shares of common stock of Celcuity Inc., incorporated by reference from Exhibit 4.1 to the Company’s Registration Statement on Form S-1/A filed September 12, 2017
10.1+   Amendment No. 1 to Celcuity Inc. 2017 Employee Stock Purchase Plan, incorporated by reference from Exhibit 10.1 to the Company’s Current Report on Form 8-K filed April 6, 2018
31.1*   Certification of Chairman and Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*   Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1**   Certification of Chairman and Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2**   Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
   
101*   Financial statements from the quarterly report on Form 10-Q of the Company for the quarter ended June 30, 2018, formatted in XBRL: (i) the Condensed Balance Sheets, (ii) the Condensed Statements of Operations, (iii) the Condensed Statements of Cash Flows, and (iv) the Notes to Condensed Financial Statements.

 

 

 
*Filed herewith.
**Furnished herewith.
+Management contract or compensatory plan.

 

 26 

 

  

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Dated: August 9, 2018   CELCUITY INC.
     
  By /s/ Brian F. Sullivan
    Brian F. Sullivan
    Chairman and Chief Executive Officer
    (Principal Executive Officer)
     
  By /s/ Vicky Hahne
    Vicky Hahne
    Chief Financial Officer
    (Principal Financial and Accounting Officer)

 

 27 

  

EX-3.1 2 tv499834_ex3-1.htm EXHIBIT 3.1

 

Exhibit 3.1

 

CERTIFICATE OF INCORPORATION

OF

CELCUITY INC.

 

 

The undersigned, being of full age, for the purpose of forming a corporation under and pursuant to the Delaware General Corporation Law, as amended (the “DGCL”), hereby adopts the following Certificate of Incorporation:

 

Article 1
NAME

 

The name of the corporation is Celcuity Inc.

 

Article 2
REGISTERED OFFICE AND AGENT

 

The address of the registered office of the corporation in the State of Delaware is 1209 Orange Street, City of Wilmington, County of New Castle, Delaware 19801. The name of the registered agent of the corporation at such address is The Corporation Trust Company.

 

Article 3
PURPOSE

 

The purpose of this corporation is to engage in any lawful act or activity for which a corporation may be organized under the DGCL.

 

Article 4
CAPITAL STOCK

 

4.1       The aggregate number of shares the corporation has authority to issue is 50,000,000 shares, par value of $0.001 per share, consisting of 45,000,000 shares of Common Stock and 5,000,000 shares of undesignated Preferred Stock. The Board of Directors of the corporation has the authority, without first obtaining approval of the stockholders of the corporation or any class thereof, to establish from the undesignated shares of Preferred Stock, by resolution adopted and filed in the manner provided by law, one or more series of Preferred Stock and to fix the number of shares, the voting powers, designations, preferences and relative, participating, optional or other special rights, and the qualifications, limitations or restrictions of such class or series.

 

4.2       The Board of Directors is expressly authorized to increase or decrease the number of shares of any series subsequent to the issuance of shares of that series, but not below the number of shares of such series then outstanding. In case the number of shares of any series shall be decreased in accordance with the foregoing sentence, the shares constituting such decrease shall resume the status that they had prior to the adoption of the resolution originally fixing the number of shares of such series. The number of authorized shares of Common Stock or Preferred Stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the votes represented by all outstanding shares of stock of the Company entitled to vote, irrespective of the provisions of Section 242(b)(2) of the DGCL.

 

 

 

 

4.3       Unless and except to the extent set forth in a resolution adopted and filed in the manner provided by law establishing one or more series of Preferred Stock, no holder of shares of the corporation of any class or series now or hereafter authorized has any preferential or preemptive right provided under applicable law to subscribe for, purchase or receive any shares of the corporation of any class or series now or hereafter authorized, or any options or warrants for such shares, that may at any time be issued, sold or offered for sale by the Company.

 

4.4       No holder of shares of the Company of any class now or hereafter authorized will be entitled to cumulative voting.

 

Article 5
MEETINGS AND BOOKS

 

5.1       Meetings of the stockholders may be held within or outside the State of Delaware, as the Bylaws may provide.

 

5.2       Advance notice of stockholder nominations for the election of directors and of business to be brought by stockholders before any meeting of the stockholders of the corporation shall be given in the manner provided in the Bylaws of the corporation.

 

5.3       The books of the corporation may be kept within or (subject to any provision contained in the statutes) outside the State of Delaware at such place or places as may be designated from time to time by the Board of Directors or in the Bylaws of the corporation.

 

Article 6
INCORPORATOR

 

The name and mailing address of the incorporator are as follows:

 

Annette Peterson-Igbinovia

Fredrikson & Byron, P.A.

200 South Sixth Street, Suite 4000

Minneapolis, MN 55402-1425

 

Article 7
DIRECTORS

 

7.1       The management of the business and the conduct of the affairs of the corporation shall be vested in its Board of Directors. The number of directors which shall constitute the Board of Directors shall be fixed exclusively by resolutions adopted by a majority of the authorized number of directors then constituting the Board of Directors.

 

 

 

 

7.2       The directors of the corporation need not be elected by written ballot unless the Bylaws so provide.

 

7.3       To the fullest extent permitted by law, any past or present director of the corporation shall not be personally liable to the corporation or its stockholders for monetary damages for any breach of fiduciary duty by such director as a director. If the DGCL is amended to authorize corporate action further eliminating or limiting the personal liability of directors, then the liability of a director of the corporation shall be eliminated or limited to the fullest extent permitted by the DGCL, as so amended. No amendment to, modification of or repeal of this Article 7 will apply to or have any effect on the liability or alleged liability of any past or present director of the Company for or with respect to any acts or omissions of such director occurring prior to such amendment.

 

Article 8
BYLAWS

 

The Board of Directors is expressly empowered to adopt, amend or repeal the Bylaws of the corporation. The stockholders shall also have power to adopt, amend or repeal the Bylaws of the corporation; provided, however, that, in addition to any vote of the holders of any class or series of stock of the corporation required by law or by this Certificate of Incorporation, the affirmative vote of the holders of at least sixty-six and two-thirds percent (66 2/3%) of the voting power of all of the then-outstanding shares of the capital stock of the corporation entitled to vote generally in the election of directors, voting together as a single class, shall be required to adopt, amend or repeal any provision of the Bylaws of the corporation.

 

Article 9
shareholder action

 

Any action required or permitted to be taken by the stockholders of the corporation must be effected at an annual or special meeting of stockholders called in accordance with the Bylaws and may not be effected by any consent in writing by such stockholders pursuant to Section 228 of the DGCL or any other provision of the DGCL.

 

Article 10
amendment

 

10.1       The corporation reserves the right to amend, alter or repeal any provision contained in this Certificate of Incorporation in the manner now or hereafter prescribed by statute, except as provided in Section 10.2, and all rights conferred upon the stockholders herein are granted subject to this reservation.

 

10.2       Notwithstanding any other provisions of this Certificate of Incorporation or any provision of law which might otherwise permit a lesser vote or no vote, but in addition to any affirmative vote of the holders of any particular class or series of the corporation required by law or by this Certificate of Incorporation or any certificate of designation filed with respect to a series of Preferred Stock, the affirmative vote of the holders of at least sixty-six and two-thirds percent (66-2/3%) of the voting power of all of the then-outstanding shares of capital stock of the corporation entitled to vote generally in the election of directors, voting together as a single class, shall be required to alter, amend or repeal Articles 5, 7, 8, 9 and 10.

 

 

 

 

THE UNDERSIGNED, being the incorporator named herein, for the purpose of forming a corporation pursuant to the DGCL, makes this Certificate, hereby declaring and certifying that this is his or her act and deed and the facts herein stated are true, and accordingly has hereunto set his or her hand on September 15, 2017.

 

 

/s/ Annette Peterson-Igbinovia
Annette Peterson-Igbinovia, Incorporator

 

 

 

 

CERTIFICATE OF AMENDMENT

OF

CERTIFICATE OF INCORPORATION

OF

CELCUITY INC.

 

 

Celcuity Inc., a corporation organized and existing under and by the virtue of the Delaware General Corporation Law, as amended, through its duly authorized officer and by the authority of its Board of Directors does hereby certify that:

 

FIRST:       The name of the corporation is Celcuity Inc. (the “Corporation”).

 

SECOND:       The Corporation’s Certificate of Incorporation was originally filed with the Delaware Secretary of State on September 15, 2017.

 

THIRD:       This amendment to the Certificate of Incorporation has been duly authorized by the directors and the requisite stockholders of the Corporation in accordance with the provisions of Sections 228 and 242 of the Delaware General Corporation Law.

 

FOURTH:        The Certificate of Incorporation is hereby amended by deleting the text of Section 4.1 of Article 4 in its entirety and replacing such text with the following:

 

4.1       The aggregate number of shares the corporation has authority to issue is 27,500,000 shares, par value of $0.001 per share, consisting of 25,000,000 shares of Common Stock and 2,500,000 shares of undesignated Preferred Stock. The Board of Directors of the Corporation has the authority, without first obtaining approval of the stockholders of the corporation or any class thereof, to establish from the undesignated shares of Preferred Stock, by resolution adopted and filed in the manner provided by law, one or more series of Preferred Stock and to fix the number of shares, the voting powers, designations, preferences and relative, participating, optional or other special rights, and the qualifications, limitations or restrictions of such class or series.

 

 

[Signature page follows]

 

 

 

 

 

IN WITNESS WHEREOF, the Corporation has caused this Certificate of Amendment to be signed on May 11, 2018.

 

 

CELCUITY INC.
 
 
/s/ Brian F. Sullivan
Name:   Brian F. Sullivan
Title:     Chief Executive Officer

 

 

 

 

EX-31.1 3 tv499834_ex31-1.htm EXHIBIT 31.1

 

Exhibit 31.1

 

CERTIFICATION UNDER SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Brian F. Sullivan, certify that:

 

1.I have reviewed this quarterly report on Form 10-Q of Celcuity Inc.;

 

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Dated: August 9, 2018 By /s/ Brian F. Sullivan
    Brian F. Sullivan
    Chairman and Chief Executive Officer

 

 

 

EX-31.2 4 tv499834_ex31-2.htm EXHIBIT 31.2

 

Exhibit 31.2

 

CERTIFICATION UNDER SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Vicky Hahne, certify that:

 

1.I have reviewed this quarterly report on Form 10-Q of Celcuity Inc.;

 

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Dated: August 9, 2018 By /s/ Vicky Hahne
    Vicky Hahne
    Chief Financial Officer

 

 

 

 

EX-32.1 5 tv499834_ex32-1.htm EXHIBIT 32.1

 

Exhibit 32.1

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the filing of the Quarterly Report on Form 10-Q for the quarter ended June 30, 2018 (the “Report”) by Celcuity Inc. (“Registrant”), I, Brian F. Sullivan, the Chief Executive Officer of the Company, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that to the best of my knowledge:

 

1.The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

Dated: August 9, 2018 By /s/ Brian F. Sullivan
    Brian F. Sullivan
    Chairman and Chief Executive Officer

 

 

 

 

EX-32.2 6 tv499834_ex32-2.htm EXHIBIT 32.2

 

Exhibit 32.2

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the filing of the Quarterly Report on Form 10-Q for the quarter ended June 30, 2018 (the “Report”) by Celcuity Inc. (“Registrant”), I, Vicky Hahne, the Chief Financial Officer of the Company, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that to the best of my knowledge:

 

1.The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

Dated: August 9, 2018 By /s/ Vicky Hahne
    Vicky Hahne
  Chief Financial Officer

 

 

 

EX-101.INS 7 celc-20180630.xml XBRL INSTANCE DOCUMENT 0001603454 2018-01-01 2018-06-30 0001603454 2018-06-30 0001603454 2017-12-31 0001603454 2017-01-01 2017-06-30 0001603454 2018-04-01 2018-06-30 0001603454 2017-04-01 2017-06-30 0001603454 2017-06-30 0001603454 2017-06-01 2017-06-30 0001603454 2017-11-01 2017-11-30 0001603454 2018-04-01 2018-04-30 0001603454 2018-01-01 2018-01-31 0001603454 2018-08-01 0001603454 2017-04-01 2017-05-31 0001603454 2018-05-01 2018-05-31 0001603454 2016-12-31 0001603454 srt:MinimumMember 2018-01-01 2018-06-30 0001603454 srt:MaximumMember 2018-01-01 2018-06-30 0001603454 us-gaap:ResearchAndDevelopmentExpenseMember 2018-01-01 2018-06-30 0001603454 us-gaap:GeneralAndAdministrativeExpenseMember 2018-01-01 2018-06-30 0001603454 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-06-30 0001603454 us-gaap:RestrictedStockMember 2018-01-01 2018-06-30 0001603454 us-gaap:StandbyLettersOfCreditMember 2018-01-01 2018-06-30 0001603454 us-gaap:FurnitureAndFixturesMember srt:MinimumMember 2018-01-01 2018-06-30 0001603454 us-gaap:FurnitureAndFixturesMember srt:MaximumMember 2018-01-01 2018-06-30 0001603454 us-gaap:LeaseholdImprovementsMember srt:MinimumMember 2018-01-01 2018-06-30 0001603454 us-gaap:LeaseholdImprovementsMember srt:MaximumMember 2018-01-01 2018-06-30 0001603454 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-06-30 0001603454 us-gaap:RestrictedStockMember 2018-01-01 2018-06-30 0001603454 celc:LongTermInvestmentsMember us-gaap:CertificatesOfDepositMember 2018-01-01 2018-06-30 0001603454 celc:LongTermInvestmentsMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2018-01-01 2018-06-30 0001603454 celc:LongTermInvestmentsMember 2018-01-01 2018-06-30 0001603454 celc:CurrentInvestmentsMember us-gaap:CertificatesOfDepositMember 2018-01-01 2018-06-30 0001603454 celc:CurrentInvestmentsMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2018-01-01 2018-06-30 0001603454 celc:CurrentInvestmentsMember us-gaap:USTreasurySecuritiesMember 2018-01-01 2018-06-30 0001603454 celc:CurrentInvestmentsMember 2018-01-01 2018-06-30 0001603454 us-gaap:WarrantMember 2018-01-01 2018-06-30 0001603454 us-gaap:LeaseholdImprovementsMember 2018-06-30 0001603454 us-gaap:FurnitureAndFixturesMember 2018-06-30 0001603454 celc:CurrentInvestmentsMember 2018-06-30 0001603454 celc:LongTermInvestmentsMember 2018-06-30 0001603454 us-gaap:StandbyLettersOfCreditMember 2018-06-30 0001603454 celc:CurrentInvestmentsMember us-gaap:CertificatesOfDepositMember 2018-06-30 0001603454 celc:CurrentInvestmentsMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2018-06-30 0001603454 celc:CurrentInvestmentsMember us-gaap:USTreasurySecuritiesMember 2018-06-30 0001603454 celc:LongTermInvestmentsMember us-gaap:CertificatesOfDepositMember 2018-06-30 0001603454 celc:LongTermInvestmentsMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2018-06-30 0001603454 celc:TwoThousandsSeventeenequityIncentivePlanMember 2018-06-30 0001603454 celc:MoneyMarketAndUsTreasurySecuritiesMember 2018-06-30 0001603454 us-gaap:CommonStockMember 2018-06-30 0001603454 us-gaap:LeaseholdImprovementsMember 2017-12-31 0001603454 us-gaap:FurnitureAndFixturesMember 2017-12-31 0001603454 celc:CurrentInvestmentsMember us-gaap:CertificatesOfDepositMember 2017-12-31 0001603454 celc:CurrentInvestmentsMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2017-12-31 0001603454 celc:CurrentInvestmentsMember us-gaap:USTreasurySecuritiesMember 2017-12-31 0001603454 celc:CurrentInvestmentsMember 2017-12-31 0001603454 celc:LongTermInvestmentsMember us-gaap:CertificatesOfDepositMember 2017-12-31 0001603454 celc:LongTermInvestmentsMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2017-12-31 0001603454 celc:LongTermInvestmentsMember 2017-12-31 0001603454 celc:MoneyMarketAndUsTreasurySecuritiesMember 2017-12-31 0001603454 us-gaap:CommonStockMember 2017-12-31 0001603454 us-gaap:ResearchAndDevelopmentExpenseMember 2017-04-01 2017-06-30 0001603454 us-gaap:GeneralAndAdministrativeExpenseMember 2017-04-01 2017-06-30 0001603454 us-gaap:EmployeeStockOptionMember 2017-04-01 2017-06-30 0001603454 us-gaap:EmployeeStockOptionMember 2017-04-01 2017-06-30 0001603454 us-gaap:RestrictedStockMember 2017-04-01 2017-06-30 0001603454 us-gaap:WarrantMember 2017-04-01 2017-06-30 0001603454 us-gaap:ResearchAndDevelopmentExpenseMember 2018-04-01 2018-06-30 0001603454 us-gaap:GeneralAndAdministrativeExpenseMember 2018-04-01 2018-06-30 0001603454 us-gaap:EmployeeStockOptionMember 2018-04-01 2018-06-30 0001603454 us-gaap:EmployeeStockOptionMember 2018-04-01 2018-06-30 0001603454 us-gaap:RestrictedStockMember 2018-04-01 2018-06-30 0001603454 us-gaap:WarrantMember 2018-04-01 2018-06-30 0001603454 us-gaap:ResearchAndDevelopmentExpenseMember 2017-01-01 2017-06-30 0001603454 us-gaap:GeneralAndAdministrativeExpenseMember 2017-01-01 2017-06-30 0001603454 us-gaap:EmployeeStockOptionMember 2017-01-01 2017-06-30 0001603454 us-gaap:RestrictedStockMember 2017-01-01 2017-06-30 0001603454 srt:MinimumMember 2017-01-01 2017-06-30 0001603454 srt:MaximumMember 2017-01-01 2017-06-30 0001603454 us-gaap:EmployeeStockOptionMember 2017-01-01 2017-06-30 0001603454 us-gaap:RestrictedStockMember 2017-01-01 2017-06-30 0001603454 us-gaap:WarrantMember 2017-01-01 2017-06-30 0001603454 us-gaap:IPOMember 2017-09-02 2017-09-22 0001603454 us-gaap:ConvertibleNotesPayableMember 2017-09-02 2017-09-22 0001603454 us-gaap:IPOMember 2017-09-22 0001603454 us-gaap:ConvertibleNotesPayableMember 2017-09-22 0001603454 celc:CedarPointCapitalLlcMember 2017-09-22 0001603454 celc:CurrentInvestmentsMember us-gaap:CertificatesOfDepositMember 2017-01-01 2017-12-31 0001603454 celc:CurrentInvestmentsMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2017-01-01 2017-12-31 0001603454 celc:CurrentInvestmentsMember us-gaap:USTreasurySecuritiesMember 2017-01-01 2017-12-31 0001603454 celc:CurrentInvestmentsMember 2017-01-01 2017-12-31 0001603454 celc:LongTermInvestmentsMember us-gaap:CertificatesOfDepositMember 2017-01-01 2017-12-31 0001603454 celc:LongTermInvestmentsMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2017-01-01 2017-12-31 0001603454 celc:LongTermInvestmentsMember 2017-01-01 2017-12-31 0001603454 celc:TwoThousandsSeventeenequityIncentivePlanMember 2017-09-15 0001603454 celc:TwoThousandsSeventeenEmployeeStockPurchasePlanMember 2017-09-15 0001603454 us-gaap:MemberUnitsMember 2017-09-15 0001603454 us-gaap:PrivatePlacementMember 2016-12-31 0001603454 us-gaap:ConvertibleNotesPayableMember 2017-05-31 0001603454 us-gaap:ConvertibleNotesPayableMember us-gaap:InvestorMember 2017-05-31 0001603454 celc:CedarPointCapitalLlcMember 2017-05-31 0001603454 celc:TwoThousandsTwelveequityIncentivePlanMember 2012-11-12 0001603454 us-gaap:ConvertibleNotesPayableMember 2017-04-01 2017-05-31 0001603454 celc:CedarPointCapitalLlcMember 2017-04-01 2017-05-31 0001603454 us-gaap:NoteWarrantMember 2017-04-01 2017-05-31 0001603454 us-gaap:ConvertibleNotesPayableMember us-gaap:InvestorMember 2017-04-30 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Summary of Significant Accounting Policies</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Basis of Presentation</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The accompanying unaudited financial statements include the accounts of the Company and have been prepared in accordance with Article 10 of Regulation S-X promulgated by the Securities and Exchange Commission (&#8220;SEC&#8221;). Accordingly, as permitted by Article 10, the unaudited financial statements do not include all of the information required by accounting principles generally accepted in the United States (&#8220;U.S. GAAP&#8221;). The Balance Sheet at December&#160;31, 2017 was derived from the audited financial statements at that date and does not include all the disclosures required by U.S. GAAP. In the opinion of management, all adjustments which are of a normal recurring nature and necessary for a fair presentation have been reflected in the financial statements. These unaudited condensed financial statements should be read in conjunction with the audited financial statements as of and for the year ended December&#160;31, 2017 and the related footnotes thereto included in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2017. Operating results for the three and six months ended June 30, 2018 are not necessarily indicative of the results to be expected during the remainder of the current year or for any future period.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">On September 15, 2017, in relation to preparing for its initial public offering (&#8220;IPO&#8221;), Celcuity LLC filed a certificate of conversion, whereby Celcuity LLC effected a corporate conversion from a Minnesota limited liability company to a Delaware corporation and changed its name to Celcuity Inc. Pursuant to the corporate conversion, units of membership interest in the limited liability company were converted into shares of common stock of the corporation at a conversion ratio of 40 units for one share of common stock. As a result of the corporate conversion, accumulated deficit was reduced to zero on the date of the corporate conversion, and the corresponding amount was credited to additional paid-in capital. The corporate conversion was approved by members holding a majority of our outstanding units, and in connection with such conversion, the Company filed a certificate of incorporation and adopted bylaws. The Company determined that the corporate conversion is equivalent to a change in the Company&#8217;s capital structure. As such, all references in the unaudited financial statements to the number of shares and per-share amounts of member units are now presented as common stock and have been retroactively restated to reflect the conversion.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">On September 22, 2017, the Company completed its IPO whereby it sold 2,760,000 shares of common stock at a public offering price of $9.50 per share. The aggregate net proceeds received by the Company from the offering were approximately $23.3 million, net of underwriting discounts and commissions of approximately $1.8 million and offering expenses of approximately $1.1 million. Upon the closing of the IPO, 10,082,050 shares of common stock were outstanding, which includes 881,911 shares of common stock as a result of the conversion of the Company&#8217;s Unsecured Convertible Promissory Notes (See Note 11). Shares of the Company&#8217;s common stock began trading on September 20, 2017 on The Nasdaq Capital Market under the symbol &#8220;CELC&#8221;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">On May 11, 2018, the Company filed an amendment to its certificate of incorporation to decrease the number of authorized shares of common stock and preferred stock. Pursuant to the Company&#8217;s amended certificate of incorporation, the Company is authorized to issue up to 25,000,000 shares of common stock, $0.001 par value per share and 2,500,000 shares of preferred stock, $0.001 par value per share.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Accounting Estimates</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Management uses estimates and assumptions in preparing these unaudited condensed financial statements in accordance with U.S. GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the valuation of stock-based compensation and warrants issued to investors, a placement agent and an underwriter, and prepaid or accrued clinical trial costs.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;">&#160;</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Cash, Cash Equivalents, and Restricted Cash</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company maintains its accounts primarily at one financial institution. At times throughout the year, the Company&#8217;s cash balances may exceed amounts insured by the Federal Deposit Insurance Corporation. At June 30, 2018 and December 31, 2017, the Company had $3,135,878 and $2,612,104, respectively, in money market funds and U.S. Treasury Bills that are considered cash equivalents. In connection with the corporate lease, the Company is required to maintain $50,000 of cash in a separate savings account. This balance is presented as restricted cash on the balance sheets.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Investments</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company maintains its investments in certificates of deposit, U.S. governmental agency securities and U.S. treasury notes and has classified them as held-to-maturity at the time of purchase. Held-to-maturity securities are those securities in which the Company has the ability and intent to hold until maturity. Held-to maturity securities are recorded at amortized cost, adjusted for the amortization or accretion of premiums and discounts. Premiums and discounts are amortized or accreted over the life of the related held-to-maturity security using a straight-line method. At June 30, 2018 and December 31, 2017, the Company had $25,334,526 and $28,762,231, respectively, of investments.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Property and Equipment</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Property and equipment are stated at cost. Depreciation is provided over estimated useful lives using the straight-line method. Maintenance and repairs are expensed as incurred; major improvements and betterments are capitalized.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Estimated useful lives of property and equipment are as follows for the major classes of assets:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.6in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 85%;;margin : 0px auto;"><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 70%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset Description</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 30%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Estimated</div><br/>&#8206; <div style="font-weight:bold;display:inline;">Lives</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Furniture and Equipment</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">4-5</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Leasehold Improvements</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2-3</div></div></td></tr></table></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Long-Lived Assets</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Long-lived assets, such as property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values, and third party independent appraisals, as considered necessary.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Comprehensive Loss</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Comprehensive loss includes net loss as well as other changes in stockholders&#8217; equity that result from transactions and economic events other than those with stockholders. For all periods presented, there was no difference between net loss and comprehensive loss.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Risks and Uncertainties</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company is subject to risks common to companies in the development stage including, but not limited to, dependency on the clinical and commercial success of its diagnostic tests, ability to obtain regulatory approval of its diagnostic tests, the need for substantial additional financing to achieve its goals, uncertainty of broad adoption of its approved products, if any, by physicians and consumers, and significant competition.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value of Financial Instruments</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s accounting for fair value measurements of assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring or nonrecurring basis adheres to the Financial Accounting Standards Board (&#8220;FASB&#8221;) fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;">&#160;</div><div style="text-align:left;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top; width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: symbol; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the Company at the measurement date.</div></div></td></tr></table></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.57in; text-align: justify; text-indent: -0.5in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:left;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top; width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: symbol; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.</div></div></td></tr></table></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.57in; text-align: justify; text-indent: -0.5in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:left;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top; width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: symbol; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date.</div></div></td></tr></table></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The level in the fair value hierarchy within which a fair measurement in its entirety falls is based on the lowest level input that is significant to the fair value measurement in its entirety.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The carrying values of cash equivalents, restricted cash, accounts payable, accrued expenses and other financial working capital items approximate fair value at June 30, 2018 and December 31, 2017 due to the short maturity nature of these items.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Income Taxes</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company accounts for income taxes using the asset and liability method, as required by the accounting standard for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as net operating loss and tax credit carryforwards. Deferred taxes are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in results of operations in the period that includes the enactment date. The effects of any future changes in tax laws or rates have not been considered. The Company regularly reviews deferred tax assets to assess their potential realization and establish a valuation allowance for portions of such assets to reduce the carrying value if the Company does not consider it to be more likely than not that the deferred tax assets will be realized.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify;">The Company recognizes the impact of an uncertain tax position in its financial statements if, in management&#8217;s judgment, the position is more-likely-than-not sustainable upon audit based on the position&#8217;s technical merits. This involves the identification of potential uncertain tax positions, the evaluation of applicable tax laws and an assessment of whether a liability for an uncertain tax position is necessary.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Stock-Based Compensation</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s stock-based compensation consists of common stock options and restricted stock issued to certain employees and nonemployees of the Company and the Company&#8217;s Employee Stock Purchase Plan. The Company recognizes compensation expense based on an estimated grant date fair value using the Black-Scholes option-pricing method. The Company has elected to account for forfeitures as they occur.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Research and Development</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Research and development costs are expensed as incurred. Research and development costs amounted to $3,092,205 and $2,212,629 for the six months ended June 30, 2018 and 2017, respectively, and $1,546,537 and $1,303,886 for the three months ended June 30, 2018 and 2017, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Clinical Trial Costs</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company records prepaid assets or accrued expenses for prepaid or estimated clinical trial costs conducted by third-party service providers, which include the conduct of preclinical studies and clinical trials.&#160;&#160;These costs are a significant component of the Company&#8217;s research and development expenses.&#160;&#160;The Company accrues for these costs based on factors such as estimates of the work completed and in accordance with agreements established with its third-party service providers under the service agreements.&#160;&#160;The Company makes significant judgments and estimates in determining the accrued liabilities balance in each reporting period.&#160;&#160;As actual costs become known, the Company adjusts its prepaid assets or accrued expenses.&#160;&#160;The Company has not experienced any material differences between accrued costs and actual costs incurred.&#160;&#160;However, the status and timing of actual services performed, number of patients enrolled and the rate of patient enrollments may vary from the Company&#8217;s estimates, resulting in an adjustment to expense in future periods.&#160;&#160;Changes in these estimates that result in material changes to the Company&#8217;s prepaid assets or accrued expenses could materially affect the Company&#8217;s results of operations.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Application of New or Revised Accounting Standards</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Pursuant to the Jumpstart Our Business Startups Act of 2012 (the &#8220;JOBS Act&#8221;), a company constituting an &#8220;emerging growth company&#8221; is, among other things, entitled to rely upon certain reduced reporting requirements. The Company is an emerging growth company, but has irrevocably elected not to take advantage of the extended transition period afforded by the JOBS Act for the implementation of new or revised accounting standards. As a result, the Company will comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for public companies that are not emerging growth companies.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;">&#160;</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Recently Issued Accounting Pronouncements</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In February 2016, the FASB issued ASU No. 2016-02, </div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Leases (Topic 842), </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">which provides guidance for accounting for leases. The new guidance requires companies to recognize the assets and liabilities for the rights and obligations created by leased assets, initially measured at the present value of the lease payments. The accounting guidance for lessors is largely unchanged. The ASU is effective for annual and interim periods beginning after December 15, 2018 with early adoption permitted. It is to be adopted using a modified retrospective approach. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company&#8217;s financial statements.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Recently Adopted Accounting Pronouncements</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In November 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-18, <div style="font-style:italic;display:inline;">Restricted Cash</div>, which amended </div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Statement of Cash Flows (Topic 230) </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">of the Accounting Standards Codification. The new guidance requires amounts generally described as restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted this standard as of January 1, 2018 and applied it retrospectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify;">In June 2018, the FASB issued Accounting Standards Update (ASU) No. 2018-07,&#160;<div style="font-style:italic;display:inline;">Improvements to Nonemployee Share-Based Payment Accounting</div>, which expands the scope of ASC 718, Compensation &#8211; Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees and to supersede the guidance in ASC 505-50. The new guidance will be substantially the same as current guidance for employee awards. The Company adopted this standard as of April 1, 2018 and applied it using the modified retrospective approach. The remeasurement of open awards to nonemployees was based on the fair value of such awards as of the date of adoption and resulted in no material change to accumulated deficit or additional paid-in capital.</div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify;">&#160;</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net Loss Per Common Share</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Basic and diluted net loss per common share is determined by dividing net loss attributable to common stockholders by the weighted-average common shares outstanding during the period. For all periods presented, the common shares underlying the options and warrants have been excluded from the calculation because their effect would be anti-dilutive. Therefore, the weighted-average shares outstanding used to calculate both basic and diluted loss per common shares are the same.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">For the three and six months ended June 30, 2018 and 2017, potentially dilutive securities excluded from the computations of diluted weighted-average shares outstanding were options to purchase 522,755 and 442,685 shares of common stock, respectively, warrants to purchase 353,980 and 103,864 shares of common stock, respectively, and 2,571 and 0 shares of restricted common stock, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;">&#160;</div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Investments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The following tables summarizes the Company&#8217;s held-to-maturity investment securities at amortized cost as of June 30, 2018 and December 31, 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;">&#160;</div><table style="width: 100%; border-collapse: separate; border-spacing: 0px;;text-align:left;"><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; text-align: center; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="14" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">June 30, 2018</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Amortized Cost,<br/>as Adjusted</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding<br/>Gains</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding Losses</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Estimated Fair<br/>Value</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Short-term investments:</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Certificates of Deposit</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">10,609,185</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">21,912</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">10,587,273</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Governmental Agency Securities</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">5,285,044</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">15,359</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">5,269,685</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">U.S. Treasury Notes</div></div></td><td style="width: 1%; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">2,491,691</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">2,849</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">2,488,842</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="text-indent: 10pt; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Total</div></div></td><td style="width: 1%; padding: 0in 0in 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">18,385,920</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">40,120</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">18,345,800</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; background: none;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;">&#160;</div><table style="width: 100%; border-collapse: separate; border-spacing: 0px;;text-align:left;"><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Amortized Cost,<br/>as Adjusted</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding<br/>Gains</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding Losses</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Estimated Fair<br/>Value</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Long-term investments:</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Certificates of Deposit</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">3,920,000</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">43,819</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">3,876,181</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Governmental Agency Securities</div></div></td><td style="width: 1%; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">3,028,606</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">29,974</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">2,998,632</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="text-indent: 10pt; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Total</div></div></td><td style="width: 1%; padding: 0in 0in 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">6,948,606</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">73,793</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">6,874,813</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; background: none;"></div><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="width: 100%; border-collapse: separate; border-spacing: 0px;;text-align:left;"><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; text-align: center; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="14" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">December 31, 2017</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Amortized Cost,<br/>as Adjusted</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding<br/>Gains</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding Losses</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Estimated Fair<br/>Value</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Short-term investments:</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Certificates of Deposit</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">14,001,237</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">20,146</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">13,981,091</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Governmental Agency Securities</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">5,945,314</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">18,101</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">5,927,213</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">U.S. Treasury Notes</div></div></td><td style="width: 1%; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">1,610,306</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">633</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">1,609,673</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="text-indent: 10pt; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Total</div></div></td><td style="width: 1%; padding: 0in 0in 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">21,556,857</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">38,880</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">21,517,977</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; background: none;"></div><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="width: 100%; border-collapse: separate; border-spacing: 0px;;text-align:left;"><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Amortized Cost,<br/>as Adjusted</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding<br/>Gains</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding Losses</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Estimated Fair<br/>Value</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Long-term investments:</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Certificates of Deposit</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">4,165,000</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">21,481</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">4,143,519</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Governmental Agency Securities</div></div></td><td style="width: 1%; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">3,040,374</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">14,907</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">3,025,467</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="text-indent: 10pt; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Total</div></div></td><td style="width: 1%; padding: 0in 0in 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">7,205,374</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">36,388</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">7,168,986</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="margin: 0px 0px 0px 0in; text-align: justify; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s held-to-maturity investments of $18,385,920 and $6,948,606 will mature in 2018 and 2019, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;">&#160;</div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Prepaid Assets</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Prepaid assets consisted of the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: separate; margin-bottom: 0.001pt; width: 70%; border-spacing: 0px;;margin : 0px auto;;text-align:left;"><tr><td style="padding: 0px 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none; text-align: center; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="background: none;;font-weight:bold;display:inline;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></div></td><td style="padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; vertical-align: bottom; width: 14%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June 30,</div></div></div></div></div></td><td style="padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; vertical-align: bottom; width: 14%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div></div></div></td><td style="padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="padding: 0px 0pt 1pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="background: none;;font-weight:bold;display:inline;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></div></td><td style="padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; vertical-align: bottom; width: 14%; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></div></div></td><td style="padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; vertical-align: bottom; width: 14%; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></div></div></td><td style="padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); padding: 0px 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Current:</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-top: 0px none;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right; border-top: 0px none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left; border-top: 0px none;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right; border-top: 0px none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); padding: 0px 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Directors &amp; officers insurance</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0in; line-height: normal; white-space: nowrap; text-indent: 0in;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">47,917</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0in; line-height: normal; white-space: nowrap; text-indent: 0in;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">162,914</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); padding: 0px 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Prepaid rent</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">21,490</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">21,673</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); padding: 0px 0pt 1pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Other</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 1pt; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">84,595</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 0.5pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">25,121</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 0.5pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); padding: 0px 0pt 2.5pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.14in; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 2.5pt; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0in; line-height: normal; white-space: nowrap; text-indent: 0in;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right; border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">154,002</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 1.25pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0in; line-height: normal; white-space: nowrap; text-indent: 0in;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right; border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">209,708</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 1.25pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div>&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Property and Equipment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Property and equipment consisted of the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 70%;;margin : 0px auto;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June&#160;30,</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December&#160;31,</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Leasehold improvements</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">277,836</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">22,307</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Furniture and equipment</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">800,177</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">517,868</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">1,078,013</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">540,175</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Less: Accumulated depreciation</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">(347,564</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">)</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">(260,119</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">)</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.14in; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">730,449</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">280,056</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Depreciation expense was $89,704 and $45,449 for the six months ended June 30, 2018 and 2017, respectively, and $49,966 and $25,722 for the three months ended June 30, 2018 and 2017, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;">&#160;</div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accrued Expenses</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Accrued expenses consisted of the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 70%;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June&#160;30,</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December&#160;31,</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Accrued bonuses</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">544,804</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">389,802</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Deferred rent</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">74,652</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Accrued payroll</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">66,324</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">61,829</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Other</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">122,003</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">54,509</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.14in; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">807,783</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">506,140</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div>&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Commitments</div></div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px 0px 0px 19.8pt; text-indent: -19.8pt;"><div style="font-weight:bold;display:inline;"><div style="background: none;;font-weight:bold;display:inline;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px 0px 0px 19.8pt; text-indent: -19.8pt;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;">Operating Leases</div></div></div></div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company leases its corporate space in Minneapolis, Minnesota. At June 30, 2018, the Company had the following minimum commitments for payment of rentals which at inception had a non-cancellable term of more than one year:</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table cellpadding="0" cellspacing="0" style="font: 10pt &quot;times new roman&quot;, times, serif; width: 60%; border-collapse: collapse; border-spacing: 0px;;margin : 0px auto;;text-align:left;"><tr style="vertical-align: bottom;"><td colspan="2" style="text-align: center; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="padding: 0pt; font-weight: normal; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td colspan="2" style="text-align: center; font-weight: normal; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></td><td style="padding: 0pt; font-weight: normal; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="width: 0%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="width: 81%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">2018</td><td style="width: 1%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="width: 1%; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="width: 1%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">77,419</td><td style="width: 1%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">2019</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">188,850</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">2020</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">193,338</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">2021</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">64,940</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">Total</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; border-bottom: 2.5pt double black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">$</td><td style="text-align: right; border-bottom: 2.5pt double black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">524,547</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr></table><div style="clear: both; background: none;"></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Rent expense for operating leases was $43,198 and $25,077 for the six months ended June 30, 2018 and 2017, respectively, and $30,009 and $12,668 for the three months ended June 30, 2018 and 2017, respectively. In connection with the corporate lease, the Company is required to maintain a $50,000 standby letter of credit. The standby letter of credit expires on July 31, 2018.</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In September 2017, the Company entered into a non-cancelable operating lease agreement for building space to accommodate expansion in research and development and general corporate office needs. The new lease commenced, and the Company moved to the facility in May 2018, in conjunction with the termination of the existing lease. The new lease contains provisions for future rent increases and leasehold improvement allowances. Rent expense is recorded on a straight-line basis over the lease term. The net difference of rent expense versus the actual cash paid is recorded as deferred rent. Additionally, the leasehold improvement allowances are deferred and recorded as a reduction of rental expense over the lease term using the straight-line method. Deferred rent is reflected in accrued expenses in the unaudited condensed financial statements. The new lease agreement extends through April 2021 and provides for monthly rent, real estate taxes and operating expenses.</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; background: none;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="text-decoration:underline;display:inline;">Clinical Research Study</div></div></div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In May 2017, the Company entered into an agreement with a clinical research organization to conduct a clinical research study. The Company made a payment of $300,000 in June 2017 and $50,000 in November 2017, January 2018 and April 2018 and is obligated to make future payments of $100,000 and $50,000 in 2018 and 2019, respectively. Additional payments will be due as certain milestones are met. The maximum amount of these additional payments is estimated to be approximately $2,040,000 over the course of the agreement.</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="text-decoration:underline;display:inline;">Capital Leases</div></div></div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In May 2018, the Company entered into a non-cancelable capital lease agreement for office equipment with a five-year term. The underlying assets are included in furniture and equipment. Assets recorded as property and equipment under capital leases and the accumulated depreciation thereon as of June 30, 2018 were as follows:</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table cellpadding="0" cellspacing="0" style="font: 10pt &quot;times new roman&quot;, times, serif; width: 65%; border-collapse: collapse; border-spacing: 0px;;margin : 0px auto;;text-align:left;"><tr style="vertical-align: bottom;"><td style="font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="padding: 0pt; font-weight: normal; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td colspan="2" style="text-align: center; font-weight: normal; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;">June&#160;30,&#160;2018</div></div></td><td style="padding: 0pt; font-weight: normal; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="width: 87%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">Furniture and equipment</td><td style="width: 1%; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="width: 1%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">$</td><td style="width: 10%; text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">28,932</td><td style="width: 1%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">Less: Accumulated depreciation</td><td style="padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">(482</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">)</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="text-align: left; text-indent: 10pt; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">Net book value of property and equipment under capital lease</td><td style="padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; border-bottom: 2.5pt double black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">$</td><td style="text-align: right; border-bottom: 2.5pt double black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">28,450</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr></table><div style="clear: both; background: none;"></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">As of June 30, 2018, future minimum lease payments under capital leases were as follows:</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; background: none;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table cellpadding="0" cellspacing="0" style="font: 10pt &quot;times new roman&quot;, times, serif; width: 65%; border-collapse: collapse; border-spacing: 0px;;margin : 0px auto;;text-align:left;"><tr style="vertical-align: bottom;"><td style="text-align: center; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="padding: 0pt; font-weight: normal; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td colspan="2" style="text-align: center; font-weight: normal; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></td><td style="padding: 0pt; font-weight: normal; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="width: 83%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">2018</td><td style="width: 1%; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="width: 1%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">$</td><td style="width: 14%; text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">4,232</td><td style="width: 1%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">2019</td><td style="font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">7,255</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">2020</td><td style="font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">7,255</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">2021</td><td style="font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">7,255</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">2022</td><td style="font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">7,255</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">2023</td><td style="padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">3,022</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="text-align: left; text-indent: 10pt; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">Total minimum capital lease payments</td><td style="padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">36,274</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; text-indent: 10pt; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">Less amount representing interest</td><td style="font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">512</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="text-align: left; text-indent: 10pt; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">Less amount representing services</td><td style="padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">6,830</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; text-indent: 10pt; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">Present value of net minimum capital lease payments</td><td style="padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; border-bottom: 2.5pt double black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">$</td><td style="text-align: right; border-bottom: 2.5pt double black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">28,932</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Stockholders&#8217; Equity</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0in; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0in; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">On September 15, 2017, in connection with its IPO, Celcuity LLC filed a certificate of conversion, whereby Celcuity LLC effected a corporate conversion from a Minnesota limited liability company to a Delaware corporation and changed its name to Celcuity Inc. Pursuant to the conversion, units of membership interest in the limited liability company were converted into shares of common stock of the corporation at a conversion ratio of 40 units for one share of common stock. The Company had 257,604,208 member units issued and outstanding as of September 15, 2017. After giving effect to the corporate conversion, the number of common shares outstanding as of such date is 6,440,139. As a result of the corporate conversion, accumulated deficit was reduced to zero on the date of the corporate conversion, and the corresponding amount was credited to additional paid-in capital. The corporate conversion was approved by members holding a majority of our outstanding units, and in connection with such conversion, the Company filed a certificate of incorporation and adopted bylaws. All references in the unaudited financial statements to the number of shares and per-share amounts of common stock have been retroactively restated to reflect the conversion.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">On September 22, 2017, the Company completed its IPO whereby it sold 2,760,000 shares of common stock at a public offering price of $9.50 per share. The aggregate net proceeds received by the Company from the offering were approximately $23.3 million, net of underwriting commissions of approximately $1.8 million and offering expenses of approximately $1.1 million. Upon the closing of the IPO, 10,082,050 shares of common stock were outstanding, which includes 881,911 shares of common stock issued as a result of the conversion of the Company&#8217;s Convertible Notes (See Note 11). Shares of the Company&#8217;s common stock began trading on September 20, 2017 on The Nasdaq Capital Market under the symbol &#8220;CELC&#8221;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;">&#160;</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">On May 11, 2018, the Company filed an amendment to its certificate of incorporation with the Secretary of State of the State of Delaware to decrease the number of authorized shares of our common stock and preferred stock. Pursuant to the Company&#8217;s amended certificate of incorporation, the Company is authorized to issue up to 25,000,000 shares of common stock, $0.001 par value per share and 2,500,000 shares of preferred stock, $0.001 par value per share.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">At June 30, 2018 and December 31, 2017, the Company had common stock shares outstanding of 10,119,312 and 10,087,516, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Warrants</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In connection with the 2016 private placement unit offering, the Company issued ten-year warrants to the placement agent of the private placement. The warrants allow the agent to purchase up to 55,249 common shares at $7.56 per share. The warrants are immediately exercisable and expire on January 14, 2026 and May 2, 2026. These warrants are equity classified and the fair value of $330,607 is reflected as additional paid-in capital.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In connection with the private offering of convertible notes (Note 11), the Company issued ten-year warrants to purchase 48,615 common shares at a price of $8.42 per share to the placement agent. In addition, the Company granted the convertible notes investors the right to receive a seven-year warrant to purchase 131,675 common shares at an exercise price that is equal to the conversion price of the notes (Note 11). With the completion of the IPO on September 22, 2017, these warrants were issued.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In connection with the IPO, the Company issued a five-year warrant to the underwriter. The warrant allows the underwriter to purchase up to 138,000 common shares at $10.45 per share. This warrant is immediately exercisable and expires on September 19, 2022. This warrant is equity classified and the fair value was $784,111 at the IPO offering date.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">At June 30, 2018 and December 31, 2017, the Company had warrants to purchase 353,980 and 373,323 common shares outstanding, respectively, at a weighted average exercise price of $9.42. A total of 19,343 and 0 warrants were exercised in the six months ended June 30, 2018 and 2017, respectively, and 0 warrants were exercised in the three months ended June 30, 2018 and 2017.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;">&#160;</div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Stock-Based Compensation</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">2012 Equity Incentive Plan</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The 2012 Equity Incentive Plan, as amended, was adopted by the Company&#8217;s board and approved by the members of the Company on August 10, 2012. The Company reserved a maximum of 625,000 common shares available for issuance under the 2012 Equity Incentive Plan. The 2012 Equity Incentive Plan provides for share options, restricted share awards, performance share awards or share bonuses. The exercise price of each share option granted under the 2012 Equity Incentive Plan is not less than one hundred percent (100%) of the fair market value of one share on the date of grant. The maximum permitted term of options granted under the 2012 Equity Incentive Plan is ten years. The Company&#8217;s board has administered the plan and determined the provisions of incentive awards, including eligible recipients, number of shares subject to an incentive award, exercise price, vesting schedule, duration of an incentive award and other restrictions an incentive award may be subject to. The 2012 Equity Incentive Plan was fixed on September 6, 2017 and any new awards will be issued under the terms of the 2017 Stock Incentive Plan.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">2017 Stock Incentive Plan</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The 2017 Stock Incentive Plan, or the 2017 Plan, was adopted by the Company&#8217;s board on September 6, 2017, became effective following the corporate conversion which took place on September 15, 2017, and was approved by stockholders at the Company&#8217;s annual stockholder meeting on May 10, 2018. The Company reserved a maximum of 750,000 common shares available for issuance under the 2017 Plan. The number of shares reserved for issuance under the 2017 Plan will increase automatically on January 1, 2019 and each subsequent anniversary through January 1, 2027 by the number of shares equal to 1.0% of the aggregate number of outstanding shares of the Company&#8217;s common stock as of the immediately preceding December 31. However, the Company&#8217;s board may reduce the amount of the increase in any particular year. The maximum permitted term of options granted under the 2017 Plan is ten years. The 2017 Plan provides for share options, restricted stock awards, stock appreciation rights, restricted stock units, performance awards and stock bonuses. The exercise price of each share option granted under the 2017 Plan is not less than one hundred percent (100%) of the fair market. The 2017 Plan will generally be administered by the compensation committee of the Company&#8217;s board of directors and has the authority to interpret the plan, grant awards and make all other determinations necessary for the administration of the plan.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;">&#160;</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Black-Scholes option-pricing model was used to estimate the fair value of equity-based awards with the following weighted-average assumptions for the period ending June 30:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 80%;;margin : 0px auto;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 64%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Risk-free interest rate</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2.52 - 2.97%</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2.00</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Expected volatility</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">76.0%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;">&#160;</div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">75.0%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;">&#160;</div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Expected life (years)</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">6.25 to 10.00</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">6.25 to 10.00</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Expected dividend yield</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">0%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;">&#160;</div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">0%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;">&#160;</div></td></tr></table></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The inputs for the Black-Scholes valuation model require management&#8217;s significant assumptions. Prior to the Company&#8217;s IPO, the common share price was determined by the Company&#8217;s board based on recent prices of common shares sold in private offerings prior to the IPO. Subsequent to the IPO, the common share price was determined by using the quoted price on the grant date. The risk-free interest rates were based on the rate for U.S. Treasury securities at the date of grant with maturity dates approximately equal to the expected life at the grant date. The expected life was based on the simplified method in accordance with the SEC Staff Accounting Bulletin Nos. 107 and 110. The expected volatility was estimated based on historical volatility information of peer companies that are publicly available.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="margin: 0px 0px 0px 0in; text-align: justify; font-family: &quot;times new roman&quot;, serif; font-size: 10pt;">All assumptions used to calculate the grant date fair value of nonemployee options are generally consistent with the assumptions used for options granted to employees, except the expected life is equal to the contractual term. In the event the Company terminates any of its consulting agreements, the unvested options underlying the agreements would also be cancelled. Unvested nonemployee options were marked-to-market as of April&#160;1, 2018, the date that the Company adopted the newly issued Accounting Standard, (ASU) No. 2018-17.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The following table summarizes the activity for all stock options outstanding for the six months ended June 30 under the Plan:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:left;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="6" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="6" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt 0pt 2pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; padding: 0pt 0pt 2pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Shares</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt 0pt 2pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; margin-right: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Weighted</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; margin-right: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Average</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; margin-right: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exercise Price</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt 0pt 2pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Shares</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt 0pt 2pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; margin-right: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Weighted</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; margin-right: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Average</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; margin-right: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exercise Price</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt 0pt 2pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Options outstanding at beginning of year</div></div></td><td style="background: rgb(204, 238, 255); border-right-width: initial; border-bottom: none; border-left-width: initial; border-right-color: initial; border-left-color: initial; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 10%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">501,603</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 10%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">7.58</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 10%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">302,088</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 10%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">5.91</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Granted</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">21,152</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">18.93</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">148,150</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">8.38</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Forfeited</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">(7,553</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">)</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">3.60</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Balance at June 30</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">522,755</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">8.04</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">442,685</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">6.78</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Options exercisable at June 30:</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">262,393</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">6.72</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">166,119</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">5.46</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Weighted Average Grant Date Fair Value for Options Granted During the period:</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">14.02</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">5.29</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The following table summarizes additional information about stock options outstanding and exercisable at June 30, 2018 under the Plan:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.07in; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="width: 100%; border-collapse: collapse; border-spacing: 0px;;text-align:left;"><tr><td colspan="12" style="border-top: none; border-image: initial; border-bottom: 1pt solid black; width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Options Outstanding</div></div></div></div></td><td style="border-top: none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-image: initial; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="10" style="border-top: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Options Exercisable</div></div></div></div></td><td style="border-top: none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; width: 10%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Options<br/>Outstanding</div></div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Weighted<br/>Average<br/>Remaining<br/>Contractual<br/>Life</div></div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Weighted<br/>Average<br/>Exercise<br/>Price</div></div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Aggregate<br/>Intrinsic<br/>Value</div></div></div></div></td><td style="border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-image: initial; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Options<br/>Exercisable</div></div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Weighted<br/>Average<br/>Exercise<br/>Price</div></div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Aggregate<br/>Intrinsic<br/>Value</div></div></div></div></td><td style="border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 10%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">522,755</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 12%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">8.14</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 12%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">8.04</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 12%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">8,771,626</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 12%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap; text-align: center;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">262,393</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 12%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">6.72</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 12%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">4,748,003</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company recognized stock-based compensation expense for stock options of $501,158 and $422,816 for the six months ended June 30, 2018 and 2017, respectively, and $235,060 and $326,548 for the three months ended June 30, 2018 and 2017, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;">&#160;</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">A restricted stock award of 2,571 and 5,250 shares was granted to a member of the board of directors in 2018 and 2017, respectively. The Company has 2,571 and 0 restricted shares outstanding as of June 30, 2018 and 2017, respectively, and 5,250 and 0 shares vested as of June 30, 2018 and 2017, respectively. The Company recognized stock-based compensation expense for the restricted stock of $64,719 and $0 for the six months ended June 30, 2018 and 2017, respectively, and $22,431 and $0 for the three months ended June 30, 2018 and 2017, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The total remaining shares available for grant under the 2017 plan is 664,297.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Total unrecognized compensation cost related to stock options and restricted stock is estimated to be recognized as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 65%;;margin : 0px auto;"><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 85%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2018</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 12%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">394,516</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2019</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">515,020</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2020</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">336,530</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2021</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">153,773</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2022</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">10,905</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total estimated compensation cost to be recognized</div></div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,410,744</div></div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">2017 Employee Stock Purchase Plan</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s employee stock purchase plan, or ESPP, was adopted by the Company&#8217;s board on September 6, 2017, and approved by stockholders at the Company&#8217;s annual stockholder meeting on May 10, 2018. The Company has reserved a total of 100,000 shares for issuance. The number of shares authorized and reserved for issuance under the ESPP will be automatically increased on the first day of each of the Company&#8217;s fiscal years beginning in 2019 by the number of shares equal to 0.5% of the total outstanding number of shares of common stock. However, the Company&#8217;s board may reduce the amount of the increase in any particular year. The ESPP provides participating employees with an opportunity to purchase shares of the Company&#8217;s common stock at a discount through payroll deductions. The plan is available to all employees unless they are employed for less than 20 hours per week or own 5% or more of the total combined voting power or value of the Company&#8217;s common stock. The plan is administered using overlapping 24 month offering periods, referred to as an Offering Period. Each Offering Period has four six-month purchase periods. A new Offering Period and purchase period begin every six months on May 1 and November 1 of each year. Participating employees may purchase common stock, on a voluntary after tax-basis, at a price equal to 85% of the fair market value of a share of common stock on either the offering date or the purchase date, whichever is lower. If the purchase date has a lower price, the employee will automatically be placed in the Offering Period beginning immediately after the purchase date. The Company recognized stock-based compensation expense of $46,887 and $0 for the six months ended June 30, 2018 and 2017, respectively, and $18,793 and $0 for the three months ended June 30, 2018 and 2017, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company recognized total stock-based compensation, as follows for the three months and six months ended June 30:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:left;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin: 0in auto 0in 0px; width: 100%;;text-align:left;"><tr><td style="border-top: none; border-bottom: none; padding: 0px 0pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none; text-align: center; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="6" style="border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Three Months Ended</div></div></div></div></td><td style="border-top: none; padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="6" style="border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Six Months Ended</div></div></div></div></td><td style="border-top: none; padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-bottom: none; padding: 0px 0pt 1pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none; text-align: center; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="6" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June 30,</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="6" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June 30,</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-bottom: none; padding: 0px 0pt 1pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></div></td><td style="border-top: 0px none; padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: 0px none; padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></div></td><td style="border-top: 0px none; padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: 0px none; padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-top: none; border-bottom: none; padding: 0px 0pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Stock-based compensation expense in operating expenses:</div></div></td><td style="background: rgb(204, 238, 255); border-top: none; padding: 0in; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; border-bottom: none; border-top: 0px none; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0px 0pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Research and development</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; border-bottom: none; border-top: none; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">175,864</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">197,921</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">337,535</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">294,189</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-top: none; border-bottom: none; padding: 0px 0pt 1pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">General and administrative</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 1pt; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">100,420</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 0.5pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">128,627</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 0.5pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">275,229</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 0.5pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">128,627</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 0.5pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0px 0pt 2.5pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 2.5pt; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">276,284</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 1.25pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">326,548</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 1.25pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">612,764</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 1.25pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">422,816</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 1.25pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear:both;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Unsecured Convertible Promissory Notes</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In April and May of 2017, the Company issued to certain accredited investors convertible notes in the original principal amount of $5,750,000 and $2,587,500, respectively, for total principal of $8,337,500 (the &#8220;Convertible Notes&#8221;).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Convertible Notes accrued interest at a rate of 1.25% per annum from date of issuance until December 31, 2018 on a non-compounding basis. All principal and interest was due on December 31, 2018. The IPO was considered a qualified financing, therefore the outstanding principal balance and all accrued interest under the Convertible Notes automatically converted into 881,911 shares of common stock pursuant to the terms of such notes. The conversion price of the Convertible Notes was equal to the price at which the equity securities were sold in the IPO, which was $9.50 per share.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;">&#160;</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In connection with the issuance of the Convertible Notes, the Company granted those investors the right to receive a seven-year warrant to purchase 131,675 common shares at an exercise price that is equal to the conversion price of the Convertible Notes. The gross proceeds of $8,337,500 was allocated $7,560,783 and $776,717 to the Convertible Notes and warrants, respectively, based on their relative fair value. The relative fair value of the warrants of $776,717 was recorded as debt discount and credited to additional paid-in capital. The resulting debt discount was amortized to interest expense using the effective interest method over the term of the Convertible Notes&#160;until&#160;converted.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Cedar Point Capital, LLC (&#8220;Cedar&#8221;) served as the Company&#8217;s placement agent in connection with the placement of the Convertible Notes and earned a commission of approximately 10% of the original principal balance of such notes. Debt financing costs in the aggregate of $885,131 (not including the agent warrant discussed below), comprised primarily of the commission earned by Cedar, were amortized to interest expense using the effective interest method over the term of the Convertible Notes until converted. In addition to the commission earned by Cedar, the Company issued an agent&#8217;s ten-year warrant to purchase 48,615 common shares. The exercise price was $8.42 per share. The fair value of the agent&#8217;s warrant was $286,999 and is considered additional debt discount and was credited to additional paid-in capital. During the period beginning on January 1, 2017 and ending on September 22, 2017 (the date of the IPO closing), the Company amortized $411,375 of debt discount and financing costs to interest expense for these Convertible Notes.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;">&#160;</div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Estimated useful lives of property and equipment are as follows for the major classes of assets:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.6in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 85%;;margin : 0px auto;"><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 70%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset Description</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 30%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Estimated</div><br/>&#8206; <div style="font-weight:bold;display:inline;">Lives</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Furniture and Equipment</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">4-5</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Leasehold Improvements</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2-3</div></div></td></tr></table></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The following tables summarizes the Company&#8217;s held-to-maturity investment securities at amortized cost as of June 30, 2018 and December 31, 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;">&#160;</div><table style="width: 100%; border-collapse: separate; border-spacing: 0px;;text-align:left;"><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; text-align: center; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="14" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">June 30, 2018</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Amortized Cost,<br/>as Adjusted</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding<br/>Gains</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding Losses</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Estimated Fair<br/>Value</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Short-term investments:</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Certificates of Deposit</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">10,609,185</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">21,912</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">10,587,273</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Governmental Agency Securities</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">5,285,044</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">15,359</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">5,269,685</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">U.S. Treasury Notes</div></div></td><td style="width: 1%; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">2,491,691</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">2,849</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">2,488,842</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="text-indent: 10pt; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Total</div></div></td><td style="width: 1%; padding: 0in 0in 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">18,385,920</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">40,120</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">18,345,800</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; background: none;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;">&#160;</div><table style="width: 100%; border-collapse: separate; border-spacing: 0px;;text-align:left;"><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Amortized Cost,<br/>as Adjusted</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding<br/>Gains</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding Losses</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Estimated Fair<br/>Value</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Long-term investments:</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Certificates of Deposit</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">3,920,000</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">43,819</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">3,876,181</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Governmental Agency Securities</div></div></td><td style="width: 1%; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">3,028,606</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">29,974</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">2,998,632</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="text-indent: 10pt; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Total</div></div></td><td style="width: 1%; padding: 0in 0in 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">6,948,606</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">73,793</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">6,874,813</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; background: none;"></div><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="width: 100%; border-collapse: separate; border-spacing: 0px;;text-align:left;"><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; text-align: center; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="14" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">December 31, 2017</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Amortized Cost,<br/>as Adjusted</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding<br/>Gains</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding Losses</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom; border-top: 0px none;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black; border-top: 0px none;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Estimated Fair<br/>Value</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Short-term investments:</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Certificates of Deposit</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">14,001,237</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">20,146</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">13,981,091</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Governmental Agency Securities</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">5,945,314</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">18,101</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">5,927,213</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">U.S. Treasury Notes</div></div></td><td style="width: 1%; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">1,610,306</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">633</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">1,609,673</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="text-indent: 10pt; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Total</div></div></td><td style="width: 1%; padding: 0in 0in 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">21,556,857</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">38,880</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">21,517,977</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; background: none;"></div><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="width: 100%; border-collapse: separate; border-spacing: 0px;;text-align:left;"><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-size: 10pt; text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Amortized Cost,<br/>as Adjusted</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding<br/>Gains</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Gross<br/>Unrealized<br/>Holding Losses</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid black;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Estimated Fair<br/>Value</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Long-term investments:</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Certificates of Deposit</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">4,165,000</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">21,481</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">4,143,519</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Governmental Agency Securities</div></div></td><td style="width: 1%; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">3,040,374</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">14,907</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom; border-bottom: 1pt solid black;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">3,025,467</div></div></td><td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="width: 48%; padding: 0px 0pt 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="text-indent: 10pt; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Total</div></div></td><td style="width: 1%; padding: 0in 0in 2.5pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">7,205,374</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">-</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">36,388</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: right; vertical-align: bottom; border-bottom: 2.5pt double black; border-top: 0px none;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">7,168,986</div></div></td><td style="width: 1%; padding: 0in 0in 1.25pt; font-size: 10pt; line-height: 10pt; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Prepaid assets consisted of the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: separate; margin-bottom: 0.001pt; width: 70%; border-spacing: 0px;;margin : 0px auto;;text-align:left;"><tr><td style="padding: 0px 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none; text-align: center; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="background: none;;font-weight:bold;display:inline;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></div></td><td style="padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; vertical-align: bottom; width: 14%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June 30,</div></div></div></div></div></td><td style="padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; vertical-align: bottom; width: 14%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div></div></div></td><td style="padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="padding: 0px 0pt 1pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="background: none;;font-weight:bold;display:inline;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></div></td><td style="padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; vertical-align: bottom; width: 14%; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></div></div></td><td style="padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="padding: 0in; vertical-align: bottom; width: 14%; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></div></div></td><td style="padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); padding: 0px 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Current:</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-top: 0px none;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right; border-top: 0px none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left; border-top: 0px none;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right; border-top: 0px none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); padding: 0px 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Directors &amp; officers insurance</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0in; line-height: normal; white-space: nowrap; text-indent: 0in;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">47,917</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0in; line-height: normal; white-space: nowrap; text-indent: 0in;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">162,914</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); padding: 0px 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Prepaid rent</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">21,490</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">21,673</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); padding: 0px 0pt 1pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Other</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 1pt; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">84,595</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 0.5pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">25,121</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 0.5pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); padding: 0px 0pt 2.5pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.14in; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 2.5pt; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in; border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0in; line-height: normal; white-space: nowrap; text-indent: 0in;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right; border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">154,002</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 1.25pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0in; line-height: normal; white-space: nowrap; text-indent: 0in;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 13%; text-align: right; border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">209,708</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 1.25pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div>&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Property and equipment consisted of the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 70%;;margin : 0px auto;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June&#160;30,</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December&#160;31,</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Leasehold improvements</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">277,836</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">22,307</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Furniture and equipment</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">800,177</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">517,868</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">1,078,013</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">540,175</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Less: Accumulated depreciation</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">(347,564</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">)</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">(260,119</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">)</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.14in; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">730,449</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">280,056</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Accrued expenses consisted of the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 70%;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June&#160;30,</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December&#160;31,</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Accrued bonuses</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">544,804</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">389,802</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Deferred rent</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">74,652</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Accrued payroll</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">66,324</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">61,829</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Other</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">122,003</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">54,509</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 68%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.14in; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">807,783</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">506,140</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div>&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Black-Scholes option-pricing model was used to estimate the fair value of equity-based awards with the following weighted-average assumptions for the period ending June 30:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 80%;;margin : 0px auto;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 64%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Risk-free interest rate</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2.52 - 2.97%</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2.00</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Expected volatility</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">76.0%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;">&#160;</div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">75.0%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;">&#160;</div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Expected life (years)</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">6.25 to 10.00</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">6.25 to 10.00</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Expected dividend yield</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">0%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;">&#160;</div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">0%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;">&#160;</div></td></tr></table></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Income Taxes</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company has not recorded an income tax benefit for the six months and three months ended June 30, 2018 and 2017 due to net losses and recognition of a full valuation allowance.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;">&#160;</div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Basis of Presentation</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The accompanying unaudited financial statements include the accounts of the Company and have been prepared in accordance with Article 10 of Regulation S-X promulgated by the Securities and Exchange Commission (&#8220;SEC&#8221;). Accordingly, as permitted by Article 10, the unaudited financial statements do not include all of the information required by accounting principles generally accepted in the United States (&#8220;U.S. GAAP&#8221;). The Balance Sheet at December&#160;31, 2017 was derived from the audited financial statements at that date and does not include all the disclosures required by U.S. GAAP. In the opinion of management, all adjustments which are of a normal recurring nature and necessary for a fair presentation have been reflected in the financial statements. These unaudited condensed financial statements should be read in conjunction with the audited financial statements as of and for the year ended December&#160;31, 2017 and the related footnotes thereto included in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2017. Operating results for the three and six months ended June 30, 2018 are not necessarily indicative of the results to be expected during the remainder of the current year or for any future period.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">On September 15, 2017, in relation to preparing for its initial public offering (&#8220;IPO&#8221;), Celcuity LLC filed a certificate of conversion, whereby Celcuity LLC effected a corporate conversion from a Minnesota limited liability company to a Delaware corporation and changed its name to Celcuity Inc. Pursuant to the corporate conversion, units of membership interest in the limited liability company were converted into shares of common stock of the corporation at a conversion ratio of 40 units for one share of common stock. As a result of the corporate conversion, accumulated deficit was reduced to zero on the date of the corporate conversion, and the corresponding amount was credited to additional paid-in capital. The corporate conversion was approved by members holding a majority of our outstanding units, and in connection with such conversion, the Company filed a certificate of incorporation and adopted bylaws. The Company determined that the corporate conversion is equivalent to a change in the Company&#8217;s capital structure. As such, all references in the unaudited financial statements to the number of shares and per-share amounts of member units are now presented as common stock and have been retroactively restated to reflect the conversion.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">On September 22, 2017, the Company completed its IPO whereby it sold 2,760,000 shares of common stock at a public offering price of $9.50 per share. The aggregate net proceeds received by the Company from the offering were approximately $23.3 million, net of underwriting discounts and commissions of approximately $1.8 million and offering expenses of approximately $1.1 million. Upon the closing of the IPO, 10,082,050 shares of common stock were outstanding, which includes 881,911 shares of common stock as a result of the conversion of the Company&#8217;s Unsecured Convertible Promissory Notes (See Note 11). Shares of the Company&#8217;s common stock began trading on September 20, 2017 on The Nasdaq Capital Market under the symbol &#8220;CELC&#8221;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">On May 11, 2018, the Company filed an amendment to its certificate of incorporation to decrease the number of authorized shares of common stock and preferred stock. Pursuant to the Company&#8217;s amended certificate of incorporation, the Company is authorized to issue up to 25,000,000 shares of common stock, $0.001 par value per share and 2,500,000 shares of preferred stock, $0.001 par value per share.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Organization</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Nature of Business</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Celcuity Inc., a Delaware corporation (the &#8220;Company&#8221;), is a cellular analysis company that is discovering new cancer sub-types and commercializing diagnostic tests designed to significantly improve the response rates of cancer patients treated with targeted therapies. The Company&#8217;s proprietary CELx diagnostic platform is currently the only commercially ready technology the Company is aware of that uses a patient&#8217;s living tumor cells to evaluate the functional status of the cell signaling pathways associated with cancer. The CELx platform identifies the abnormal signaling activity driving a patient&#8217;s cancer and quantifies how effectively a targeted therapy can treat it. This enables physicians to select the therapeutic that precisely matches and inhibits a patient&#8217;s cellular dysfunction, which significantly increases the likelihood of a positive clinical outcome. The Company was co-founded in 2012 by Brian Sullivan and Lance Laing and is based in Minnesota. The Company has not generated any revenues to date.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;">&#160;</div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Accounting Estimates</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Management uses estimates and assumptions in preparing these unaudited condensed financial statements in accordance with U.S. GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the valuation of stock-based compensation and warrants issued to investors, a placement agent and an underwriter, and prepaid or accrued clinical trial costs.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The following table summarizes the activity for all stock options outstanding for the six months ended June 30 under the Plan:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:left;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="6" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="6" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt 0pt 2pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; padding: 0pt 0pt 2pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Shares</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt 0pt 2pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; margin-right: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Weighted</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; margin-right: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Average</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; margin-right: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exercise Price</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt 0pt 2pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Shares</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt 0pt 2pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; margin-right: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Weighted</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; margin-right: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Average</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; margin-right: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exercise Price</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt 0pt 2pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Options outstanding at beginning of year</div></div></td><td style="background: rgb(204, 238, 255); border-right-width: initial; border-bottom: none; border-left-width: initial; border-right-color: initial; border-left-color: initial; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 10%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">501,603</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 10%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">7.58</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 10%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">302,088</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 10%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">5.91</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Granted</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">21,152</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">18.93</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">148,150</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">8.38</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Forfeited</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">(7,553</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">)</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">3.60</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Balance at June 30</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">522,755</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">8.04</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">442,685</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">6.78</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Options exercisable at June 30:</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">262,393</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">6.72</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">166,119</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">5.46</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Weighted Average Grant Date Fair Value for Options Granted During the period:</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">14.02</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">5.29</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The following table summarizes additional information about stock options outstanding and exercisable at June 30, 2018 under the Plan:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.07in; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="width: 100%; border-collapse: collapse; border-spacing: 0px;;text-align:left;"><tr><td colspan="12" style="border-top: none; border-image: initial; border-bottom: 1pt solid black; width: 10%; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Options Outstanding</div></div></div></div></td><td style="border-top: none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-image: initial; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="10" style="border-top: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Options Exercisable</div></div></div></div></td><td style="border-top: none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; width: 10%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Options<br/>Outstanding</div></div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Weighted<br/>Average<br/>Remaining<br/>Contractual<br/>Life</div></div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Weighted<br/>Average<br/>Exercise<br/>Price</div></div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Aggregate<br/>Intrinsic<br/>Value</div></div></div></div></td><td style="border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-image: initial; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Options<br/>Exercisable</div></div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Weighted<br/>Average<br/>Exercise<br/>Price</div></div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: 0px none; border-image: initial; padding: 0in 0in 1pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-top: 0px none; border-image: initial; border-bottom: 1pt solid black; padding: 0in; font-size: 10pt; line-height: 10pt; vertical-align: bottom; width: 13%;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">Aggregate<br/>Intrinsic<br/>Value</div></div></div></div></td><td style="border-image: initial; padding: 0in 0in 0.5pt; font-size: 10pt; line-height: 10pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="width: 10%; padding: 0px 0pt; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="text-align: center; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">522,755</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 12%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">8.14</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 12%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">8.04</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 12%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">8,771,626</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 12%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap; text-align: center;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">262,393</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 12%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">6.72</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="text-align: left; margin: 0px 0px 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">$</div></div></td><td style="width: 12%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: right; vertical-align: bottom;"><div style="text-align: right; margin: 0px 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; white-space: nowrap;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; font-family: &quot;times new roman&quot;, times, serif;;display:inline;">4,748,003</div></div></td><td style="width: 1%; padding: 0in; font-size: 10pt; line-height: 10pt; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Cash, Cash Equivalents, and Restricted Cash</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company maintains its accounts primarily at one financial institution. At times throughout the year, the Company&#8217;s cash balances may exceed amounts insured by the Federal Deposit Insurance Corporation. At June 30, 2018 and December 31, 2017, the Company had $3,135,878 and $2,612,104, respectively, in money market funds and U.S. Treasury Bills that are considered cash equivalents. In connection with the corporate lease, the Company is required to maintain $50,000 of cash in a separate savings account. This balance is presented as restricted cash on the balance sheets.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Investments</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company maintains its investments in certificates of deposit, U.S. governmental agency securities and U.S. treasury notes and has classified them as held-to-maturity at the time of purchase. Held-to-maturity securities are those securities in which the Company has the ability and intent to hold until maturity. Held-to maturity securities are recorded at amortized cost, adjusted for the amortization or accretion of premiums and discounts. Premiums and discounts are amortized or accreted over the life of the related held-to-maturity security using a straight-line method. At June 30, 2018 and December 31, 2017, the Company had $25,334,526 and $28,762,231, respectively, of investments.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Total unrecognized compensation cost related to stock options and restricted stock is estimated to be recognized as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 65%;;margin : 0px auto;"><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 85%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2018</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 12%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">394,516</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2019</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">515,020</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2020</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">336,530</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2021</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">153,773</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2022</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">10,905</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total estimated compensation cost to be recognized</div></div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,410,744</div></div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company recognized total stock-based compensation, as follows for the three months and six months ended June 30:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:left;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin: 0in auto 0in 0px; width: 100%;;text-align:left;"><tr><td style="border-top: none; border-bottom: none; padding: 0px 0pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none; text-align: center; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="6" style="border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Three Months Ended</div></div></div></div></td><td style="border-top: none; padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="6" style="border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Six Months Ended</div></div></div></div></td><td style="border-top: none; padding: 0in; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-bottom: none; padding: 0px 0pt 1pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none; text-align: center; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="6" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June 30,</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="6" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June 30,</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-bottom: none; padding: 0px 0pt 1pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></div></td><td style="border-top: 0px none; padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: 0px none; padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></div></td><td style="border-top: 0px none; padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: 0px none; padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 11%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></div></td><td style="padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-top: none; border-bottom: none; padding: 0px 0pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Stock-based compensation expense in operating expenses:</div></div></td><td style="background: rgb(204, 238, 255); border-top: none; padding: 0in; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; border-bottom: none; border-top: 0px none; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; white-space: nowrap;">&#160;</div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0px 0pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Research and development</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; border-bottom: none; border-top: none; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">175,864</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">197,921</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">337,535</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">294,189</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-top: none; border-bottom: none; padding: 0px 0pt 1pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">General and administrative</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 1pt; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">100,420</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 0.5pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">128,627</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 0.5pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">275,229</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 0.5pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; vertical-align: bottom; padding: 0in 0in 1pt;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">128,627</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 0.5pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0px 0pt 2.5pt; vertical-align: bottom; width: 48%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 2.5pt; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">276,284</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 1.25pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">326,548</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 1.25pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">612,764</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 1.25pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 2.5pt; background-color: rgb(255, 255, 255); width: 1%; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 10%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">422,816</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 1.25pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear:both;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 0.001 0.001 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Property and Equipment</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Property and equipment are stated at cost. Depreciation is provided over estimated useful lives using the straight-line method. Maintenance and repairs are expensed as incurred; major improvements and betterments are capitalized.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Estimated useful lives of property and equipment are as follows for the major classes of assets:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.6in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 85%;;margin : 0px auto;"><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 70%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset Description</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom; width: 30%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Estimated</div><br/>&#8206; <div style="font-weight:bold;display:inline;">Lives</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Furniture and Equipment</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">4-5</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Leasehold Improvements</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2-3</div></div></td></tr></table></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 89704 45449 49966 25722 544804 389802 501603 302088 394516 3172782 10908068 77419 522755 P8Y1M20D 188850 50000 50000 -3784407 -2763566 74652 0 515020 21152 148150 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Long-Lived Assets</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Long-lived assets, such as property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values, and third party independent appraisals, as considered necessary.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 1546537 1303886 3092205 2212629 2500000 5000000 47917 162914 21490 21673 0 0 2639789 913286 386963 382646 301820 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Comprehensive Loss</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Comprehensive loss includes net loss as well as other changes in stockholders&#8217; equity that result from transactions and economic events other than those with stockholders. For all periods presented, there was no difference between net loss and comprehensive loss.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 66324 61829 0 7553 336530 3222782 10958068 10-Q 193338 8.04 8771626 64940 false 153773 442685 122003 54509 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Risks and Uncertainties</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company is subject to risks common to companies in the development stage including, but not limited to, dependency on the clinical and commercial success of its diagnostic tests, ability to obtain regulatory approval of its diagnostic tests, the need for substantial additional financing to achieve its goals, uncertainty of broad adoption of its approved products, if any, by physicians and consumers, and significant competition.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 1929183 1605706 4005491 2599592 18385920 21556857 0 0 84595 25121 154002 209708 277836 22307 800177 517868 1078013 540175 0.001 0.001 50000 50000 -4005491 -2599592 -1929183 -1605706 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value of Financial Instruments</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s accounting for fair value measurements of assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring or nonrecurring basis adheres to the Financial Accounting Standards Board (&#8220;FASB&#8221;) fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;">&#160;</div><div style="text-align:left;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top; width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: symbol; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the Company at the measurement date.</div></div></td></tr></table></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.57in; text-align: justify; text-indent: -0.5in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:left;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top; width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: symbol; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.</div></div></td></tr></table></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 0px 0px 0px 0.57in; text-align: justify; text-indent: -0.5in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:left;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top; width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: symbol; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date.</div></div></td></tr></table></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The level in the fair value hierarchy within which a fair measurement in its entirety falls is based on the lowest level input that is significant to the fair value measurement in its entirety.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The carrying values of cash equivalents, restricted cash, accounts payable, accrued expenses and other financial working capital items approximate fair value at June 30, 2018 and December 31, 2017 due to the short maturity nature of these items.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 262393 166119 10905 612764 422816 2018-06-30 524547 0.0252 0.0297 0.02 18385920 6948606 0 186759 0.76 0.75 6.72 2018 1410744 175864 197921 100420 128627 276284 326548 337535 294189 275229 128627 7.58 5.91 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Income Taxes</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company accounts for income taxes using the asset and liability method, as required by the accounting standard for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as net operating loss and tax credit carryforwards. Deferred taxes are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in results of operations in the period that includes the enactment date. The effects of any future changes in tax laws or rates have not been considered. The Company regularly reviews deferred tax assets to assess their potential realization and establish a valuation allowance for portions of such assets to reduce the carrying value if the Company does not consider it to be more likely than not that the deferred tax assets will be realized.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify;">The Company recognizes the impact of an uncertain tax position in its financial statements if, in management&#8217;s judgment, the position is more-likely-than-not sustainable upon audit based on the position&#8217;s technical merits. This involves the identification of potential uncertain tax positions, the evaluation of applicable tax laws and an assessment of whether a liability for an uncertain tax position is necessary.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 43198 25077 30009 12668 27726 27726 25000000 45000000 347564 260119 522755 442685 353980 103864 2571 0 522755 442685 730449 280056 10119312 10087516 50000 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Stock-Based Compensation</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s stock-based compensation consists of common stock options and restricted stock issued to certain employees and nonemployees of the Company and the Company&#8217;s Employee Stock Purchase Plan. The Company recognizes compensation expense based on an estimated grant date fair value using the Black-Scholes option-pricing method. The Company has elected to account for forfeitures as they occur.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 18.93 8.38 Q2 4748003 P6Y3M P10Y P6Y3M P10Y 0 186659 0 186686 0 0 Celcuity Inc. -55706 156120 0 3.60 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Research and Development</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Research and development costs are expensed as incurred. Research and development costs amounted to $3,092,205 and $2,212,629 for the six months ended June 30, 2018 and 2017, respectively, and $1,546,537 and $1,303,886 for the three months ended June 30, 2018 and 2017, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Clinical Trial Costs</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company records prepaid assets or accrued expenses for prepaid or estimated clinical trial costs conducted by third-party service providers, which include the conduct of preclinical studies and clinical trials.&#160;&#160;These costs are a significant component of the Company&#8217;s research and development expenses.&#160;&#160;The Company accrues for these costs based on factors such as estimates of the work completed and in accordance with agreements established with its third-party service providers under the service agreements.&#160;&#160;The Company makes significant judgments and estimates in determining the accrued liabilities balance in each reporting period.&#160;&#160;As actual costs become known, the Company adjusts its prepaid assets or accrued expenses.&#160;&#160;The Company has not experienced any material differences between accrued costs and actual costs incurred.&#160;&#160;However, the status and timing of actual services performed, number of patients enrolled and the rate of patient enrollments may vary from the Company&#8217;s estimates, resulting in an adjustment to expense in future periods.&#160;&#160;Changes in these estimates that result in material changes to the Company&#8217;s prepaid assets or accrued expenses could materially affect the Company&#8217;s results of operations.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 2018-07-31 112722 16150 221084 22712 21790430 24484080 10087516 10119312 4 5 2 3 300000 50000 50000 50000 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Application of New or Revised Accounting Standards</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Pursuant to the Jumpstart Our Business Startups Act of 2012 (the &#8220;JOBS Act&#8221;), a company constituting an &#8220;emerging growth company&#8221; is, among other things, entitled to rely upon certain reduced reporting requirements. The Company is an emerging growth company, but has irrevocably elected not to take advantage of the extended transition period afforded by the JOBS Act for the implementation of new or revised accounting standards. As a result, the Company will comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for public companies that are not emerging growth companies.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 6.78 12604 -34771 0001603454 112722 -170509 221084 -163974 --12-31 226643 89700 5.46 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Recently Issued Accounting Pronouncements</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In February 2016, the FASB issued ASU No. 2016-02, </div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Leases (Topic 842), </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">which provides guidance for accounting for leases. The new guidance requires companies to recognize the assets and liabilities for the rights and obligations created by leased assets, initially measured at the present value of the lease payments. The accounting guidance for lessors is largely unchanged. The ASU is effective for annual and interim periods beginning after December 15, 2018 with early adoption permitted. It is to be adopted using a modified retrospective approach. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company&#8217;s financial statements.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Recently Adopted Accounting Pronouncements</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In November 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-18, <div style="font-style:italic;display:inline;">Restricted Cash</div>, which amended </div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Statement of Cash Flows (Topic 230) </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">of the Accounting Standards Codification. The new guidance requires amounts generally described as restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted this standard as of January 1, 2018 and applied it retrospectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify;">In June 2018, the FASB issued Accounting Standards Update (ASU) No. 2018-07,&#160;<div style="font-style:italic;display:inline;">Improvements to Nonemployee Share-Based Payment Accounting</div>, which expands the scope of ASC 718, Compensation &#8211; Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees and to supersede the guidance in ASC 505-50. The new guidance will be substantially the same as current guidance for employee awards. The Company adopted this standard as of April 1, 2018 and applied it using the modified retrospective approach. The remeasurement of open awards to nonemployees was based on the fair value of such awards as of the date of adoption and resulted in no material change to accumulated deficit or additional paid-in capital.</div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify;">&#160;</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 625000 750000 100000 100000 -3784407 -2763566 -1816461 -1776215 6948606 7205374 10609185 5285044 2491691 3920000 3028606 14001237 5945314 1610306 21556857 4165000 3040374 7205374 29469485 31969510 0 0 0 0 50000 501158 422816 235060 326548 64719 0 22431 0 14.02 5.29 -2784281 -2209733 Smaller Reporting Company 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21481 14907 36388 43819 29974 73793 20146 18101 633 38880 21912 15359 2849 40120 CELC 2571 2040000 2571 0 10119312 3235000 0 6660000 0 8337500 5750000 2587500 5250 0 5250 0 2760000 149401 71913 664297 0.0125 372282 165851 1000 0 2018-12-31 5706 0 46887 0 18793 0 9.50 1100000 962890 578053 9.50 3053718 -165851 131675 48615 986116 578053 10082050 881911 P10Y P7Y 0 7493330 0 40961 286999 776717 0.1 532993 5051720 0 0 1800000 3135878 2612104 10119 10087 885131 411375 34264884 33388597 23300000 257604208 10087516 10119312 6440139 25334526 28762231 -5791634 -2007227 881911 2689789 5906348 8.42 28483369 31391457 29469485 31969510 7560783 776717 8337500 55249 48615 353980 373323 138000 8.42 10.45 7.56 330607 784111 2022-09-19 9.42 19343 0 0 0 -1816461 -1776215 -0.18 -0.28 -0.37 -0.43 10103323 6440139 10110558 6440139 2705 0 0 25065 183759 0 807783 506140 23226 0 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company leases its corporate space in Minneapolis, Minnesota. At June 30, 2018, the Company had the following minimum commitments for payment of rentals which at inception had a non-cancellable term of more than one year:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 60%;;margin : 0px auto;;text-align:left;;margin : 0px auto;"><tr><td colspan="1" style="border-top: none; border-bottom: none; padding: 0px 0pt 1pt; vertical-align: bottom; width: 85%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none; white-space: nowrap;"><div style="background: none;;font-weight:bold;display:inline;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; padding: 0in 0in 1pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 13%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></div></div></td><td style="border-top: none; padding: 0in 0in 0.5pt; vertical-align: bottom;"><div style="font-size: 10pt; line-height: normal;"><div style="background: none;;font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-top: none; border-bottom: none; padding: 0px 0pt; vertical-align: bottom; width: 85%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2018</div></div></td><td style="background: rgb(204, 238, 255); border-top: none; padding: 0in; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; border-bottom: none; border-top: 0px none; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-top: 0px none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 12%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">77,419</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0px 0pt; vertical-align: bottom; width: 85%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2019</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; border-bottom: none; border-top: none; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 12%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">188,850</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-top: none; border-bottom: none; padding: 0px 0pt; vertical-align: bottom; width: 85%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2020</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; border-bottom: none; border-top: none; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-top: none; border-bottom: none; padding: 0in; vertical-align: bottom; width: 12%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">193,338</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-top: none; border-bottom: none; padding: 0px 0pt 1pt; vertical-align: bottom; width: 85%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">2021</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 1pt; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(255, 255, 255); width: 1%; border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0in; vertical-align: bottom; width: 12%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">64,940</div></div></td><td style="background: rgb(255, 255, 255); padding: 0in 0in 0.5pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-top: none; border-bottom: none; padding: 0px 0pt 2.5pt; vertical-align: bottom; width: 85%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 2.5pt; vertical-align: bottom; width: 1%;"><div style="font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background-color: rgb(204, 238, 255); width: 1%; border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; text-align: left; vertical-align: bottom; padding: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: left; margin: 0px 0px 0px 0in; line-height: normal; text-indent: 0in; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-top: 0px none; padding: 0in; vertical-align: bottom; width: 12%; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0in; margin-bottom: 0px; margin-top: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">524,547</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 1.25pt; vertical-align: bottom; width: 1%; text-align: left;"><div style="font-size: 10pt; margin-left: 0in; text-indent: 0in; text-align: left; white-space: nowrap; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="text-align:center;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 65%;;margin : 0px auto;"><tr><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June&#160;30,&#160;2018</div></div></div></td><td style="border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 87%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Furniture and equipment</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 10%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">28,932</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom; width: 1%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Less: Accumulated depreciation</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">(482</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">)</div></div></td></tr><tr><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.14in; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Net book value of property and equipment under capital lease</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td><td style="background: rgb(204, 238, 255); border-bottom: 2.5pt double rgb(0, 0, 0); border-left-width: initial; border-left-color: initial; border-right-width: initial; border-right-color: initial; border-top: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">28,450</div></div></td><td style="background: rgb(204, 238, 255); border-width: initial; border-bottom-style: none; border-color: initial; border-top-style: none; padding: 0pt; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-right: 0px; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="white-space: pre-wrap; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 28932 482 28450 79797 0 4232 7255 263556 7427304 7255 7255 7255 3022 36274 512 6830 28932 64883 0 28932 0 75000 0 0 844170 P5Y 0 1063715 0 276666 13981091 5927213 1609673 21517977 3876181 2998632 6874813 10587273 5269685 2488842 18345800 4143519 3025467 7168986 <div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">As of June 30, 2018, future minimum lease payments under capital leases were as follows:</div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; background: none;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table cellpadding="0" cellspacing="0" style="font: 10pt &quot;times new roman&quot;, times, serif; width: 65%; border-collapse: collapse; border-spacing: 0px;;margin : 0px auto;;text-align:left;"><tr style="vertical-align: bottom;"><td style="text-align: center; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="padding: 0pt; font-weight: normal; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td colspan="2" style="text-align: center; font-weight: normal; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></td><td style="padding: 0pt; font-weight: normal; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="width: 83%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">2018</td><td style="width: 1%; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="width: 1%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">$</td><td style="width: 14%; text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">4,232</td><td style="width: 1%; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">2019</td><td style="font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">7,255</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">2020</td><td style="font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">7,255</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">2021</td><td style="font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">7,255</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">2022</td><td style="font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">7,255</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">2023</td><td style="padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">3,022</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="text-align: left; text-indent: 10pt; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">Total minimum capital lease payments</td><td style="padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">36,274</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; text-indent: 10pt; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">Less amount representing interest</td><td style="font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">512</td><td style="text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="text-align: left; text-indent: 10pt; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">Less amount representing services</td><td style="padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">&#160;</td><td style="text-align: right; border-bottom: 1pt solid black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">6,830</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; text-indent: 10pt; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">Present value of net minimum capital lease payments</td><td style="padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="text-align: left; border-bottom: 2.5pt double black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">$</td><td style="text-align: right; border-bottom: 2.5pt double black; font-family: &quot;times new roman&quot;, times, serif; padding: 0pt;">28,932</td><td style="text-align: left; padding: 0pt; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> iso4217:USD xbrli:shares xbrli:pure iso4217:USD xbrli:shares EX-101.SCH 8 celc-20180630.xsd XBRL TAXONOMY EXTENSION SCHEMA 1001 - Document - Document And Entity Information link:presentationLink link:definitionLink link:calculationLink 1002 - Statement - Condensed Balance Sheets link:presentationLink link:definitionLink link:calculationLink 1003 - Statement - Condensed Balance Sheets [Parenthetical] link:presentationLink link:definitionLink link:calculationLink 1004 - Statement - Condensed Statements of Operations link:presentationLink link:definitionLink link:calculationLink 1005 - Statement - Condensed Statements of Cash Flows link:presentationLink link:definitionLink link:calculationLink 1006 - Statement - Condensed Statements of Cash Flows (Additional Information) link:presentationLink link:definitionLink link:calculationLink 1007 - Disclosure - Organization link:presentationLink link:definitionLink link:calculationLink 1008 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 1009 - Disclosure - Net Loss Per Common Share link:presentationLink link:definitionLink link:calculationLink 1010 - Disclosure - Investments link:presentationLink link:definitionLink link:calculationLink 1011 - Disclosure - Prepaid Assets link:presentationLink link:definitionLink link:calculationLink 1012 - Disclosure - Property and Equipment link:presentationLink link:definitionLink link:calculationLink 1013 - Disclosure - Accrued Expenses link:presentationLink link:definitionLink link:calculationLink 1014 - Disclosure - Commitments link:presentationLink link:definitionLink link:calculationLink 1015 - Disclosure - Stockholders' Equity link:presentationLink link:definitionLink link:calculationLink 1016 - Disclosure - Stock-Based Compensation link:presentationLink link:definitionLink link:calculationLink 1017 - Disclosure - Unsecured Convertible Promissory Notes link:presentationLink link:definitionLink link:calculationLink 1018 - Disclosure - Income Taxes link:presentationLink link:definitionLink link:calculationLink 1019 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:definitionLink link:calculationLink 1020 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:definitionLink link:calculationLink 1021 - Disclosure - Investments (Tables) link:presentationLink link:definitionLink link:calculationLink 1022 - Disclosure - Prepaid Assets (Tables) link:presentationLink link:definitionLink link:calculationLink 1023 - Disclosure - Property and Equipment (Tables) link:presentationLink link:definitionLink link:calculationLink 1024 - Disclosure - Accrued Expenses (Tables) link:presentationLink link:definitionLink link:calculationLink 1025 - Disclosure - Commitments (Tables) link:presentationLink link:definitionLink link:calculationLink 1026 - Disclosure - Stock-Based Compensation (Tables) link:presentationLink link:definitionLink link:calculationLink 1027 - Disclosure - Summary of Significant Accounting Policies (Details) link:presentationLink link:definitionLink link:calculationLink 1028 - Disclosure - Summary of Significant Accounting Policies (Details Textual) link:presentationLink link:definitionLink link:calculationLink 1029 - Disclosure - Net Loss Per Common Share (Details Textual) link:presentationLink link:definitionLink link:calculationLink 1030 - Disclosure - Investments (Details) link:presentationLink link:definitionLink link:calculationLink 1031 - Disclosure - Investments (Details Textual) link:presentationLink link:definitionLink link:calculationLink 1032 - Disclosure - Prepaid Assets (Details) link:presentationLink link:definitionLink link:calculationLink 1033 - Disclosure - Property and Equipment (Details) link:presentationLink link:definitionLink link:calculationLink 1034 - Disclosure - Property and Equipment (Details Textual) link:presentationLink link:definitionLink link:calculationLink 1035 - Disclosure - Accrued Expenses (Details) link:presentationLink link:definitionLink link:calculationLink 1036 - Disclosure - Commitments (Details) link:presentationLink link:definitionLink link:calculationLink 1037 - Disclosure - Commitments (Details 1) link:presentationLink link:definitionLink link:calculationLink 1038 - Disclosure - Commitments (Details 2) link:presentationLink link:definitionLink link:calculationLink 1039 - Disclosure - Commitments (Details Textual) link:presentationLink link:definitionLink link:calculationLink 1040 - Disclosure - Stockholders' Equity (Details Textual) link:presentationLink link:definitionLink link:calculationLink 1041 - Disclosure - Stock-Based Compensation (Details) link:presentationLink link:definitionLink link:calculationLink 1042 - Disclosure - Stock-Based Compensation (Details 1) link:presentationLink link:definitionLink link:calculationLink 1043 - Disclosure - Stock-Based Compensation (Details 2) link:presentationLink link:definitionLink link:calculationLink 1044 - Disclosure - Stock-Based Compensation (Details 3) link:presentationLink link:definitionLink link:calculationLink 1045 - Disclosure - Stock-Based Compensation (Details 4) link:presentationLink link:definitionLink link:calculationLink 1046 - Disclosure - Stock-Based Compensation (Details Textual) link:presentationLink link:definitionLink link:calculationLink 1047 - Disclosure - Unsecured Convertible Promissory Notes (Details Textual) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 9 celc-20180630_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 10 celc-20180630_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 11 celc-20180630_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 12 celc-20180630_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 13 R1.htm IDEA: XBRL DOCUMENT v3.10.0.1
Document And Entity Information - shares
6 Months Ended
Jun. 30, 2018
Aug. 01, 2018
Document Information [Line Items]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Jun. 30, 2018  
Document Fiscal Year Focus 2018  
Document Fiscal Period Focus Q2  
Entity Registrant Name Celcuity Inc.  
Entity Central Index Key 0001603454  
Current Fiscal Year End Date --12-31  
Entity Filer Category Smaller Reporting Company  
Trading Symbol CELC  
Entity Common Stock, Shares Outstanding   10,119,312
XML 14 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 3,172,782 $ 2,639,789
Investments 18,385,920 21,556,857
Restricted cash 50,000 50,000
Deposits 27,726 27,726
Prepaid assets 154,002 209,708
Total current assets 21,790,430 24,484,080
Property and equipment, net 730,449 280,056
Long term investments 6,948,606 7,205,374
Total Assets 29,469,485 31,969,510
Current Liabilities:    
Accounts payable 149,401 71,913
Capital lease obligations 5,706 0
Accrued expenses 807,783 506,140
Total current liabilities 962,890 578,053
Capital lease obligations 23,226 0
Total Liabilities 986,116 578,053
Commitments and contingencies
Stockholders' Equity:    
Preferred stock, $0.001 par value: 2,500,000 and 5,000,000 shares authorized as of June 30, 2018 and December 31, 2017, respectively; 0 shares issued and outstanding as of June 30, 2018 and December 31, 2017 0 0
Common stock, $0.001 par value: 25,000,000 and 45,000,000 shares authorized as of June 30, 2018 and December 31, 2017, respectively; 10,119,312 and 10,087,516 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 10,119 10,087
Additional paid-in capital 34,264,884 33,388,597
Accumulated deficit (5,791,634) (2,007,227)
Total Stockholders' Equity 28,483,369 31,391,457
Total Liabilities and Stockholders' Equity $ 29,469,485 $ 31,969,510
XML 15 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Balance Sheets [Parenthetical] - $ / shares
Jun. 30, 2018
Dec. 31, 2017
Preferred Stock, Par or Stated Value Per Share $ 0.001 $ 0.001
Preferred Stock, Shares Authorized 2,500,000 5,000,000
Preferred Stock, Shares Issued 0 0
Preferred Stock, Shares Outstanding 0 0
Common Stock, Par or Stated Value Per Share $ 0.001 $ 0.001
Common Stock, Shares Authorized 25,000,000 45,000,000
Common Stock, Shares, Issued 10,119,312 10,087,516
Common Stock, Shares, Outstanding 10,119,312 10,087,516
XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating expenses:        
Research and development $ 1,546,537 $ 1,303,886 $ 3,092,205 $ 2,212,629
General and administrative 382,646 301,820 913,286 386,963
Total operating expenses 1,929,183 1,605,706 4,005,491 2,599,592
Loss from operations (1,929,183) (1,605,706) (4,005,491) (2,599,592)
Other income (expense)        
Interest expense 0 (186,659) 0 (186,686)
Interest income 112,722 16,150 221,084 22,712
Other income (expense), net 112,722 (170,509) 221,084 (163,974)
Net loss before income taxes (1,816,461) (1,776,215) (3,784,407) (2,763,566)
Income tax benefits 0 0 0 0
Net loss $ (1,816,461) $ (1,776,215) $ (3,784,407) $ (2,763,566)
Net loss per share, basic and diluted $ (0.18) $ (0.28) $ (0.37) $ (0.43)
Weighted average common shares outstanding, basic and diluted 10,110,558 6,440,139 10,103,323 6,440,139
XML 17 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net loss $ (3,784,407) $ (2,763,566)
Adjustments to reconcile net loss to net cash used for operations:    
Depreciation 89,704 45,449
Stock-based compensation 612,764 422,816
Non-cash interest expense 0 186,759
Non-cash interest income adjustment 2,705 0
Changes in operating assets and liabilities:    
Prepaid assets and deposits 55,706 (156,120)
Accounts payable 12,604 (34,771)
Accrued expenses 226,643 89,700
Net cash used for operating activities (2,784,281) (2,209,733)
Cash flows from investing activities:    
Purchases of investments (3,235,000) 0
Proceeds from sale of investments 6,660,000 0
Purchases of property and equipment (372,282) (165,851)
Proceeds from sale of property and equipment 1,000 0
Net cash provided by (used for) investing activities 3,053,718 (165,851)
Cash flows from financing activities:    
Proceeds from sale of convertible promissory notes 0 7,493,330
Payments for debt issuance costs 0 (40,961)
Deferred transaction costs 0 (25,065)
Proceeds from exercise of common stock warrants 183,759 0
Proceeds from employee stock purchases 79,797 0
Net cash provided by financing activities 263,556 7,427,304
Net change in cash, cash equivalents, and restricted cash 532,993 5,051,720
Cash, cash equivalents, and restricted cash:    
Beginning of period 2,689,789 5,906,348
End of period $ 3,222,782 $ 10,958,068
XML 18 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Statements of Cash Flows (Additional Information) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash and cash equivalents $ 3,172,782 $ 10,908,068
Restricted cash 50,000 50,000
Total 3,222,782 10,958,068
Supplemental disclosures of non-cash investing and financing activities:    
Property and equipment included in accounts payable 64,883 0
Property and equipment funded by capital lease 28,932 0
Leasehold improvements funded by landlord and related deferred rent included in accrued expenses 75,000 0
Debt issuance costs netted against proceeds from sale of convertible promissory notes 0 844,170
Debt discount related to investor and agent warrants (Note 11) 0 1,063,715
Deferred transaction costs included in accounts payable and accrued expenses $ 0 $ 276,666
XML 19 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Organization
6 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
1.       Organization
 
Nature of Business
 
Celcuity Inc., a Delaware corporation (the “Company”), is a cellular analysis company that is discovering new cancer sub-types and commercializing diagnostic tests designed to significantly improve the response rates of cancer patients treated with targeted therapies. The Company’s proprietary CELx diagnostic platform is currently the only commercially ready technology the Company is aware of that uses a patient’s living tumor cells to evaluate the functional status of the cell signaling pathways associated with cancer. The CELx platform identifies the abnormal signaling activity driving a patient’s cancer and quantifies how effectively a targeted therapy can treat it. This enables physicians to select the therapeutic that precisely matches and inhibits a patient’s cellular dysfunction, which significantly increases the likelihood of a positive clinical outcome. The Company was co-founded in 2012 by Brian Sullivan and Lance Laing and is based in Minnesota. The Company has not generated any revenues to date.
 
XML 20 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies
6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Significant Accounting Policies [Text Block]
2.       Summary of Significant Accounting Policies
 
Basis of Presentation
 
The accompanying unaudited financial statements include the accounts of the Company and have been prepared in accordance with Article 10 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, as permitted by Article 10, the unaudited financial statements do not include all of the information required by accounting principles generally accepted in the United States (“U.S. GAAP”). The Balance Sheet at December 31, 2017 was derived from the audited financial statements at that date and does not include all the disclosures required by U.S. GAAP. In the opinion of management, all adjustments which are of a normal recurring nature and necessary for a fair presentation have been reflected in the financial statements. These unaudited condensed financial statements should be read in conjunction with the audited financial statements as of and for the year ended December 31, 2017 and the related footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. Operating results for the three and six months ended June 30, 2018 are not necessarily indicative of the results to be expected during the remainder of the current year or for any future period.
 
On September 15, 2017, in relation to preparing for its initial public offering (“IPO”), Celcuity LLC filed a certificate of conversion, whereby Celcuity LLC effected a corporate conversion from a Minnesota limited liability company to a Delaware corporation and changed its name to Celcuity Inc. Pursuant to the corporate conversion, units of membership interest in the limited liability company were converted into shares of common stock of the corporation at a conversion ratio of 40 units for one share of common stock. As a result of the corporate conversion, accumulated deficit was reduced to zero on the date of the corporate conversion, and the corresponding amount was credited to additional paid-in capital. The corporate conversion was approved by members holding a majority of our outstanding units, and in connection with such conversion, the Company filed a certificate of incorporation and adopted bylaws. The Company determined that the corporate conversion is equivalent to a change in the Company’s capital structure. As such, all references in the unaudited financial statements to the number of shares and per-share amounts of member units are now presented as common stock and have been retroactively restated to reflect the conversion.
 
On September 22, 2017, the Company completed its IPO whereby it sold 2,760,000 shares of common stock at a public offering price of $9.50 per share. The aggregate net proceeds received by the Company from the offering were approximately $23.3 million, net of underwriting discounts and commissions of approximately $1.8 million and offering expenses of approximately $1.1 million. Upon the closing of the IPO, 10,082,050 shares of common stock were outstanding, which includes 881,911 shares of common stock as a result of the conversion of the Company’s Unsecured Convertible Promissory Notes (See Note 11). Shares of the Company’s common stock began trading on September 20, 2017 on The Nasdaq Capital Market under the symbol “CELC”.
 
On May 11, 2018, the Company filed an amendment to its certificate of incorporation to decrease the number of authorized shares of common stock and preferred stock. Pursuant to the Company’s amended certificate of incorporation, the Company is authorized to issue up to 25,000,000 shares of common stock, $0.001 par value per share and 2,500,000 shares of preferred stock, $0.001 par value per share.
 
Accounting Estimates
 
Management uses estimates and assumptions in preparing these unaudited condensed financial statements in accordance with U.S. GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the valuation of stock-based compensation and warrants issued to investors, a placement agent and an underwriter, and prepaid or accrued clinical trial costs.
 
Cash, Cash Equivalents, and Restricted Cash
 
The Company maintains its accounts primarily at one financial institution. At times throughout the year, the Company’s cash balances may exceed amounts insured by the Federal Deposit Insurance Corporation. At June 30, 2018 and December 31, 2017, the Company had $3,135,878 and $2,612,104, respectively, in money market funds and U.S. Treasury Bills that are considered cash equivalents. In connection with the corporate lease, the Company is required to maintain $50,000 of cash in a separate savings account. This balance is presented as restricted cash on the balance sheets.
 
Investments
 
The Company maintains its investments in certificates of deposit, U.S. governmental agency securities and U.S. treasury notes and has classified them as held-to-maturity at the time of purchase. Held-to-maturity securities are those securities in which the Company has the ability and intent to hold until maturity. Held-to maturity securities are recorded at amortized cost, adjusted for the amortization or accretion of premiums and discounts. Premiums and discounts are amortized or accreted over the life of the related held-to-maturity security using a straight-line method. At June 30, 2018 and December 31, 2017, the Company had $25,334,526 and $28,762,231, respectively, of investments.
 
Property and Equipment
 
Property and equipment are stated at cost. Depreciation is provided over estimated useful lives using the straight-line method. Maintenance and repairs are expensed as incurred; major improvements and betterments are capitalized.
 
Estimated useful lives of property and equipment are as follows for the major classes of assets:
 
Asset Description
Estimated

Lives
Furniture and Equipment
4-5
Leasehold Improvements
2-3
 
Long-Lived Assets
 
Long-lived assets, such as property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values, and third party independent appraisals, as considered necessary.
 
Comprehensive Loss
 
Comprehensive loss includes net loss as well as other changes in stockholders’ equity that result from transactions and economic events other than those with stockholders. For all periods presented, there was no difference between net loss and comprehensive loss.
 
Risks and Uncertainties
 
The Company is subject to risks common to companies in the development stage including, but not limited to, dependency on the clinical and commercial success of its diagnostic tests, ability to obtain regulatory approval of its diagnostic tests, the need for substantial additional financing to achieve its goals, uncertainty of broad adoption of its approved products, if any, by physicians and consumers, and significant competition.
 
Fair Value of Financial Instruments
 
The Company’s accounting for fair value measurements of assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring or nonrecurring basis adheres to the Financial Accounting Standards Board (“FASB”) fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:
 
Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the Company at the measurement date.
 
Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.
 
Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date.
 
The level in the fair value hierarchy within which a fair measurement in its entirety falls is based on the lowest level input that is significant to the fair value measurement in its entirety.
 
The carrying values of cash equivalents, restricted cash, accounts payable, accrued expenses and other financial working capital items approximate fair value at June 30, 2018 and December 31, 2017 due to the short maturity nature of these items.
 
Income Taxes
 
The Company accounts for income taxes using the asset and liability method, as required by the accounting standard for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as net operating loss and tax credit carryforwards. Deferred taxes are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in results of operations in the period that includes the enactment date. The effects of any future changes in tax laws or rates have not been considered. The Company regularly reviews deferred tax assets to assess their potential realization and establish a valuation allowance for portions of such assets to reduce the carrying value if the Company does not consider it to be more likely than not that the deferred tax assets will be realized.
 
The Company recognizes the impact of an uncertain tax position in its financial statements if, in management’s judgment, the position is more-likely-than-not sustainable upon audit based on the position’s technical merits. This involves the identification of potential uncertain tax positions, the evaluation of applicable tax laws and an assessment of whether a liability for an uncertain tax position is necessary.
 
Stock-Based Compensation
 
The Company’s stock-based compensation consists of common stock options and restricted stock issued to certain employees and nonemployees of the Company and the Company’s Employee Stock Purchase Plan. The Company recognizes compensation expense based on an estimated grant date fair value using the Black-Scholes option-pricing method. The Company has elected to account for forfeitures as they occur.
 
Research and Development
 
Research and development costs are expensed as incurred. Research and development costs amounted to $3,092,205 and $2,212,629 for the six months ended June 30, 2018 and 2017, respectively, and $1,546,537 and $1,303,886 for the three months ended June 30, 2018 and 2017, respectively.
 
Clinical Trial Costs
 
The Company records prepaid assets or accrued expenses for prepaid or estimated clinical trial costs conducted by third-party service providers, which include the conduct of preclinical studies and clinical trials.  These costs are a significant component of the Company’s research and development expenses.  The Company accrues for these costs based on factors such as estimates of the work completed and in accordance with agreements established with its third-party service providers under the service agreements.  The Company makes significant judgments and estimates in determining the accrued liabilities balance in each reporting period.  As actual costs become known, the Company adjusts its prepaid assets or accrued expenses.  The Company has not experienced any material differences between accrued costs and actual costs incurred.  However, the status and timing of actual services performed, number of patients enrolled and the rate of patient enrollments may vary from the Company’s estimates, resulting in an adjustment to expense in future periods.  Changes in these estimates that result in material changes to the Company’s prepaid assets or accrued expenses could materially affect the Company’s results of operations.
 
Application of New or Revised Accounting Standards
 
Pursuant to the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), a company constituting an “emerging growth company” is, among other things, entitled to rely upon certain reduced reporting requirements. The Company is an emerging growth company, but has irrevocably elected not to take advantage of the extended transition period afforded by the JOBS Act for the implementation of new or revised accounting standards. As a result, the Company will comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for public companies that are not emerging growth companies.
 
Recently Issued Accounting Pronouncements
 
In February 2016, the FASB issued ASU No. 2016-02,
Leases (Topic 842),
which provides guidance for accounting for leases. The new guidance requires companies to recognize the assets and liabilities for the rights and obligations created by leased assets, initially measured at the present value of the lease payments. The accounting guidance for lessors is largely unchanged. The ASU is effective for annual and interim periods beginning after December 15, 2018 with early adoption permitted. It is to be adopted using a modified retrospective approach. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s financial statements.
 
Recently Adopted Accounting Pronouncements
 
In November 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-18,
Restricted Cash
, which amended
Statement of Cash Flows (Topic 230)
of the Accounting Standards Codification. The new guidance requires amounts generally described as restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted this standard as of January 1, 2018 and applied it retrospectively.
 
In June 2018, the FASB issued Accounting Standards Update (ASU) No. 2018-07, 
Improvements to Nonemployee Share-Based Payment Accounting
, which expands the scope of ASC 718, Compensation – Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees and to supersede the guidance in ASC 505-50. The new guidance will be substantially the same as current guidance for employee awards. The Company adopted this standard as of April 1, 2018 and applied it using the modified retrospective approach. The remeasurement of open awards to nonemployees was based on the fair value of such awards as of the date of adoption and resulted in no material change to accumulated deficit or additional paid-in capital.
 
XML 21 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
Net Loss Per Common Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
3.       Net Loss Per Common Share
 
Basic and diluted net loss per common share is determined by dividing net loss attributable to common stockholders by the weighted-average common shares outstanding during the period. For all periods presented, the common shares underlying the options and warrants have been excluded from the calculation because their effect would be anti-dilutive. Therefore, the weighted-average shares outstanding used to calculate both basic and diluted loss per common shares are the same.
 
For the three and six months ended June 30, 2018 and 2017, potentially dilutive securities excluded from the computations of diluted weighted-average shares outstanding were options to purchase 522,755 and 442,685 shares of common stock, respectively, warrants to purchase 353,980 and 103,864 shares of common stock, respectively, and 2,571 and 0 shares of restricted common stock, respectively.
 
XML 22 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investments
6 Months Ended
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]
4.       Investments
 
The following tables summarizes the Company’s held-to-maturity investment securities at amortized cost as of June 30, 2018 and December 31, 2017:
 
 
 
June 30, 2018
 
 
 
Amortized Cost,
as Adjusted
 
 
Gross
Unrealized
Holding
Gains
 
 
Gross
Unrealized
Holding Losses
 
 
Estimated Fair
Value
 
Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of Deposit
 
$
10,609,185
 
 
$
-
 
 
$
21,912
 
 
$
10,587,273
 
Governmental Agency Securities
 
 
5,285,044
 
 
 
-
 
 
 
15,359
 
 
 
5,269,685
 
U.S. Treasury Notes
 
 
2,491,691
 
 
 
-
 
 
 
2,849
 
 
 
2,488,842
 
Total
 
$
18,385,920
 
 
$
-
 
 
$
40,120
 
 
$
18,345,800
 
 
 
 
Amortized Cost,
as Adjusted
 
 
Gross
Unrealized
Holding
Gains
 
 
Gross
Unrealized
Holding Losses
 
 
Estimated Fair
Value
 
Long-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of Deposit
 
$
3,920,000
 
 
$
-
 
 
$
43,819
 
 
$
3,876,181
 
Governmental Agency Securities
 
 
3,028,606
 
 
 
-
 
 
$
29,974
 
 
 
2,998,632
 
Total
 
$
6,948,606
 
 
$
-
 
 
$
73,793
 
 
$
6,874,813
 
 
 
 
December 31, 2017
 
 
 
Amortized Cost,
as Adjusted
 
 
Gross
Unrealized
Holding
Gains
 
 
Gross
Unrealized
Holding Losses
 
 
Estimated Fair
Value
 
Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of Deposit
 
$
14,001,237
 
 
$
-
 
 
$
20,146
 
 
$
13,981,091
 
Governmental Agency Securities
 
 
5,945,314
 
 
 
-
 
 
 
18,101
 
 
 
5,927,213
 
U.S. Treasury Notes
 
 
1,610,306
 
 
 
-
 
 
 
633
 
 
 
1,609,673
 
Total
 
$
21,556,857
 
 
$
-
 
 
$
38,880
 
 
$
21,517,977
 
 
 
 
Amortized Cost,
as Adjusted
 
 
Gross
Unrealized
Holding
Gains
 
 
Gross
Unrealized
Holding Losses
 
 
Estimated Fair
Value
 
Long-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of Deposit
 
$
4,165,000
 
 
$
-
 
 
$
21,481
 
 
$
4,143,519
 
Governmental Agency Securities
 
 
3,040,374
 
 
 
-
 
 
 
14,907
 
 
 
3,025,467
 
Total
 
$
7,205,374
 
 
$
-
 
 
$
36,388
 
 
$
7,168,986
 
 
The Company’s held-to-maturity investments of $18,385,920 and $6,948,606 will mature in 2018 and 2019, respectively.
 
XML 23 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
Prepaid Assets
6 Months Ended
Jun. 30, 2018
Prepaid Expense, Current [Abstract]  
Disclosure Of Prepaid Assets [Text Block]
5.       Prepaid Assets
 
Prepaid assets consisted of the following:
 
 
 
June 30,
 
 
December 31,
 
 
 
2018
 
 
2017
 
Current:
 
 
 
 
 
 
 
 
Directors & officers insurance
 
$
47,917
 
 
$
162,914
 
Prepaid rent
 
 
21,490
 
 
 
21,673
 
Other
 
 
84,595
 
 
 
25,121
 
Total
 
$
154,002
 
 
$
209,708
 
 
XML 24 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Property and Equipment
6 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
6.       Property and Equipment
 
Property and equipment consisted of the following:
 
 
 
June 30,
 
 
December 31,
 
 
 
2018
 
 
2017
 
Leasehold improvements
 
$
277,836
 
 
$
22,307
 
Furniture and equipment
 
 
800,177
 
 
 
517,868
 
 
 
 
1,078,013
 
 
 
540,175
 
 
 
 
 
 
 
 
 
 
Less: Accumulated depreciation
 
 
(347,564
)
 
 
(260,119
)
Total
 
$
730,449
 
 
$
280,056
 
 
Depreciation expense was $89,704 and $45,449 for the six months ended June 30, 2018 and 2017, respectively, and $49,966 and $25,722 for the three months ended June 30, 2018 and 2017, respectively.
 
XML 25 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accrued Expenses
6 Months Ended
Jun. 30, 2018
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
7.       Accrued Expenses
 
Accrued expenses consisted of the following:
 
 
 
June 30,
 
 
December 31,
 
 
 
2018
 
 
2017
 
Accrued bonuses
 
$
544,804
 
 
$
389,802
 
Deferred rent
 
 
74,652
 
 
 
-
 
Accrued payroll
 
 
66,324
 
 
 
61,829
 
Other
 
 
122,003
 
 
 
54,509
 
Total
 
$
807,783
 
 
$
506,140
 
 
XML 26 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments
6 Months Ended
Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments Disclosure [Text Block]
8.       Commitments
 
Operating Leases
 
The Company leases its corporate space in Minneapolis, Minnesota. At June 30, 2018, the Company had the following minimum commitments for payment of rentals which at inception had a non-cancellable term of more than one year:
 
   
Amount
 
 2018  $77,419 
 2019   188,850 
 2020   193,338 
 2021   64,940 
 Total  $524,547 
 
Rent expense for operating leases was $43,198 and $25,077 for the six months ended June 30, 2018 and 2017, respectively, and $30,009 and $12,668 for the three months ended June 30, 2018 and 2017, respectively. In connection with the corporate lease, the Company is required to maintain a $50,000 standby letter of credit. The standby letter of credit expires on July 31, 2018.
 
In September 2017, the Company entered into a non-cancelable operating lease agreement for building space to accommodate expansion in research and development and general corporate office needs. The new lease commenced, and the Company moved to the facility in May 2018, in conjunction with the termination of the existing lease. The new lease contains provisions for future rent increases and leasehold improvement allowances. Rent expense is recorded on a straight-line basis over the lease term. The net difference of rent expense versus the actual cash paid is recorded as deferred rent. Additionally, the leasehold improvement allowances are deferred and recorded as a reduction of rental expense over the lease term using the straight-line method. Deferred rent is reflected in accrued expenses in the unaudited condensed financial statements. The new lease agreement extends through April 2021 and provides for monthly rent, real estate taxes and operating expenses.
 
 
Clinical Research Study
 
In May 2017, the Company entered into an agreement with a clinical research organization to conduct a clinical research study. The Company made a payment of $300,000 in June 2017 and $50,000 in November 2017, January 2018 and April 2018 and is obligated to make future payments of $100,000 and $50,000 in 2018 and 2019, respectively. Additional payments will be due as certain milestones are met. The maximum amount of these additional payments is estimated to be approximately $2,040,000 over the course of the agreement.
 
Capital Leases
 
In May 2018, the Company entered into a non-cancelable capital lease agreement for office equipment with a five-year term. The underlying assets are included in furniture and equipment. Assets recorded as property and equipment under capital leases and the accumulated depreciation thereon as of June 30, 2018 were as follows:
 
  
June 30, 2018
 
Furniture and equipment $28,932 
Less: Accumulated depreciation  (482)
Net book value of property and equipment under capital lease $28,450 
 
As of June 30, 2018, future minimum lease payments under capital leases were as follows:
 
  
Amount
 
2018 $4,232 
2019  7,255 
2020  7,255 
2021  7,255 
2022  7,255 
2023  3,022 
Total minimum capital lease payments  36,274 
Less amount representing interest  512 
Less amount representing services  6,830 
Present value of net minimum capital lease payments $28,932 
XML 27 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stockholders' Equity
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
9.       Stockholders’ Equity
 
On September 15, 2017, in connection with its IPO, Celcuity LLC filed a certificate of conversion, whereby Celcuity LLC effected a corporate conversion from a Minnesota limited liability company to a Delaware corporation and changed its name to Celcuity Inc. Pursuant to the conversion, units of membership interest in the limited liability company were converted into shares of common stock of the corporation at a conversion ratio of 40 units for one share of common stock. The Company had 257,604,208 member units issued and outstanding as of September 15, 2017. After giving effect to the corporate conversion, the number of common shares outstanding as of such date is 6,440,139. As a result of the corporate conversion, accumulated deficit was reduced to zero on the date of the corporate conversion, and the corresponding amount was credited to additional paid-in capital. The corporate conversion was approved by members holding a majority of our outstanding units, and in connection with such conversion, the Company filed a certificate of incorporation and adopted bylaws. All references in the unaudited financial statements to the number of shares and per-share amounts of common stock have been retroactively restated to reflect the conversion.
 
On September 22, 2017, the Company completed its IPO whereby it sold 2,760,000 shares of common stock at a public offering price of $9.50 per share. The aggregate net proceeds received by the Company from the offering were approximately $23.3 million, net of underwriting commissions of approximately $1.8 million and offering expenses of approximately $1.1 million. Upon the closing of the IPO, 10,082,050 shares of common stock were outstanding, which includes 881,911 shares of common stock issued as a result of the conversion of the Company’s Convertible Notes (See Note 11). Shares of the Company’s common stock began trading on September 20, 2017 on The Nasdaq Capital Market under the symbol “CELC”.
 
On May 11, 2018, the Company filed an amendment to its certificate of incorporation with the Secretary of State of the State of Delaware to decrease the number of authorized shares of our common stock and preferred stock. Pursuant to the Company’s amended certificate of incorporation, the Company is authorized to issue up to 25,000,000 shares of common stock, $0.001 par value per share and 2,500,000 shares of preferred stock, $0.001 par value per share.
 
At June 30, 2018 and December 31, 2017, the Company had common stock shares outstanding of 10,119,312 and 10,087,516, respectively.
 
Warrants
 
In connection with the 2016 private placement unit offering, the Company issued ten-year warrants to the placement agent of the private placement. The warrants allow the agent to purchase up to 55,249 common shares at $7.56 per share. The warrants are immediately exercisable and expire on January 14, 2026 and May 2, 2026. These warrants are equity classified and the fair value of $330,607 is reflected as additional paid-in capital.
 
In connection with the private offering of convertible notes (Note 11), the Company issued ten-year warrants to purchase 48,615 common shares at a price of $8.42 per share to the placement agent. In addition, the Company granted the convertible notes investors the right to receive a seven-year warrant to purchase 131,675 common shares at an exercise price that is equal to the conversion price of the notes (Note 11). With the completion of the IPO on September 22, 2017, these warrants were issued.
 
In connection with the IPO, the Company issued a five-year warrant to the underwriter. The warrant allows the underwriter to purchase up to 138,000 common shares at $10.45 per share. This warrant is immediately exercisable and expires on September 19, 2022. This warrant is equity classified and the fair value was $784,111 at the IPO offering date.
 
At June 30, 2018 and December 31, 2017, the Company had warrants to purchase 353,980 and 373,323 common shares outstanding, respectively, at a weighted average exercise price of $9.42. A total of 19,343 and 0 warrants were exercised in the six months ended June 30, 2018 and 2017, respectively, and 0 warrants were exercised in the three months ended June 30, 2018 and 2017.
 
XML 28 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation
6 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
10.       Stock-Based Compensation
 
2012 Equity Incentive Plan
 
The 2012 Equity Incentive Plan, as amended, was adopted by the Company’s board and approved by the members of the Company on August 10, 2012. The Company reserved a maximum of 625,000 common shares available for issuance under the 2012 Equity Incentive Plan. The 2012 Equity Incentive Plan provides for share options, restricted share awards, performance share awards or share bonuses. The exercise price of each share option granted under the 2012 Equity Incentive Plan is not less than one hundred percent (100%) of the fair market value of one share on the date of grant. The maximum permitted term of options granted under the 2012 Equity Incentive Plan is ten years. The Company’s board has administered the plan and determined the provisions of incentive awards, including eligible recipients, number of shares subject to an incentive award, exercise price, vesting schedule, duration of an incentive award and other restrictions an incentive award may be subject to. The 2012 Equity Incentive Plan was fixed on September 6, 2017 and any new awards will be issued under the terms of the 2017 Stock Incentive Plan.
 
2017 Stock Incentive Plan
 
The 2017 Stock Incentive Plan, or the 2017 Plan, was adopted by the Company’s board on September 6, 2017, became effective following the corporate conversion which took place on September 15, 2017, and was approved by stockholders at the Company’s annual stockholder meeting on May 10, 2018. The Company reserved a maximum of 750,000 common shares available for issuance under the 2017 Plan. The number of shares reserved for issuance under the 2017 Plan will increase automatically on January 1, 2019 and each subsequent anniversary through January 1, 2027 by the number of shares equal to 1.0% of the aggregate number of outstanding shares of the Company’s common stock as of the immediately preceding December 31. However, the Company’s board may reduce the amount of the increase in any particular year. The maximum permitted term of options granted under the 2017 Plan is ten years. The 2017 Plan provides for share options, restricted stock awards, stock appreciation rights, restricted stock units, performance awards and stock bonuses. The exercise price of each share option granted under the 2017 Plan is not less than one hundred percent (100%) of the fair market. The 2017 Plan will generally be administered by the compensation committee of the Company’s board of directors and has the authority to interpret the plan, grant awards and make all other determinations necessary for the administration of the plan.
 
The Black-Scholes option-pricing model was used to estimate the fair value of equity-based awards with the following weighted-average assumptions for the period ending June 30:
 
 
 
2018
 
 
2017
 
Risk-free interest rate
 
 
2.52 - 2.97%
 
 
 
2.00
 
Expected volatility
 
 
76.0%
 
 
 
75.0%
 
Expected life (years)
 
 
6.25 to 10.00
 
 
 
6.25 to 10.00
 
Expected dividend yield
 
 
0%
 
 
 
0%
 
 
The inputs for the Black-Scholes valuation model require management’s significant assumptions. Prior to the Company’s IPO, the common share price was determined by the Company’s board based on recent prices of common shares sold in private offerings prior to the IPO. Subsequent to the IPO, the common share price was determined by using the quoted price on the grant date. The risk-free interest rates were based on the rate for U.S. Treasury securities at the date of grant with maturity dates approximately equal to the expected life at the grant date. The expected life was based on the simplified method in accordance with the SEC Staff Accounting Bulletin Nos. 107 and 110. The expected volatility was estimated based on historical volatility information of peer companies that are publicly available.
 
All assumptions used to calculate the grant date fair value of nonemployee options are generally consistent with the assumptions used for options granted to employees, except the expected life is equal to the contractual term. In the event the Company terminates any of its consulting agreements, the unvested options underlying the agreements would also be cancelled. Unvested nonemployee options were marked-to-market as of April 1, 2018, the date that the Company adopted the newly issued Accounting Standard, (ASU) No. 2018-17.
 
The following table summarizes the activity for all stock options outstanding for the six months ended June 30 under the Plan:
 
 
 
2018
 
 
2017
 
 
 
Shares
 
 
Weighted
Average
Exercise Price
 
 
Shares
 
 
Weighted
Average
Exercise Price
 
Options outstanding at beginning of year
 
 
501,603
 
 
$
7.58
 
 
 
302,088
 
 
$
5.91
 
Granted
 
 
21,152
 
 
 
18.93
 
 
 
148,150
 
 
 
8.38
 
Forfeited
 
 
-
 
 
 
-
 
 
 
(7,553
)
 
 
3.60
 
Balance at June 30
 
 
522,755
 
 
$
8.04
 
 
 
442,685
 
 
$
6.78
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Options exercisable at June 30:
 
 
262,393
 
 
$
6.72
 
 
 
166,119
 
 
$
5.46
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted Average Grant Date Fair Value for Options Granted During the period:
 
 
 
 
 
$
14.02
 
 
 
 
 
 
$
5.29
 
 
The following table summarizes additional information about stock options outstanding and exercisable at June 30, 2018 under the Plan:
 
Options Outstanding
 
 
Options Exercisable
 
Options
Outstanding
 
Weighted
Average
Remaining
Contractual
Life
 
 
Weighted
Average
Exercise
Price
 
 
Aggregate
Intrinsic
Value
 
 
Options
Exercisable
 
 
Weighted
Average
Exercise
Price
 
 
Aggregate
Intrinsic
Value
 
522,755
 
 
8.14
 
 
$
8.04
 
 
$
8,771,626
 
 
 
262,393
 
 
$
6.72
 
 
$
4,748,003
 
 
The Company recognized stock-based compensation expense for stock options of $501,158 and $422,816 for the six months ended June 30, 2018 and 2017, respectively, and $235,060 and $326,548 for the three months ended June 30, 2018 and 2017, respectively.
 
A restricted stock award of 2,571 and 5,250 shares was granted to a member of the board of directors in 2018 and 2017, respectively. The Company has 2,571 and 0 restricted shares outstanding as of June 30, 2018 and 2017, respectively, and 5,250 and 0 shares vested as of June 30, 2018 and 2017, respectively. The Company recognized stock-based compensation expense for the restricted stock of $64,719 and $0 for the six months ended June 30, 2018 and 2017, respectively, and $22,431 and $0 for the three months ended June 30, 2018 and 2017, respectively.
 
The total remaining shares available for grant under the 2017 plan is 664,297.
 
Total unrecognized compensation cost related to stock options and restricted stock is estimated to be recognized as follows:
 
2018
 
$
394,516
 
2019
 
 
515,020
 
2020
 
 
336,530
 
2021
 
 
153,773
 
2022
 
 
10,905
 
 
 
 
 
 
Total estimated compensation cost to be recognized
 
$
1,410,744
 
 
2017 Employee Stock Purchase Plan
 
The Company’s employee stock purchase plan, or ESPP, was adopted by the Company’s board on September 6, 2017, and approved by stockholders at the Company’s annual stockholder meeting on May 10, 2018. The Company has reserved a total of 100,000 shares for issuance. The number of shares authorized and reserved for issuance under the ESPP will be automatically increased on the first day of each of the Company’s fiscal years beginning in 2019 by the number of shares equal to 0.5% of the total outstanding number of shares of common stock. However, the Company’s board may reduce the amount of the increase in any particular year. The ESPP provides participating employees with an opportunity to purchase shares of the Company’s common stock at a discount through payroll deductions. The plan is available to all employees unless they are employed for less than 20 hours per week or own 5% or more of the total combined voting power or value of the Company’s common stock. The plan is administered using overlapping 24 month offering periods, referred to as an Offering Period. Each Offering Period has four six-month purchase periods. A new Offering Period and purchase period begin every six months on May 1 and November 1 of each year. Participating employees may purchase common stock, on a voluntary after tax-basis, at a price equal to 85% of the fair market value of a share of common stock on either the offering date or the purchase date, whichever is lower. If the purchase date has a lower price, the employee will automatically be placed in the Offering Period beginning immediately after the purchase date. The Company recognized stock-based compensation expense of $46,887 and $0 for the six months ended June 30, 2018 and 2017, respectively, and $18,793 and $0 for the three months ended June 30, 2018 and 2017, respectively.
 
The Company recognized total stock-based compensation, as follows for the three months and six months ended June 30:
 
 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
June 30,
 
 
June 30,
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
Stock-based compensation expense in operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Research and development
 
$
175,864
 
 
$
197,921
 
 
$
337,535
 
 
$
294,189
 
General and administrative
 
 
100,420
 
 
 
128,627
 
 
 
275,229
 
 
 
128,627
 
Total
 
$
276,284
 
 
$
326,548
 
 
$
612,764
 
 
$
422,816
 
XML 29 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Unsecured Convertible Promissory Notes
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]
11.       Unsecured Convertible Promissory Notes
 
In April and May of 2017, the Company issued to certain accredited investors convertible notes in the original principal amount of $5,750,000 and $2,587,500, respectively, for total principal of $8,337,500 (the “Convertible Notes”).
 
The Convertible Notes accrued interest at a rate of 1.25% per annum from date of issuance until December 31, 2018 on a non-compounding basis. All principal and interest was due on December 31, 2018. The IPO was considered a qualified financing, therefore the outstanding principal balance and all accrued interest under the Convertible Notes automatically converted into 881,911 shares of common stock pursuant to the terms of such notes. The conversion price of the Convertible Notes was equal to the price at which the equity securities were sold in the IPO, which was $9.50 per share.
 
In connection with the issuance of the Convertible Notes, the Company granted those investors the right to receive a seven-year warrant to purchase 131,675 common shares at an exercise price that is equal to the conversion price of the Convertible Notes. The gross proceeds of $8,337,500 was allocated $7,560,783 and $776,717 to the Convertible Notes and warrants, respectively, based on their relative fair value. The relative fair value of the warrants of $776,717 was recorded as debt discount and credited to additional paid-in capital. The resulting debt discount was amortized to interest expense using the effective interest method over the term of the Convertible Notes until converted.
 
Cedar Point Capital, LLC (“Cedar”) served as the Company’s placement agent in connection with the placement of the Convertible Notes and earned a commission of approximately 10% of the original principal balance of such notes. Debt financing costs in the aggregate of $885,131 (not including the agent warrant discussed below), comprised primarily of the commission earned by Cedar, were amortized to interest expense using the effective interest method over the term of the Convertible Notes until converted. In addition to the commission earned by Cedar, the Company issued an agent’s ten-year warrant to purchase 48,615 common shares. The exercise price was $8.42 per share. The fair value of the agent’s warrant was $286,999 and is considered additional debt discount and was credited to additional paid-in capital. During the period beginning on January 1, 2017 and ending on September 22, 2017 (the date of the IPO closing), the Company amortized $411,375 of debt discount and financing costs to interest expense for these Convertible Notes.
 
XML 30 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes
6 Months Ended
Jun. 30, 2018
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]
12.       Income Taxes
 
The Company has not recorded an income tax benefit for the six months and three months ended June 30, 2018 and 2017 due to net losses and recognition of a full valuation allowance.
 
XML 31 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Policies)
6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Basis of Accounting, Policy [Policy Text Block]
Basis of Presentation
 
The accompanying unaudited financial statements include the accounts of the Company and have been prepared in accordance with Article 10 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, as permitted by Article 10, the unaudited financial statements do not include all of the information required by accounting principles generally accepted in the United States (“U.S. GAAP”). The Balance Sheet at December 31, 2017 was derived from the audited financial statements at that date and does not include all the disclosures required by U.S. GAAP. In the opinion of management, all adjustments which are of a normal recurring nature and necessary for a fair presentation have been reflected in the financial statements. These unaudited condensed financial statements should be read in conjunction with the audited financial statements as of and for the year ended December 31, 2017 and the related footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. Operating results for the three and six months ended June 30, 2018 are not necessarily indicative of the results to be expected during the remainder of the current year or for any future period.
 
On September 15, 2017, in relation to preparing for its initial public offering (“IPO”), Celcuity LLC filed a certificate of conversion, whereby Celcuity LLC effected a corporate conversion from a Minnesota limited liability company to a Delaware corporation and changed its name to Celcuity Inc. Pursuant to the corporate conversion, units of membership interest in the limited liability company were converted into shares of common stock of the corporation at a conversion ratio of 40 units for one share of common stock. As a result of the corporate conversion, accumulated deficit was reduced to zero on the date of the corporate conversion, and the corresponding amount was credited to additional paid-in capital. The corporate conversion was approved by members holding a majority of our outstanding units, and in connection with such conversion, the Company filed a certificate of incorporation and adopted bylaws. The Company determined that the corporate conversion is equivalent to a change in the Company’s capital structure. As such, all references in the unaudited financial statements to the number of shares and per-share amounts of member units are now presented as common stock and have been retroactively restated to reflect the conversion.
 
On September 22, 2017, the Company completed its IPO whereby it sold 2,760,000 shares of common stock at a public offering price of $9.50 per share. The aggregate net proceeds received by the Company from the offering were approximately $23.3 million, net of underwriting discounts and commissions of approximately $1.8 million and offering expenses of approximately $1.1 million. Upon the closing of the IPO, 10,082,050 shares of common stock were outstanding, which includes 881,911 shares of common stock as a result of the conversion of the Company’s Unsecured Convertible Promissory Notes (See Note 11). Shares of the Company’s common stock began trading on September 20, 2017 on The Nasdaq Capital Market under the symbol “CELC”.
 
On May 11, 2018, the Company filed an amendment to its certificate of incorporation to decrease the number of authorized shares of common stock and preferred stock. Pursuant to the Company’s amended certificate of incorporation, the Company is authorized to issue up to 25,000,000 shares of common stock, $0.001 par value per share and 2,500,000 shares of preferred stock, $0.001 par value per share.
Use of Estimates, Policy [Policy Text Block]
Accounting Estimates
 
Management uses estimates and assumptions in preparing these unaudited condensed financial statements in accordance with U.S. GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the valuation of stock-based compensation and warrants issued to investors, a placement agent and an underwriter, and prepaid or accrued clinical trial costs.
Cash and Cash Equivalents, Policy [Policy Text Block]
Cash, Cash Equivalents, and Restricted Cash
 
The Company maintains its accounts primarily at one financial institution. At times throughout the year, the Company’s cash balances may exceed amounts insured by the Federal Deposit Insurance Corporation. At June 30, 2018 and December 31, 2017, the Company had $3,135,878 and $2,612,104, respectively, in money market funds and U.S. Treasury Bills that are considered cash equivalents. In connection with the corporate lease, the Company is required to maintain $50,000 of cash in a separate savings account. This balance is presented as restricted cash on the balance sheets.
Investment, Policy [Policy Text Block]
Investments
 
The Company maintains its investments in certificates of deposit, U.S. governmental agency securities and U.S. treasury notes and has classified them as held-to-maturity at the time of purchase. Held-to-maturity securities are those securities in which the Company has the ability and intent to hold until maturity. Held-to maturity securities are recorded at amortized cost, adjusted for the amortization or accretion of premiums and discounts. Premiums and discounts are amortized or accreted over the life of the related held-to-maturity security using a straight-line method. At June 30, 2018 and December 31, 2017, the Company had $25,334,526 and $28,762,231, respectively, of investments.
Property, Plant and Equipment, Policy [Policy Text Block]
Property and Equipment
 
Property and equipment are stated at cost. Depreciation is provided over estimated useful lives using the straight-line method. Maintenance and repairs are expensed as incurred; major improvements and betterments are capitalized.
 
Estimated useful lives of property and equipment are as follows for the major classes of assets:
 
Asset Description
Estimated

Lives
Furniture and Equipment
4-5
Leasehold Improvements
2-3
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]
Long-Lived Assets
 
Long-lived assets, such as property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values, and third party independent appraisals, as considered necessary.
Comprehensive Income, Policy [Policy Text Block]
Comprehensive Loss
 
Comprehensive loss includes net loss as well as other changes in stockholders’ equity that result from transactions and economic events other than those with stockholders. For all periods presented, there was no difference between net loss and comprehensive loss.
Concentration Risk, Credit Risk, Policy [Policy Text Block]
Risks and Uncertainties
 
The Company is subject to risks common to companies in the development stage including, but not limited to, dependency on the clinical and commercial success of its diagnostic tests, ability to obtain regulatory approval of its diagnostic tests, the need for substantial additional financing to achieve its goals, uncertainty of broad adoption of its approved products, if any, by physicians and consumers, and significant competition.
Fair Value of Financial Instruments, Policy [Policy Text Block]
Fair Value of Financial Instruments
 
The Company’s accounting for fair value measurements of assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring or nonrecurring basis adheres to the Financial Accounting Standards Board (“FASB”) fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:
 
Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the Company at the measurement date.
 
Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.
 
Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date.
 
The level in the fair value hierarchy within which a fair measurement in its entirety falls is based on the lowest level input that is significant to the fair value measurement in its entirety.
 
The carrying values of cash equivalents, restricted cash, accounts payable, accrued expenses and other financial working capital items approximate fair value at June 30, 2018 and December 31, 2017 due to the short maturity nature of these items.
Income Tax, Policy [Policy Text Block]
Income Taxes
 
The Company accounts for income taxes using the asset and liability method, as required by the accounting standard for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as net operating loss and tax credit carryforwards. Deferred taxes are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in results of operations in the period that includes the enactment date. The effects of any future changes in tax laws or rates have not been considered. The Company regularly reviews deferred tax assets to assess their potential realization and establish a valuation allowance for portions of such assets to reduce the carrying value if the Company does not consider it to be more likely than not that the deferred tax assets will be realized.
 
The Company recognizes the impact of an uncertain tax position in its financial statements if, in management’s judgment, the position is more-likely-than-not sustainable upon audit based on the position’s technical merits. This involves the identification of potential uncertain tax positions, the evaluation of applicable tax laws and an assessment of whether a liability for an uncertain tax position is necessary.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]
Stock-Based Compensation
 
The Company’s stock-based compensation consists of common stock options and restricted stock issued to certain employees and nonemployees of the Company and the Company’s Employee Stock Purchase Plan. The Company recognizes compensation expense based on an estimated grant date fair value using the Black-Scholes option-pricing method. The Company has elected to account for forfeitures as they occur.
Research and Development Expense, Policy [Policy Text Block]
Research and Development
 
Research and development costs are expensed as incurred. Research and development costs amounted to $3,092,205 and $2,212,629 for the six months ended June 30, 2018 and 2017, respectively, and $1,546,537 and $1,303,886 for the three months ended June 30, 2018 and 2017, respectively.
 
Clinical Trial Costs
 
The Company records prepaid assets or accrued expenses for prepaid or estimated clinical trial costs conducted by third-party service providers, which include the conduct of preclinical studies and clinical trials.  These costs are a significant component of the Company’s research and development expenses.  The Company accrues for these costs based on factors such as estimates of the work completed and in accordance with agreements established with its third-party service providers under the service agreements.  The Company makes significant judgments and estimates in determining the accrued liabilities balance in each reporting period.  As actual costs become known, the Company adjusts its prepaid assets or accrued expenses.  The Company has not experienced any material differences between accrued costs and actual costs incurred.  However, the status and timing of actual services performed, number of patients enrolled and the rate of patient enrollments may vary from the Company’s estimates, resulting in an adjustment to expense in future periods.  Changes in these estimates that result in material changes to the Company’s prepaid assets or accrued expenses could materially affect the Company’s results of operations.
Application of New or Revised Accounting Standards [Policy Text Block]
Application of New or Revised Accounting Standards
 
Pursuant to the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), a company constituting an “emerging growth company” is, among other things, entitled to rely upon certain reduced reporting requirements. The Company is an emerging growth company, but has irrevocably elected not to take advantage of the extended transition period afforded by the JOBS Act for the implementation of new or revised accounting standards. As a result, the Company will comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for public companies that are not emerging growth companies.
New Accounting Pronouncements, Policy [Policy Text Block]
Recently Issued Accounting Pronouncements
 
In February 2016, the FASB issued ASU No. 2016-02,
Leases (Topic 842),
which provides guidance for accounting for leases. The new guidance requires companies to recognize the assets and liabilities for the rights and obligations created by leased assets, initially measured at the present value of the lease payments. The accounting guidance for lessors is largely unchanged. The ASU is effective for annual and interim periods beginning after December 15, 2018 with early adoption permitted. It is to be adopted using a modified retrospective approach. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s financial statements.
 
Recently Adopted Accounting Pronouncements
 
In November 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-18,
Restricted Cash
, which amended
Statement of Cash Flows (Topic 230)
of the Accounting Standards Codification. The new guidance requires amounts generally described as restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted this standard as of January 1, 2018 and applied it retrospectively.
 
In June 2018, the FASB issued Accounting Standards Update (ASU) No. 2018-07, 
Improvements to Nonemployee Share-Based Payment Accounting
, which expands the scope of ASC 718, Compensation – Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees and to supersede the guidance in ASC 505-50. The new guidance will be substantially the same as current guidance for employee awards. The Company adopted this standard as of April 1, 2018 and applied it using the modified retrospective approach. The remeasurement of open awards to nonemployees was based on the fair value of such awards as of the date of adoption and resulted in no material change to accumulated deficit or additional paid-in capital.
 
XML 32 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Schedule Of Estimated Useful Lives Of Property Plant And Equipment [Table Text Block]
Estimated useful lives of property and equipment are as follows for the major classes of assets:
 
Asset Description
Estimated

Lives
Furniture and Equipment
4-5
Leasehold Improvements
2-3
XML 33 R21.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investments (Tables)
6 Months Ended
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Held-to-maturity Securities [Table Text Block]
The following tables summarizes the Company’s held-to-maturity investment securities at amortized cost as of June 30, 2018 and December 31, 2017:
 
 
 
June 30, 2018
 
 
 
Amortized Cost,
as Adjusted
 
 
Gross
Unrealized
Holding
Gains
 
 
Gross
Unrealized
Holding Losses
 
 
Estimated Fair
Value
 
Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of Deposit
 
$
10,609,185
 
 
$
-
 
 
$
21,912
 
 
$
10,587,273
 
Governmental Agency Securities
 
 
5,285,044
 
 
 
-
 
 
 
15,359
 
 
 
5,269,685
 
U.S. Treasury Notes
 
 
2,491,691
 
 
 
-
 
 
 
2,849
 
 
 
2,488,842
 
Total
 
$
18,385,920
 
 
$
-
 
 
$
40,120
 
 
$
18,345,800
 
 
 
 
Amortized Cost,
as Adjusted
 
 
Gross
Unrealized
Holding
Gains
 
 
Gross
Unrealized
Holding Losses
 
 
Estimated Fair
Value
 
Long-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of Deposit
 
$
3,920,000
 
 
$
-
 
 
$
43,819
 
 
$
3,876,181
 
Governmental Agency Securities
 
 
3,028,606
 
 
 
-
 
 
$
29,974
 
 
 
2,998,632
 
Total
 
$
6,948,606
 
 
$
-
 
 
$
73,793
 
 
$
6,874,813
 
 
 
 
December 31, 2017
 
 
 
Amortized Cost,
as Adjusted
 
 
Gross
Unrealized
Holding
Gains
 
 
Gross
Unrealized
Holding Losses
 
 
Estimated Fair
Value
 
Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of Deposit
 
$
14,001,237
 
 
$
-
 
 
$
20,146
 
 
$
13,981,091
 
Governmental Agency Securities
 
 
5,945,314
 
 
 
-
 
 
 
18,101
 
 
 
5,927,213
 
U.S. Treasury Notes
 
 
1,610,306
 
 
 
-
 
 
 
633
 
 
 
1,609,673
 
Total
 
$
21,556,857
 
 
$
-
 
 
$
38,880
 
 
$
21,517,977
 
 
 
 
Amortized Cost,
as Adjusted
 
 
Gross
Unrealized
Holding
Gains
 
 
Gross
Unrealized
Holding Losses
 
 
Estimated Fair
Value
 
Long-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of Deposit
 
$
4,165,000
 
 
$
-
 
 
$
21,481
 
 
$
4,143,519
 
Governmental Agency Securities
 
 
3,040,374
 
 
 
-
 
 
 
14,907
 
 
 
3,025,467
 
Total
 
$
7,205,374
 
 
$
-
 
 
$
36,388
 
 
$
7,168,986
 
XML 34 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
Prepaid Assets (Tables)
6 Months Ended
Jun. 30, 2018
Prepaid Expense, Current [Abstract]  
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]
Prepaid assets consisted of the following:
 
 
 
June 30,
 
 
December 31,
 
 
 
2018
 
 
2017
 
Current:
 
 
 
 
 
 
 
 
Directors & officers insurance
 
$
47,917
 
 
$
162,914
 
Prepaid rent
 
 
21,490
 
 
 
21,673
 
Other
 
 
84,595
 
 
 
25,121
 
Total
 
$
154,002
 
 
$
209,708
 
 
XML 35 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]
Property and equipment consisted of the following:
 
 
 
June 30,
 
 
December 31,
 
 
 
2018
 
 
2017
 
Leasehold improvements
 
$
277,836
 
 
$
22,307
 
Furniture and equipment
 
 
800,177
 
 
 
517,868
 
 
 
 
1,078,013
 
 
 
540,175
 
 
 
 
 
 
 
 
 
 
Less: Accumulated depreciation
 
 
(347,564
)
 
 
(260,119
)
Total
 
$
730,449
 
 
$
280,056
 
XML 36 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accrued Expenses (Tables)
6 Months Ended
Jun. 30, 2018
Payables and Accruals [Abstract]  
Schedule of Accrued Liabilities [Table Text Block]
Accrued expenses consisted of the following:
 
 
 
June 30,
 
 
December 31,
 
 
 
2018
 
 
2017
 
Accrued bonuses
 
$
544,804
 
 
$
389,802
 
Deferred rent
 
 
74,652
 
 
 
-
 
Accrued payroll
 
 
66,324
 
 
 
61,829
 
Other
 
 
122,003
 
 
 
54,509
 
Total
 
$
807,783
 
 
$
506,140
 
 
XML 37 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments (Tables)
6 Months Ended
Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
The Company leases its corporate space in Minneapolis, Minnesota. At June 30, 2018, the Company had the following minimum commitments for payment of rentals which at inception had a non-cancellable term of more than one year:
 
 
 
Amount
 
2018
 
$
77,419
 
2019
 
 
188,850
 
2020
 
 
193,338
 
2021
 
 
64,940
 
Total
 
$
524,547
 
Schedule of Capital Leased Assets [Table Text Block]
 
 
June 30, 2018
 
Furniture and equipment
 
$
28,932
 
Less: Accumulated depreciation
 
 
(482
)
Net book value of property and equipment under capital lease
 
$
28,450
 
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]
As of June 30, 2018, future minimum lease payments under capital leases were as follows:
 
  
Amount
 
2018 $4,232 
2019  7,255 
2020  7,255 
2021  7,255 
2022  7,255 
2023  3,022 
Total minimum capital lease payments  36,274 
Less amount representing interest  512 
Less amount representing services  6,830 
Present value of net minimum capital lease payments $28,932 
XML 38 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The Black-Scholes option-pricing model was used to estimate the fair value of equity-based awards with the following weighted-average assumptions for the period ending June 30:
 
 
 
2018
 
 
2017
 
Risk-free interest rate
 
 
2.52 - 2.97%
 
 
 
2.00
 
Expected volatility
 
 
76.0%
 
 
 
75.0%
 
Expected life (years)
 
 
6.25 to 10.00
 
 
 
6.25 to 10.00
 
Expected dividend yield
 
 
0%
 
 
 
0%
 
Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes the activity for all stock options outstanding for the six months ended June 30 under the Plan:
 
 
 
2018
 
 
2017
 
 
 
Shares
 
 
Weighted
Average
Exercise Price
 
 
Shares
 
 
Weighted
Average
Exercise Price
 
Options outstanding at beginning of year
 
 
501,603
 
 
$
7.58
 
 
 
302,088
 
 
$
5.91
 
Granted
 
 
21,152
 
 
 
18.93
 
 
 
148,150
 
 
 
8.38
 
Forfeited
 
 
-
 
 
 
-
 
 
 
(7,553
)
 
 
3.60
 
Balance at June 30
 
 
522,755
 
 
$
8.04
 
 
 
442,685
 
 
$
6.78
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Options exercisable at June 30:
 
 
262,393
 
 
$
6.72
 
 
 
166,119
 
 
$
5.46
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted Average Grant Date Fair Value for Options Granted During the period:
 
 
 
 
 
$
14.02
 
 
 
 
 
 
$
5.29
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]
The following table summarizes additional information about stock options outstanding and exercisable at June 30, 2018 under the Plan:
 
Options Outstanding
 
 
Options Exercisable
 
Options
Outstanding
 
Weighted
Average
Remaining
Contractual
Life
 
 
Weighted
Average
Exercise
Price
 
 
Aggregate
Intrinsic
Value
 
 
Options
Exercisable
 
 
Weighted
Average
Exercise
Price
 
 
Aggregate
Intrinsic
Value
 
522,755
 
 
8.14
 
 
$
8.04
 
 
$
8,771,626
 
 
 
262,393
 
 
$
6.72
 
 
$
4,748,003
 
Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]
Total unrecognized compensation cost related to stock options and restricted stock is estimated to be recognized as follows:
 
2018
 
$
394,516
 
2019
 
 
515,020
 
2020
 
 
336,530
 
2021
 
 
153,773
 
2022
 
 
10,905
 
 
 
 
 
 
Total estimated compensation cost to be recognized
 
$
1,410,744
 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
The Company recognized total stock-based compensation, as follows for the three months and six months ended June 30:
 
 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
June 30,
 
 
June 30,
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
Stock-based compensation expense in operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Research and development
 
$
175,864
 
 
$
197,921
 
 
$
337,535
 
 
$
294,189
 
General and administrative
 
 
100,420
 
 
 
128,627
 
 
 
275,229
 
 
 
128,627
 
Total
 
$
276,284
 
 
$
326,548
 
 
$
612,764
 
 
$
422,816
 
XML 39 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Details)
6 Months Ended
Jun. 30, 2018
Minimum [Member] | Furniture and Equipment [Member]  
Property, Plant and Equipment, Estimated Useful Lives 4
Minimum [Member] | Leasehold Improvements [Member]  
Property, Plant and Equipment, Estimated Useful Lives 2
Maximum [Member] | Furniture and Equipment [Member]  
Property, Plant and Equipment, Estimated Useful Lives 5
Maximum [Member] | Leasehold Improvements [Member]  
Property, Plant and Equipment, Estimated Useful Lives 3
XML 40 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Details Textual) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Sep. 22, 2017
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Research and Development Expense   $ 1,546,537 $ 1,303,886 $ 3,092,205 $ 2,212,629  
Common Stock, Shares Authorized   25,000,000   25,000,000   45,000,000
Common Stock, Par or Stated Value Per Share   $ 0.001   $ 0.001   $ 0.001
Preferred Stock, Shares Authorized   2,500,000   2,500,000   5,000,000
Preferred Stock, Par or Stated Value Per Share   $ 0.001   $ 0.001   $ 0.001
Common Stock, Shares, Outstanding   10,119,312   10,119,312   10,087,516
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment   $ 25,334,526   $ 25,334,526   $ 28,762,231
Restricted Cash   50,000 $ 50,000 50,000 $ 50,000  
Convertible Notes Payable [Member]            
Stock Issued During Period, Shares, Conversion of Convertible Securities 881,911          
IPO [Member]            
Stock Issued During Period, Shares, New Issues 2,760,000          
Shares Issued, Price Per Share $ 9.50          
Initial Public Offering Costs $ 1,100,000          
Common Stock, Shares, Outstanding 10,082,050          
Commission Of Underwriter $ 1,800,000          
Proceeds From Issuance Initial Public Offering Including Ipo Expense $ 23,300,000          
Money Market and US Treasury Securities [Member]            
Money Market and U.S. Treasury Bills   $ 3,135,878   $ 3,135,878   $ 2,612,104
XML 41 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Net Loss Per Common Share (Details Textual) - shares
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 353,980 103,864    
Employee Stock Option [Member]        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 522,755 442,685 522,755 442,685
Restricted Stock [Member]        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount     2,571 0
XML 42 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investments (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2018
Dec. 31, 2017
Amortized Cost, as Adjusted $ 25,334,526 $ 28,762,231
Short Term Investments [Member]    
Amortized Cost, as Adjusted 18,385,920 21,556,857
Gross Unrealized Holding Gains 0 0
Gross Unrealized Holding Losses 40,120 38,880
Estimated Fair Value 18,345,800 21,517,977
Short Term Investments [Member] | Certificates of Deposit    
Amortized Cost, as Adjusted 10,609,185 14,001,237
Gross Unrealized Holding Gains 0 0
Gross Unrealized Holding Losses 21,912 20,146
Estimated Fair Value 10,587,273 13,981,091
Short Term Investments [Member] | Governmental Agency Securities    
Amortized Cost, as Adjusted 5,285,044 5,945,314
Gross Unrealized Holding Gains 0 0
Gross Unrealized Holding Losses 15,359 18,101
Estimated Fair Value 5,269,685 5,927,213
Short Term Investments [Member] | U.S. Treasury Notes    
Amortized Cost, as Adjusted 2,491,691 1,610,306
Gross Unrealized Holding Gains 0 0
Gross Unrealized Holding Losses 2,849 633
Estimated Fair Value 2,488,842 1,609,673
Long Term Investments [Member]    
Amortized Cost, as Adjusted 6,948,606 7,205,374
Gross Unrealized Holding Gains 0 0
Gross Unrealized Holding Losses 73,793 36,388
Estimated Fair Value 6,874,813 7,168,986
Long Term Investments [Member] | Certificates of Deposit    
Amortized Cost, as Adjusted 3,920,000 4,165,000
Gross Unrealized Holding Gains 0 0
Gross Unrealized Holding Losses 43,819 21,481
Estimated Fair Value 3,876,181 4,143,519
Long Term Investments [Member] | Governmental Agency Securities    
Amortized Cost, as Adjusted 3,028,606 3,040,374
Gross Unrealized Holding Gains 0 0
Gross Unrealized Holding Losses 29,974 14,907
Estimated Fair Value $ 2,998,632 $ 3,025,467
XML 43 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investments (Details Textual) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment $ 25,334,526 $ 28,762,231
Current Investments [Member]    
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment 18,385,920 21,556,857
Long Term Investments [Member]    
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment $ 6,948,606 $ 7,205,374
XML 44 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Prepaid Assets (Details) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current:    
Directors & Officers insurance $ 47,917 $ 162,914
Prepaid rent 21,490 21,673
Other 84,595 25,121
Total $ 154,002 $ 209,708
XML 45 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Property and Equipment (Details) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Property, Plant and Equipment, Gross $ 1,078,013 $ 540,175
Less: Accumulated depreciation (347,564) (260,119)
Total 730,449 280,056
Leasehold improvements [Member]    
Property, Plant and Equipment, Gross 277,836 22,307
Furniture and equipment [Member]    
Property, Plant and Equipment, Gross $ 800,177 $ 517,868
XML 46 R34.htm IDEA: XBRL DOCUMENT v3.10.0.1
Property and Equipment (Details Textual) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Property, Plant and Equipment [Line Items]        
Depreciation $ 49,966 $ 25,722 $ 89,704 $ 45,449
XML 47 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accrued Expenses (Details) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Accrued bonuses $ 544,804 $ 389,802
Deferred rent 74,652 0
Accrued payroll 66,324 61,829
Other 122,003 54,509
Total $ 807,783 $ 506,140
XML 48 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments (Details)
Jun. 30, 2018
USD ($)
2018 $ 77,419
2019 188,850
2020 193,338
2021 64,940
Total $ 524,547
XML 49 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments (Details 1)
Jun. 30, 2018
USD ($)
Furniture and equipment $ 28,932
Less: Accumulated depreciation (482)
Net book value of property and equipment under capital lease $ 28,450
XML 50 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments (Details 2)
Jun. 30, 2018
USD ($)
2018 $ 4,232
2019 7,255
2020 7,255
2021 7,255
2022 7,255
2023 3,022
Total minimum capital lease payments 36,274
Less amount representing interest 512
Less amount representing services 6,830
Present value of net minimum capital lease payments $ 28,932
XML 51 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments (Details Textual) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
May 31, 2018
Apr. 30, 2018
Jan. 31, 2018
Nov. 30, 2017
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating Leases, Rent Expense           $ 30,009 $ 12,668 $ 43,198 $ 25,077
Payments to Acquire in Process Research and Development   $ 50,000 $ 50,000 $ 50,000 $ 300,000        
Contractual Obligation, Future Minimum Payments Due, Remainder of Fiscal Year           100,000   100,000  
Contractual Obligation, Due in Third Year           50,000   50,000  
Contractual Obligation           2,040,000   2,040,000  
Lessee Capital Lease Term of Contract 5 years                
Standby Letters of Credit [Member]                  
Long-term Line of Credit           $ 50,000   $ 50,000  
Line of Credit Facility, Expiration Date               Jul. 31, 2018  
XML 52 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stockholders' Equity (Details Textual) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Sep. 22, 2017
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Sep. 15, 2017
May 31, 2017
Dec. 31, 2016
Common Stock, Shares, Outstanding   10,119,312   10,119,312   10,087,516      
Common Stock, Shares Authorized   25,000,000   25,000,000   45,000,000      
Common Stock, Par or Stated Value Per Share   $ 0.001   $ 0.001   $ 0.001      
Preferred Stock, Shares Authorized   2,500,000   2,500,000   5,000,000      
Preferred Stock, Par or Stated Value Per Share   $ 0.001   $ 0.001   $ 0.001      
Class of Warrant or Right, Number of Securities Called by Warrants or Rights   353,980   353,980   373,323      
Weighted Average Exercise Price       $ 9.42          
Convertible Notes Payable [Member]                  
Stock Issued During Period, Shares, Conversion of Convertible Securities 881,911                
Class of Warrant or Right, Number of Securities Called by Warrants or Rights 131,675                
Member Units [Member]                  
Common Unit, Outstanding             257,604,208    
Common Stock, Shares, Outstanding             6,440,139    
Common Stock [Member]                  
Common Unit, Outstanding           10,087,516      
Common Stock, Shares, Outstanding   10,119,312   10,119,312          
Warrant [Member]                  
Stock Issued During Period, Shares, Upon Exercise Of warrants   0 0 19,343 0        
Cedar Point Capital, LLC [Member]                  
Class of Warrant or Right, Number of Securities Called by Warrants or Rights 48,615             48,615  
Class of Warrant or Right, Exercise Price of Warrants or Rights $ 8.42             $ 8.42  
IPO [Member]                  
Common Stock, Shares, Outstanding 10,082,050                
Stock Issued During Period, Shares, New Issues 2,760,000                
Shares Issued, Price Per Share $ 9.50                
Proceeds From Issuance Initial Public Offering Including Ipo Expense $ 23,300,000                
Class of Warrant or Right, Number of Securities Called by Warrants or Rights 138,000                
Class of Warrant or Right, Exercise Price of Warrants or Rights $ 10.45                
Warrants Not Settleable in Cash, Fair Value Disclosure $ 784,111                
Warrants Expiration Date Sep. 19, 2022                
Initial Public Offering Costs $ 1,100,000                
Commission Of Underwriter $ 1,800,000                
Private Placement [Member]                  
Class of Warrant or Right, Number of Securities Called by Warrants or Rights                 55,249
Class of Warrant or Right, Exercise Price of Warrants or Rights                 $ 7.56
Warrants Not Settleable in Cash, Fair Value Disclosure                 $ 330,607
XML 53 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation (Details)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Risk-free interest rate   2.00%
Expected volatility 76.00% 75.00%
Expected dividend yield 0.00% 0.00%
Minimum [Member]    
Risk-free interest rate 2.52%  
Expected life (years) 6 years 3 months 6 years 3 months
Maximum [Member]    
Risk-free interest rate 2.97%  
Expected life (years) 10 years 10 years
XML 54 R42.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation (Details 1) - $ / shares
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Shares, Options outstanding at beginning of year 501,603 302,088
Shares, Granted 21,152 148,150
Shares, Forfeited 0 (7,553)
Shares, Balance at June 30 522,755 442,685
Shares, Options exercisable at Shares, June 30 262,393 166,119
Weighted Average Exercise Price, Options outstanding at beginning of year $ 7.58 $ 5.91
Weighted Average Exercise Price, Granted 18.93 8.38
Weighted Average Exercise Price, Forfeited 0 3.60
Weighted Average Exercise Price, Balance at June 30 8.04 6.78
Weighted Average Exercise Price, Options exercisable at June 30: 6.72 5.46
Weighted Average Grant Date Fair Value for Options Granted During the year: $ 14.02 $ 5.29
XML 55 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation (Details 2) - USD ($)
6 Months Ended
Jun. 30, 2018
Dec. 31, 2017
Jun. 30, 2017
Dec. 31, 2016
Options Outstanding 522,755 501,603 442,685 302,088
Options Outstanding, Weighted Average Remaining Contractual Life 8 years 1 month 20 days      
Options Outstanding, Weighted Average Exercise Price $ 8.04 $ 7.58 $ 6.78 $ 5.91
Options Outstanding, Aggregate Intrinsic Value $ 8,771,626      
Options Exercisable 262,393   166,119  
Options Exercisable, Weighted Average Exercise Price $ 6.72   $ 5.46  
Options Exercisable, Aggregate Intrinsic Value $ 4,748,003      
XML 56 R44.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation (Details 3)
Jun. 30, 2018
USD ($)
2018 $ 394,516
2019 515,020
2020 336,530
2021 153,773
2022 10,905
Total estimated compensation cost to be recognized $ 1,410,744
XML 57 R45.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation (Details 4) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Stock-based compensation expense in operating expenses:        
Total Stock-based Compensation Expense $ 276,284 $ 326,548 $ 612,764 $ 422,816
Research and development [Member]        
Stock-based compensation expense in operating expenses:        
Total Stock-based Compensation Expense 175,864 197,921 337,535 294,189
General and administrative [Member]        
Stock-based compensation expense in operating expenses:        
Total Stock-based Compensation Expense $ 100,420 $ 128,627 $ 275,229 $ 128,627
XML 58 R46.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation (Details Textual) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Sep. 15, 2017
Nov. 12, 2012
Share-based Compensation $ 276,284 $ 326,548 $ 612,764 $ 422,816    
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted     2,571      
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number 2,571 0 2,571 0    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period 5,250 0 5,250 0    
Employee Stock Option [Member]            
Share-based Compensation $ 235,060 $ 326,548 $ 501,158 $ 422,816    
Allocated Share-based Compensation Expense 18,793 0 46,887 0    
Restricted Stock [Member]            
Share-based Compensation $ 22,431 $ 0 $ 64,719 $ 0    
2012 Equity Incentive Plan [Member]            
Common Stock, Capital Shares Reserved for Future Issuance           625,000
2017 Stock Incentive Plan [Member]            
Common Stock, Capital Shares Reserved for Future Issuance         750,000  
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant 664,297   664,297      
2017 Employee Stock Purchase Plan [Member]            
Common Stock, Capital Shares Reserved for Future Issuance         100,000  
XML 59 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1
Unsecured Convertible Promissory Notes (Details Textual) - USD ($)
1 Months Ended 2 Months Ended
Sep. 22, 2017
May 31, 2017
Jun. 30, 2018
Dec. 31, 2017
Apr. 30, 2017
Class of Warrant or Right, Number of Securities Called by Warrants or Rights     353,980 373,323  
Class of Warrant or Right,Term   10 years      
Debt Insrtument, Commission Percentage   10.00%      
Proceeds From Issuance Of Convertible Debt Gross   $ 8,337,500      
IPO [Member]          
Class of Warrant or Right, Number of Securities Called by Warrants or Rights 138,000        
Amortization of Debt Issuance Costs and Discounts $ 411,375        
Class of Warrant or Right, Exercise Price of Warrants or Rights $ 10.45        
Note Warrant [Member]          
Proceeds From Issuance Of Convertible Debt Gross   $ 776,717      
Cedar Point Capital, LLC [Member]          
Class of Warrant or Right, Number of Securities Called by Warrants or Rights 48,615 48,615      
Adjustments to Additional Paid in Capital, Warrant Issued   $ 286,999      
Class of Warrant or Right, Exercise Price of Warrants or Rights $ 8.42 $ 8.42      
Convertible Notes Payable [Member]          
Debt Instrument, Face Amount   $ 8,337,500      
Debt Instrument, Interest Rate, Stated Percentage   1.25%      
Debt Instrument, Maturity Date   Dec. 31, 2018      
Debt Instrument, Convertible, Conversion Price   $ 9.50      
Class of Warrant or Right, Number of Securities Called by Warrants or Rights 131,675        
Class of Warrant or Right,Term 7 years        
Adjustments to Additional Paid in Capital, Warrant Issued   $ 776,717      
Debt Issuance Costs, Current, Net   $ 885,131      
Debt Conversion, Converted Instrument, Shares Issued   881,911      
Proceeds From Issuance Of Convertible Debt Gross   $ 7,560,783      
Convertible Notes Payable [Member] | Investor [Member]          
Debt Instrument, Face Amount   $ 2,587,500     $ 5,750,000
EXCEL 60 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 61 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 62 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 64 FilingSummary.xml IDEA: XBRL DOCUMENT 3.10.0.1 html 105 214 1 false 29 0 false 4 false false R1.htm 1001 - Document - Document And Entity Information Sheet http://celcuity.com/role/DocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 1002 - Statement - Condensed Balance Sheets Sheet http://celcuity.com/role/CondensedBalanceSheets Condensed Balance Sheets Statements 2 false false R3.htm 1003 - Statement - Condensed Balance Sheets [Parenthetical] Sheet http://celcuity.com/role/CondensedBalanceSheetsParenthetical Condensed Balance Sheets [Parenthetical] Statements 3 false false R4.htm 1004 - Statement - Condensed Statements of Operations Sheet http://celcuity.com/role/CondensedStatementsOfOperations Condensed Statements of Operations Statements 4 false false R5.htm 1005 - Statement - Condensed Statements of Cash Flows Sheet http://celcuity.com/role/CondensedStatementsOfCashFlows Condensed Statements of Cash Flows Statements 5 false false R6.htm 1006 - Statement - Condensed Statements of Cash Flows (Additional Information) Sheet http://celcuity.com/role/CondensedStatementsOfCashFlowsAdditionalInformation Condensed Statements of Cash Flows (Additional Information) Statements 6 false false R7.htm 1007 - Disclosure - Organization Sheet http://celcuity.com/role/Organization Organization Notes 7 false false R8.htm 1008 - Disclosure - Summary of Significant Accounting Policies Sheet http://celcuity.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 8 false false R9.htm 1009 - Disclosure - Net Loss Per Common Share Sheet http://celcuity.com/role/NetLossPerCommonShare Net Loss Per Common Share Notes 9 false false R10.htm 1010 - Disclosure - Investments Sheet http://celcuity.com/role/Investments Investments Notes 10 false false R11.htm 1011 - Disclosure - Prepaid Assets Sheet http://celcuity.com/role/PrepaidAssets Prepaid Assets Notes 11 false false R12.htm 1012 - Disclosure - Property and Equipment Sheet http://celcuity.com/role/PropertyAndEquipment Property and Equipment Notes 12 false false R13.htm 1013 - Disclosure - Accrued Expenses Sheet http://celcuity.com/role/AccruedExpenses Accrued Expenses Notes 13 false false R14.htm 1014 - Disclosure - Commitments Sheet http://celcuity.com/role/Commitments Commitments Notes 14 false false R15.htm 1015 - Disclosure - Stockholders' Equity Sheet http://celcuity.com/role/StockholdersEquity Stockholders' Equity Notes 15 false false R16.htm 1016 - Disclosure - Stock-Based Compensation Sheet http://celcuity.com/role/StockBasedCompensation Stock-Based Compensation Notes 16 false false R17.htm 1017 - Disclosure - Unsecured Convertible Promissory Notes Notes http://celcuity.com/role/UnsecuredConvertiblePromissoryNotes Unsecured Convertible Promissory Notes Notes 17 false false R18.htm 1018 - Disclosure - Income Taxes Sheet http://celcuity.com/role/IncomeTaxes Income Taxes Notes 18 false false R19.htm 1019 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://celcuity.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://celcuity.com/role/SummaryOfSignificantAccountingPolicies 19 false false R20.htm 1020 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://celcuity.com/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://celcuity.com/role/SummaryOfSignificantAccountingPolicies 20 false false R21.htm 1021 - Disclosure - Investments (Tables) Sheet http://celcuity.com/role/InvestmentsTables Investments (Tables) Tables http://celcuity.com/role/Investments 21 false false R22.htm 1022 - Disclosure - Prepaid Assets (Tables) Sheet http://celcuity.com/role/PrepaidAssetsTables Prepaid Assets (Tables) Tables http://celcuity.com/role/PrepaidAssets 22 false false R23.htm 1023 - Disclosure - Property and Equipment (Tables) Sheet http://celcuity.com/role/PropertyAndEquipmentTables Property and Equipment (Tables) Tables http://celcuity.com/role/PropertyAndEquipment 23 false false R24.htm 1024 - Disclosure - Accrued Expenses (Tables) Sheet http://celcuity.com/role/AccruedExpensesTables Accrued Expenses (Tables) Tables http://celcuity.com/role/AccruedExpenses 24 false false R25.htm 1025 - Disclosure - Commitments (Tables) Sheet http://celcuity.com/role/CommitmentsTables Commitments (Tables) Tables http://celcuity.com/role/Commitments 25 false false R26.htm 1026 - Disclosure - Stock-Based Compensation (Tables) Sheet http://celcuity.com/role/StockBasedCompensationTables Stock-Based Compensation (Tables) Tables http://celcuity.com/role/StockBasedCompensation 26 false false R27.htm 1027 - Disclosure - Summary of Significant Accounting Policies (Details) Sheet http://celcuity.com/role/SummaryOfSignificantAccountingPoliciesDetails Summary of Significant Accounting Policies (Details) Details http://celcuity.com/role/SummaryOfSignificantAccountingPoliciesTables 27 false false R28.htm 1028 - Disclosure - Summary of Significant Accounting Policies (Details Textual) Sheet http://celcuity.com/role/SummaryOfSignificantAccountingPoliciesDetailsTextual Summary of Significant Accounting Policies (Details Textual) Details http://celcuity.com/role/SummaryOfSignificantAccountingPoliciesTables 28 false false R29.htm 1029 - Disclosure - Net Loss Per Common Share (Details Textual) Sheet http://celcuity.com/role/NetLossPerCommonShareDetailsTextual Net Loss Per Common Share (Details Textual) Details http://celcuity.com/role/NetLossPerCommonShare 29 false false R30.htm 1030 - Disclosure - Investments (Details) Sheet http://celcuity.com/role/InvestmentsDetails Investments (Details) Details http://celcuity.com/role/InvestmentsTables 30 false false R31.htm 1031 - Disclosure - Investments (Details Textual) Sheet http://celcuity.com/role/InvestmentsDetailsTextual Investments (Details Textual) Details http://celcuity.com/role/InvestmentsTables 31 false false R32.htm 1032 - Disclosure - Prepaid Assets (Details) Sheet http://celcuity.com/role/PrepaidAssetsDetails Prepaid Assets (Details) Details http://celcuity.com/role/PrepaidAssetsTables 32 false false R33.htm 1033 - Disclosure - Property and Equipment (Details) Sheet http://celcuity.com/role/PropertyAndEquipmentDetails Property and Equipment (Details) Details http://celcuity.com/role/PropertyAndEquipmentTables 33 false false R34.htm 1034 - Disclosure - Property and Equipment (Details Textual) Sheet http://celcuity.com/role/PropertyAndEquipmentDetailsTextual Property and Equipment (Details Textual) Details http://celcuity.com/role/PropertyAndEquipmentTables 34 false false R35.htm 1035 - Disclosure - Accrued Expenses (Details) Sheet http://celcuity.com/role/AccruedExpensesDetails Accrued Expenses (Details) Details http://celcuity.com/role/AccruedExpensesTables 35 false false R36.htm 1036 - Disclosure - Commitments (Details) Sheet http://celcuity.com/role/CommitmentsDetails Commitments (Details) Details http://celcuity.com/role/CommitmentsTables 36 false false R37.htm 1037 - Disclosure - Commitments (Details 1) Sheet http://celcuity.com/role/CommitmentsDetails1 Commitments (Details 1) Details http://celcuity.com/role/CommitmentsTables 37 false false R38.htm 1038 - Disclosure - Commitments (Details 2) Sheet http://celcuity.com/role/CommitmentsDetails2 Commitments (Details 2) Details http://celcuity.com/role/CommitmentsTables 38 false false R39.htm 1039 - Disclosure - Commitments (Details Textual) Sheet http://celcuity.com/role/CommitmentsDetailsTextual Commitments (Details Textual) Details http://celcuity.com/role/CommitmentsTables 39 false false R40.htm 1040 - Disclosure - Stockholders' Equity (Details Textual) Sheet http://celcuity.com/role/StockholdersEquityDetailsTextual Stockholders' Equity (Details Textual) Details http://celcuity.com/role/StockholdersEquity 40 false false R41.htm 1041 - Disclosure - Stock-Based Compensation (Details) Sheet http://celcuity.com/role/StockBasedCompensationDetails Stock-Based Compensation (Details) Details http://celcuity.com/role/StockBasedCompensationTables 41 false false R42.htm 1042 - Disclosure - Stock-Based Compensation (Details 1) Sheet http://celcuity.com/role/StockBasedCompensationDetails1 Stock-Based Compensation (Details 1) Details http://celcuity.com/role/StockBasedCompensationTables 42 false false R43.htm 1043 - Disclosure - Stock-Based Compensation (Details 2) Sheet http://celcuity.com/role/StockBasedCompensationDetails2 Stock-Based Compensation (Details 2) Details http://celcuity.com/role/StockBasedCompensationTables 43 false false R44.htm 1044 - Disclosure - Stock-Based Compensation (Details 3) Sheet http://celcuity.com/role/StockBasedCompensationDetails3 Stock-Based Compensation (Details 3) Details http://celcuity.com/role/StockBasedCompensationTables 44 false false R45.htm 1045 - Disclosure - Stock-Based Compensation (Details 4) Sheet http://celcuity.com/role/StockBasedCompensationDetails4 Stock-Based Compensation (Details 4) Details http://celcuity.com/role/StockBasedCompensationTables 45 false false R46.htm 1046 - Disclosure - Stock-Based Compensation (Details Textual) Sheet http://celcuity.com/role/StockBasedCompensationDetailsTextual Stock-Based Compensation (Details Textual) Details http://celcuity.com/role/StockBasedCompensationTables 46 false false R47.htm 1047 - Disclosure - Unsecured Convertible Promissory Notes (Details Textual) Notes http://celcuity.com/role/UnsecuredConvertiblePromissoryNotesDetailsTextual Unsecured Convertible Promissory Notes (Details Textual) Details http://celcuity.com/role/UnsecuredConvertiblePromissoryNotes 47 false false All Reports Book All Reports celc-20180630.xml celc-20180630.xsd celc-20180630_cal.xml celc-20180630_def.xml celc-20180630_lab.xml celc-20180630_pre.xml http://fasb.org/srt/2018-01-31 http://fasb.org/us-gaap/2018-01-31 http://xbrl.sec.gov/dei/2018-01-31 true true ZIP 66 0001144204-18-043344-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001144204-18-043344-xbrl.zip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΢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end