 Each unit consisted of one common share and one Class A warrant to purchase one common share and immediately separated upon issuance. The gross proceeds of the offering to the Company, before underwriting discounts and commissions and estimated offering expenses, were approximately 12.0 million. In addition, the Company granted to Maxim Group LLC a 45-day option to purchase up to an additional 5,142,857 common shares or pre-funded warrants in lieu thereof andor up to 5,142,857 Class A warrants, at the public offering price less discounts and commissions, of which Maxim Group LLC has exercised its option to purchase 5,139,286 common shares and 5,139,286 Class A warrants. 