EX-FILING FEES 16 ex107.htm

CALCULATION OF REGISTRATION FEE

 

Title of Each Class of

Securities to be Registered

  Number of
Shares of
Common
Stock to be
Registered(1)
    Proposed
Maximum
Offering
Price Per
Share(2)
   

Proposed

Maximum

Aggregate

Offering
Price(1)(2)

    Amount of
Registration
Fee(3)
 
Common stock, par value $0.01 per share, issuable pursuant to an equity line     10,000,000     $ 0.4145     $ 4,145,000     $ 384.24  
Common Stock, par value $0.01 per share, issuable upon conversion of Series C Preferred Stock and Warrants     4,592,556     $ 0.4145     $ 1,903,614     $

 

 

176.47

 
Common stock, par value $0.01 per share     793,039     $ 0.4145     $ 328,715     $ 30.47  
Total     15,385,595     $ 0.4145     $ 6,377,329     $ 591.18  

 

(1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended, this registration statement shall be deemed to cover additional securities that may be offered or issued to prevent dilution resulting from splits, dividends or similar transactions.

 

(2) Estimated solely for the purpose of calculating the amount of the registration fee in accordance with Rule 457(c) under the Securities Act of 1933 ("the Securities Act") based on the average of the high and low prices of the common stock on March 31, 2022 as reported on the OTC Markets.

 

(3) The Company paid a registration fee of $903.76 in connection with the original filing of the registration statement for 10,500,000 shares of common stock. The Company paid an additional registration fee of $241.80 in connection with the additional 6,293,039 shares of common stock registered in Amendment No. 1 to the registration statement. In this Amendment No. 2 of the registration statement, the Company has reduced the number of shares of common stock it is offering upon conversion of the Series C Preferred Stock and Warrants from 6,000,000 to 4,592,556. The overage of the registration fee of $54.08 shall be carried over to any future filings of the Company.